Its scorching in Ukraine...

"An additional price increase of 50 percent for households and utilities will be effected in April 2011. Semiannual increases of gas prices paid by households and utility companies will continue until domestic price levels reach import parity. Thereafter, all gas prices will be adjusted as needed to reflect market prices," the document reads.


The next price increase comes next year,but  Ukraine already raised gas prices this month by 50%. The document in the excerpt is a memo to the IMF. 

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