5. Complete the following sentences:

1. Two interrelated processes are characteristic of Ukraine’s economy today, namely ... . 2. Present-day independent Ukraine has ... . 3. Reforms, started in the national economy after the proclamation of independence, are aimed ... . 4. The main directions of the programme of economic reforms are as follows: ... . 5. These and other problems must be solved ... . 6. In a short period of time the Verkhovna Rada and government of Ukraine have succeeded in ... . 7. Much attention is given to ... . 8. Legislative basis is created ... .

VI. Answer the following questions:

1. What processes are characteristic of Ukraine’s economy today? 2. These processes are rather complicated, aren’t they? 3. What potential does Ukraine have to develop its economy? 4. What are the main directions of the programme of economic reforms? 5. What is the role of the Verkhovna Rada and government in conducting economic reforms? 6. What problems is much attention given to?

VII. Translate into English:

1. Сучасна незалежна Україна має значний потенцiал для швид­кого розвитку економiки. 2. Реформи, якi розпочалися в народному господарствi пiсля проголошення незалежностi, спрямовано на ство­рення вiдкритої ефективної економiки ринкового типу. 3. Одним із головних напрямкiв програми економiчних реформ є створення умов для поступової iнтеграцiї України у свiтове господарство. 4. Верховна Рада та уряд України досягли успiху в створеннi правової бази для проведення економiчних реформ. 5. Уряд регулює цiни на енергоносiї, комунальнi послуги, транспорт та деякi iншi товари й послуги. 6. Велика увага придiляється приватизацiї державних пiдприємств.

Reading drills

1. Practise the pronunciation of the following words:

a) stress the first syllable:

industry, area, current, structure, occupy, heavy, steel, coal, light, job, service, health, care, concentrate, region, mineral, bias, output, yield, mining, ferrous, presently, automobile, locomotive, railway, airplane, lack, harvester, satisfy, integrate, process, standard, innovate, market;

b) stress the second syllable:

proportion, industrial, towards, account, employ, metallurgy, equipment, considerable, deposit, produce, however, accept, progressive, unable, consumer, unwillingness, initiative, techniques, approach.

2. Name the word-building elements (suffixes, prefixes) and the part of speech of each word:

economy — economic — economical — economically — economics — economist — economize; industry — industrial — industrialist — industrially — industrious — industrialization; satisfy — satisfactory — satisfaction.

Text C

Industry is the most important area of Ukraine’s economy. In the current structure of Ukraine’s industry a great proportion is occupied by heavy industry, especially the steel, machine-building and coal industries. A considerable part is played by the food and light industries. About two-fifth of Ukraine’s 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.

Many of Ukraine’s heavy industries are concentrated in the Donbas region, the centre of Ukraine’s heavy industry. It has rich mineral deposits and major industrial base with bias towards¹ heavy industry. A large industrial output² is yielded³ by the mining, ferrous metallurgy⁴, chemical and machine-building industries.

The machine-building is presently the largest branch of industry. It accounts for a third of the national industrial output and employs about a fourth of Ukraine’s workers. Automobiles and buses, locomotives and railway cars, airplanes and ships, tractors and harvesters⁵, machine tools⁶ and metallurgical equipment are produced at Ukraine’s plants and factories.

However, today’s industries are unable to satisfy the consumers’ wants⁷. The reason is that they are not integrated into the world process of economic, technological and scientific progress. The national industries have low standard in processing raw materials⁸, outdated and worn-out production equipment⁹, unwillingness to accept progressive techniques and approaches and lack of innovating initiative. These and other problems must be solved in the course of new economic reforms aimed at creating a market economy.