Serhii Biriuk, a member of the State Commission for Securities and the Stock Market (the Securities Commission), has forecast emergence of new financial-industrial groups as a result of the current economic instability.

Biriuk made the forecast in an interview published in the Biznes weekly newspaper.

"However, in the world and in Ukraine, those that 'came into cash' on the eve of the financial difficulties are now starting to buy promising enterprises at low prices. A serious redistribution of capital is talking place, new financial-industrial groups are being created," Biriuk said.

Moreover, according to Biriuk, the industrial enterprises that are oriented toward exports and foreign sources of finance are the most susceptible to the negative effects of the financial crisis.

"In Ukraine, the major owners and industrial enterprises that are oriented toward export or foreign sources of resources, including financial resources, can realistically incur losses," Biriuk said.

Biriuk also said that structural changes were possible in certain sectors.

"It is possible that this will affect metallurgy, one of the leading sectors of our economy. Possibly other sectors; I hope not many," Biriuk said.

According to Biriuk, it is necessary for financiers and industrialists to join forces and it is necessary to set out the priorities regarding which sectors to develop and which not to develop in order to prevent sharp falls in the major sectors of the economy.

As Ukrainian News earlier reported, experts are forecasting that Ukraine will overcome the current economic crisis before the end of 2009.

The Cabinet of Ministers submitted a draft law entitled "On Minimizing the Influence of the Global Financial Crisis on the Ukrainian Economy" to the parliament for consideration on October 22