- The formation of the Cabinet of Ministers was completed with the appointment of Oleksandr Shlapak as Minister of Economy.
- The real GDP grew by 9.1% yoy cum. (9.2% yoy in June) during the first half of 2001 with the highest growth of value-added occurring in the manufacturing industry, in construction, and in the wholesale and retail trades.
- The President vetoed a new law on the Ukrainian electricity market that could replace existing pool-model by a system of ‘bilateral contracts’.
- The real revaluation of the hryvna has not seriously affected the growth of exports despite the misgivings of exporting companies.
- Ukraine successfully restructured USD 580 m debt to the Paris Club of creditors.
- The National Bank of Ukraine revoked the license of Bank “Ukraina” and initiated its liquidation.





