- The European Commission denied granting Ukraine Market Economy Status.
- The real GDP grew by 11.5% yoy between January and April, while industrial output increased by 17.7% yoy.
- Oil product prices grew sharply at the end of May.
- The State Property Fund announced a privatisation tender for Kryvorizhstal, the largest metallurgical enterprise in Ukraine.
- The balance of trade in goods remained positive at USD 857 m in the first quarter of the year.
- A 2005 budget resolution was submitted to Parliament in May.
- The NBU introduced a new regulation that will help to improve control over bank liquidity.
- The banking sector continues to expand rapidly.