- Yulia Timoshenko became Prime Minister of Ukraine, supported by an overwhelming majority in Parliament.
- Viktor Yushchenko voiced Ukraine’s interest in becoming a NATO member and later on an EU member.
- The real GDP grew by 6.5% yoy in January 2005, decelerating compared to the previous year’s figure.
- The merchandise trade surplus reached USD 3.7 bn in 2004, with the enlarged EU now being the major trade partner of Ukraine.
- The review of the privatisation has created uncertainty over property rights in Ukraine.
- During January and February the NBU increased its official reserves to USD 10.9 bn.
MEMU SUPPLEMENT: "New social liabilities: A fiscal gap of UAH 13.5 bn"
