Unlike usual summer months June-July were full of important events. Former prime minister Yulia Tymoshenko was finally brought to court. Meanwhile, the authorities pushed several important legislative changes through Parliament, including a pension reform. Although the prosecution of former officials is a shame for Ukraine, recent changes in economic legislation (the approved land cadastre, a cleaned-up Tax Code, and a tune-up of the VAT refund system) were steps forward. More about recent tendencies you can read in our new report “Economy Strengthens, but Institutions are Weak”. The full report could be obtained through subscription at Global Source (www.globalsourcepartners.com). Trial access is available.