- The President and the Prime Minister agreed to hold early parliamentary elections.
- In the first quarter the real GDP increased by 8.0% yoy.
- The State Property Fund law was passed by Verkhovna Rada.
- Ukraine’s membership in the WTO is likely to be postponed until 2008.
- Central fiscal surplus reached 1.4% of the GDP due to high tax revenues and considerable under-execution of expenditures.
- Between January and March real wages grew by 14.8% yoy.
- Inflation accelerated to 10.5% yoy in April.
MEMU SUPPLEMENT: "Political crisis and its impact on the economy"
