- Viktor Yushchenko was sworn in as President of Ukraine.
- Industrial output increased by 12.5% in 2004 thanks to growth in metallurgy, machine building and the food industry.
- The alienation of the metallurgical enterprise “Kryvorizhstal” to a third party was forbidden by a court decision.
- The State Treasury reported a central fiscal deficit of 3% of GDP for 2004.
- The minimum subsistence level and minimum pension increases may cause an additional 3% of GDP fiscal deficit in 2005.
- Fitch upgraded Ukraine’s sovereign rating to BB-.
MEMU SUPPLEMENT: "Ukraine and the European Union: Selected trade issues"
