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Viktor Yushchenko

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Early life

Viktor A. Yushchenko was born on February 23, 1954 in , , , into a family of teachers. His father, Andriy Andriyovych Yushchenko (1919-1992), took part in the , where he was captured by Germans and placed in the as a , but survived. After returning home, Andriy Yushchenko taught at a local school. Viktor's mother, Varvara Tymofiyovna Yushchenko (1918-2005), was both a Physics and Maths teacher at the same school.

Later, Viktor Yushchenko graduated from the Finance and Economics Institute, beginning his profession as an accountant. After completing his studies (1975), he worked as a deputy of the chief accountant in a , then served as a in the unit of on the – border (1975-1976).

Central banker

Yushchenko worked in the banking system from 1976. From 1983 he was the Deputy Director for Agricultural Crediting at the Ukrainian Republican Office of the USSR State Bank. Then (1990-1993) he worked as vice-chairman and first vice-chairman of the joint-stock non-state-run agroindustrial bank Ukraina. In 1993, he was invited by to work in the newly-formed (Ukraine's ). After Hetman's resignation in 1993, Yushchenko was appointed the head of the supervisory board of the Bank. Later, in 1997, he was reappointed as the head of the Bank by the parliament.

As a central banker, Yushchenko played an important part in the creation of 's national , the , and the establishment of a modern regulating system for commercial . He also successfully overcame a debilitating wave of that hit the country and managed to defend the value of the currency following the .

In 1998, he wrote a thesis on “The Development of supply and demand of money in Ukraine” and defended it in the Ukrainian Academy of Banking, getting Candidate of Economic Sciences (Doctor of Economics) degree.

Prime Minister

In December 1999, Yushchenko was unexpectedly nominated to be the by President after the previous candidate, , fell short by one vote of ratification by the parliament.

In 2001, Yushchenko refused to support and lead the which erupted following the murder of journalist . Moreover, he co-signed a highly critical public address with Kuchma calling the protesters "" -- despite the fact that many of them were supporters of his cabinet.

Significant economic progress was made during Yushchenko's cabinet service, though critics argue that this was made possible by the general situation of the economy, and was not the result of his actions. Soon, his government (particularly, deputy prime minister ) became embroiled in a confrontation with