- The first step in Victor Yushchenko’s cabinet reshuffle was the replacement of the Fuel and Energy Minister Serhii Yermilov. Re-introduction of the Industrial Policy Ministry and the subordination of State Property Fund to Cabmin (Cabinet of Ministers) are still undefined.
- Cabmin has approved its ‘Priority tasks for 2001’ to advance the reform agenda announced the President’s recent address to Parliament. Social and growth-sustainability priorities are the core of the program.
- In March Parliament approved the Budget Code. It defines the principles and foundations of the budget system in Ukraine.
- Ukrtelekom bought out all shares of Utel owned by AT&T and Deutsche Telecom, thereby consolidating 90% of Utel’s shares.