Section: News & Summaries

      In the war for Ukraine’s Donbas, the Ordeal of a Frontline Town
      Dec23

      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
      Dec23

      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
      Dec23

      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
      Dec23

      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
      Dec23

      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
      Dec23

      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...

      Moody’s predicts 6% drop in Ukrainian economy
      Dec23

      Moody’s predicts 6% drop in Ukrainian economy

      Moody’s international rating agency has predicted a slowdown in the fall of Ukraine’s GDP in 2015 to 6%, according to statement posted on Moody’s website. “Moody’s expects Ukraine’s economy to contract by 7.5% in 2014 and by a further 6% in 2015, although the latter is subject to a high level of uncertainty...

      VERKHOVNA RADA CANCELS UKRAINE’S NON-BLOC STATUS
      Dec23

      VERKHOVNA RADA CANCELS UKRAINE’S NON-BLOC STATUS

      The Verkhovna Rada has adopted as a basis and as a whole presidential bill No. 1014-3 introducing amendments to certain laws of Ukraine on Ukraine’s refusal to implement non-alignment policy. A total of 303 MPs voted for this decision at a parliament meeting on Tuesday.