Good Government Report Card For 1Q05

Prime Minister Yulia Tymoshenko and key government ministers reported to President Viktor Yushchenko yesterday on the results of their Q105 performance.  Concorde Capital: According to Tymoshenko the government succeeded in rapidly improving the population?s social benefits and streamlining expenditures. Household incomes increased by 25.1% QoQ in 1Q05. The government claims to have reduced the inflation rate from 6.3% in 4Q04 to 4.4% in 1Q05 and to an estimated 2.3% in 2Q05. President Yushchenko praised the government?s performance, although criticized the rapid UAH exchange rate increase and uncertainty over re-privatization, demanding that a shortlist of enterprises for investigation be prepared within 10 days.