- In December the EU granted market economy status to Ukraine.
- Between January and November real GDP grew by 2.2% yoy, further decelerating compared with previous periods.
- The National Electricity Regulation Commission increased electricity and gas tariffs for households.
- Current account balance reached USD 2.1 bn, or 3.7% of GDP in the first nine months of 2005.
- The approved State Budget Law for 2006 foresees the central fiscal deficit for 2006 at 2.5% of GDP.
- In November foreign reserves reached USD 19.5 bn after Mittal Steel Germany paid for Kryvorizhstal.
- The state debt decreased to USD 15.9 bn as a result of redemption of inflation-indexed domestic government bonds (POVDP).
MEMU SUPPLEMENT: "The Parliament has adopted the State budget for 2006"
