- The Verkhovna Rada adopted a law that introduces a proportional party-list approach for parliamentary elections.
- The IMF approved a USD 605 m stand-by arrangement for Ukraine.
- Agricultural producers, who export themselves, are eligible for VAT refunds.
- The net inflow of FDI doubled, reaching USD 1.4 bn in 2003.
- Special VAT accounts are to be introduced in May.
- The NBU takes steps to enhance its control over bank liquidity.
- The bank’s regulative capital adequacy requirement ratio was raised from 8% to 10%.