- In August the Parliament elected Victor Yanukovytch, the leader of the Party of Regions, as the Prime Minister.
- In the first seven months of the year real GDP growth was 5.5% yoy thanks to growth in industry and services.
- The Prime Minister signed a Memorandum of cooperation with representatives of refineries and oil products traders.
- In the first half of the year the commodity trade balance remained negative at USD 2.92 bn.
- Between January and July the central fiscal deficit reached UAH 6.3 bn or 2.5% of GDP.
- Wage arrears reached UAH 1.1 bn by August 1, 2006.
- Inflation remained at 7.4% yoy in August.
MEMU SUPPLEMENT: "The political crisis has been finally resolved in August"
