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Volodymyr Lytvyn, a leader of the bloc “For United Ukraine” and former Head of the President’s Administration, became the new speaker of Parliament.
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Ukraine received the status of observer in the Eurasian Economic Community (EURASEC).
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Investments in fixed capital decelerated to 9.6% yoy in the first quarter of 2002 compared to 23.7% yoy during the same period of 2001.
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The Cabinet of Ministers finally approved the privatisation terms for Ukrtelecom.
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In May 2002, the month-on-month change of the consumer price index was negative, resulting in a new slowdown in inflation to the 1.4% yoy level.
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The Cabinet of Ministers approved the criteria for determining suspicious financial transactions, which commercial banks must report to the authorities.