- Military conflict between Russia and Georgia was in the centre of political discussions in Ukraine in August.
- Between January and July real GDP growth accelerated to 6.5% yoy as good crop harvest boosted agriculture.
- Gas tariffs for households were increased.
- Crop harvest is estimated at up to 49 m tons, though with a high share of feed grain.
- Merchandise exports and imports grew at record pace in the first half of 2008.
- In July the central fiscal deficit remained at 0.3% of GDP.
- Government provided assistance to the flood victims.
- Consumer price inflation slowed to 26.0% yoy in August as seasonal goods limit price growth.
MEMU SUPPLEMENT: "July floods in Ukraine: lessons to be learned"
