- President’s Chief of Staff Viktor Baloga resigned.
- Industrial production in April worsened, but domestic demand seems to somewhat recover.
- The central fiscal revenues (general fund) declined by 5.3% yoy in the first four months of 2009.
- The Pension Fund financing gap exceeded UAH 7 bn between January and April.
- Nominal wage increased by 1.5% mom in April.
- Consumer inflation decelerated to 14.7% yoy in May.
- Inter-bank exchange rate has appreciated to UAH/USD 7.6 from 7.9 during May.
- HIGHLIGHT OF THE MONTH: Relations with the IMF - New terms of engagement