- HIGHLIGHT OF THE MONTH: Trade war - Dairy trade dispute: the beginning of a new trade war?
- Politics: The West worries about compliance of rule of law in Ukraine.
- Real Sector: Industrial output increase by 2.0% yoy in January due to weak domestic and external demand.
- Sectoral news: The first steps towards restructuring of the Naftogaz have been initiated.
- External sector: Current account balance was positive in January.
- Fiscal policy: The central fiscal surplus in January was primarily explained by attempts of the Government to accumulate funds for peak debt payments.
- Social policy: The approved budget of the Pension Fund envisages optimistic level of the deficit..
- Labour market: Average wage grew by 18.5% yoy in January primarily due to minimum wage increase.
- Monetary policy: CPI growth decelerated to 3.0% yoy in February.
- Financial markets: The international reserves of the NBU declined by USD 0.3 bn to USD 31.0 bn.