Monthly Economic Monitor Ukraine, June 2007

Monthly Economic Monitor Ukraine from Institute for Economic Research and Policy Consulting. Here is June 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.