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Friday, September 14, 2007

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.