- The President of Ukraine participated in the CIS summit and the meetings concerning the future of the Single Economic Space.
- The real GDP increased by 3.7% yoy during the first seven months of 2005.
- A new privatisation tender for 93.02% of the shares in the metallurgical plant Kryvorizhstal was launched.
- Ukraine and the EU signed a new agreement that regulates their steel trade during 2005–2006.
- Parliament increased the duty on cellular communications from 6% to 7.5% to benefit the Pension Fund.
- The NBU increased refinancing rate and toughened banks’ reserve requirements.
- The Austrian Raiffeisen International acquired the Ukrainian Aval Bank and the Ukrainian Processing Center.
MEMU SUPPLEMENT: "Is Ukraine on the verge of capital account liberalization?"
