On July 24th the Ministry of Finance paid a $120 million coupon on its Eurobond, which postponed feared default. The story is still long from over; however, the decision to pay on debts improves chances for no default scenario. Meanwhile we see a desperate fight on, between the old and new Ukraine. Badly-needed changes reformers are pushing forth are facing fierce resistance from the old guard. Yet progress has been encouraging. One such success is the new police force in Kyiv. More about recent tendencies you can read in our new report “Default Evaded; Progress in Sight”. The full report could be obtained through subscription at Global Source (www.globalsourcepartners.com). Trial access is available.