Section: Latest news
Ukraine may receive budget 24 hours before New Year
People’s deputies approved the draft resolution “On peculiarities of the procedure for consideration and adoption of the draft law of Ukraine on the state budget of Ukraine for 2015,” which envisages peculiarities of consideration and adoption of the draft state budget for 2015 and all draft laws, submitted by the Cabinet of Ministers. 253...
Yatseniuk announces hryvnia rate in budget
The draft state budget 2015 is based on the average hryvnia rate of 17 UAH/USD. Prime Minister Arseniy Yatseniuk told in the parliament Tuesday, an Ukrinform correspondent reports. “The average rate in calculation of the state budget is 17 UAH/USD,” Yatseniuk said.
In the war for Ukraine’s Donbas, the Ordeal of a Frontline Town
Far From Kyiv and Next to Donetsk, the Elderly of Pisky Get Daily Shelling, But No PensionsBefore this year’s war in southeast Ukraine, the town of Pisky, at the edge of the city of Donetsk, was home to about 3,000 people. Many were academics who worked at the local Donetsk Institute of Agricultural Production. Now, Pisky is a debris-strewn...
World Bank to allocate nearly $380 mln to Ukraine for electricity
Ukraine will receive a $378.425 million loan from the World Bank to improve the reliability of the power transmission system and support the implementation of the wholesale electricity market in Ukraine. The respective decision has been taken by the World Bank’s Board of Executive Directors, the bank’s press service reported....
As US and Europe Press Ukraine to Reform, They Also Must Help Save It from Default
The Ukrainian Project to Keep Europe Whole and Free Needs Adequate Financing—and Quickly Ukraine’s new government has unleashed a “tiger team” of ministers committed to quick and comprehensive reforms—but as that work begins, the costs of war and recession have pushed Ukraine to the edge of default. Ukraine has begun to take steps to slash...
Klimkin confirms: Contact group will meet in Minsk tomorrow
A meeting of the tripartite contact group in Minsk will take place Wednesday, December 24. Foreign Minister Pavlo Klimkin told reporters Tuesday, Ukrinform’s correspondent reports. “We are planning such a meeting tomorrow. Negotiations still continue. We know that one meeting will be enough. We do not need talks, we need a real progress....
Yatseniuk ready to consider “budget package” as long as necessary
Prime Minister of Ukraine Arseniy Yatseniuk is ready to discuss 44 laws, submitted by the government to the parliament, as long as necessary. He said this at the Verkhovna Rada meeting on Tuesday, Ukrinform’s correspondent reported. “There is a proposal to proceed with the discussion of bills and work. We will work as long as...
Rozenko estimates shadow wage market at UAH 200 billion
Social Policy Minister Pavlo Rozenko says that the shadow wage market is about UAH 200 billion today. He said in his speech at the Verkhovna Rada Tuesday. Rozenko also added that next year subsidies to the Pension Fund budget will make up UAH 90 billion. According to him, this amount is necessary for payment of pensions “in misery amounts.” If...
Ukraine takes step to NATO
Ukraine has taken a historic step towards NATO membership in an overwhelming parliamentary vote. …read more Source:...
China challenges IMF as emergency lender
China is stepping up its role as the lender of last resort to some of the world’s most financially strapped countries. ||| New York – China is stepping up its role as the lender of last resort to some of the world’s most financially strapped countries.Chinese officials signalled on Saturday that they are willing to expand a $24...