Monthly Economic Monitor Ukraine, August 2007

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

Main topics:

• The President issued the fourth decree on the dissolution of the Verkhovna Rada.

• Real GDP growth remained at 7.9% yoy during the first half of the year.

• Current account deficit increased to USD 1.9 bn (3.2% of GDP) in the first six months of 2007.

• The subordination of the National Commission for Telecommunications Regulation was changed.

• Central fiscal balance turned into deficit in June and amounted to UAH 2.6 bn (0.9% of GDP).

• The Constitutional Court renewed social privileges postponed by the Law on the State Budget for 2007.

• Inflation accelerated to 13.5% yoy in July.