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Wednesday, June 6, 2007

Monthly Economic Monitor Ukraine, May 2007

Pretty long time I have not posted Monthly Economic Monitor Ukraine from Institute for Economic Research and Policy Consulting. Here is May issue.

Main topics

  • The President and the Prime Minister agreed to hold early parliamentary elections.

  • In the first quarter the real GDP increased by 8.0% yoy.

  • The State Property Fund law was passed by Verkhovna Rada.

  • Ukraine's membership in the WTO is likely to be postponed until 2008.

  • Central fiscal surplus reached 1.4% of the GDP due to high tax revenues and considerable under-execution of expenditures.

  • Between January and March real wages grew by 14.8% yoy.

  • Inflation accelerated to 10.5% yoy in April.