- Yevhen Marchuk, the former Secretary of the Security and National Defence Council, was appointed Minister of Defence.
- Investments in fixed capital grew by 23.1% yoy from January to March 2003.
- The government tries to curb panic on the food market by sales from state reserves and by higher grain imports.
- FDI inflow increased 145% yoy during the first quarter of 2003.
- The Verkhovna Rada passed amendments to the VAT law, reducing the tax rate from 20% to 17% starting January 1, 2004.
- The consumer price index grew by 5.9% yoy mainly due to panic on the food market.
- The NBU intents to refinance purchases of corporate bonds by commercial banks.
- Parliament adopted the law On mortgage.