Financial crisis hits Ukraine too

Ukraine is sinking into a deep depression. Yushchenko has forecast that the economy will contract by up to 10 percent in the first quarter of 2009. Tens of thousands of workers face layoffs as steel and other plants across the country freeze. Industrial output shrank nearly to 30 percent in November 2008, from a year earlier, the sharpest drop in a decade.

Exchange rate Hrv to US$ in 2007-2008

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