- During his visit to the USA Viktor Yushchenko, the President of Ukraine, met with the President George W. Bush and addressed a joint session of the Congress.
- The real GDP growth reached 5.4% yoy during the first quarter.
- To fight price increases, the Government set maximum prices for gasoline and temporarily banned the exports of oil products.
- The Government made an attempt to reduce meat prices by lowering import tariffs and by directly intervening in the market.
- The Cabinet of Ministers temporarily increased all railway freight transportation tariffs until the end of June 2005.
- Starting April 1, 2005 birth grants were increased to UAH 8497.
- The NBU revalued the hryvnia to 5.05 UAH/USD.
- The consumer price inflation stayed at a high 14.7% yoy.
MEMU SUPPLEMENT: "Hryvnia Revaluation as a Measure to Combat Inflation?"
