On August 24, 1991 the Verkhovna Rada declared the formation of the independent Ukrainian State an1 on December 1991, a nation-wide referendum confirmed the formation of a new Inrge European state. As to its territory Ukraine is the second largest country in Europe. As to its industrial potential, this is the one of the most developed republics of the former Soviet Union with highly developed metallurgy, machine-building, chemical production and agriculture. The economy of the Soviet Union was functioning for decades as an aggregate national economic system ! nked by united management, cooperated links and applied technologies. This hrs predetermined the inherited dependence of Ukraine on economic ties with former republics of the former Soviet Union. It will suffice to point out that two-thirds of the countrys gross domestic product did not have a closed productive cycle in Ukraine. The rates of decrease of production are slown down and firs signs of stabilization appear in a number of branches of economy. Industry is the most important area of Ukraines economy. In the current structure of Ukraines industry a great proportion is occupied by heavy industry, especially the steel machine building an I coal industries. A considerable part is played by the food and light industries. About two-fifth of Ukraines people work in industry, and about a fifth work in agriculture. Most other Ukrainians have jobs in such service industries as education and health care. A terge industrial output is yielded by the mining, ferrous metallurgy, chemical and machine building industries. The machine-building is presently the largest branch of industry. It accounts for a third of the national output and employs about a fourth of Ukraines workers. Automobiles and bu
Aug 05