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Archive for October 15th, 2009

Yanukovych to focus on fight with poverty in his election program

Posted by the Editor on October 15, 2009


News / 15 October 2009 | 18:00

Yanukovych to focus on fight with poverty in his election program

Oppositional Party of Regions’ leader Viktor Yanukovych is planning to present his Ukraine for People election program during the party’s congress on October 23, NRCU reported.

Yanukovych told a news briefing on Thursday that his election program would be based on the results of his “I Will Hear Everybody” initiative, while over 100,000 people have already addressed him from August 15.

The opposition leader noted that, on the basis of those addresses, he singled out three problems of the greatest concern to the Ukrainian society.  Firstly, this is solving of the poverty problem. He emphasized that his political force would be lobbying higher social standards in parliament, insisting that the relevant bill be adopted next plenary week.

Yanukovych also promises to get down to settlement of the demographic problem in Ukraine, particularly, through raising child birth payments, insuring proper living standards of pensioners, putting things into order in justice system, and a number of other questions.

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U.S. considering Ukrainian radar for missile shield

Posted by the Editor on October 15, 2009


News / 15 October 2009 | 16:50

U.S. considering Ukrainian radar for missile shield

The possibility of a Ukrainian radar facility being used as part of a U.S. missile defense system is being considered, Ukraine’s ambassador to the United States said on Thursday, according to RIA Novosti.

Oleh Shamshur told a briefing in Kiev that the issue “is being discussed on the working level, at a preliminary stage.”

U.S. Assistant Secretary of Defense for International Security Affairs Alexander Vershbow recently said the United States was considering Ukraine as a possible site for a radar station as part of its new missile defense configuration in Europe.

According to the U.S. magazine Defense News, Vershbow “added Ukraine to the list of possible early warning sites.” He said Ukrainian officials “have mentioned” their interest in participating.

President Viktor Yushchenko said on Friday that Ukraine has not received requests from the United States to host anti-missile facilities on its soil.

However, he said Ukraine has two radar facilities – one in Sevastopol and one in Mukachevo in the country’s west, which Kiev would like to “integrate into a European or global security system.”

U.S. President Barack Obama in September scrapped plans to deploy a radar in the Czech Republic and interceptor missiles in Poland, due to a re-assessment of the threat from Iran. Moscow fiercely opposed the plans as a national security threat.

According to the Obama administration’s new plan, land-based missile-defense shields will not be implemented before 2015. Sea-based defenses will be operating in the Mediterranean up to 2015.

Moscow, which has consistently objected to the shield as a threat to its national security, welcomed the move. Russian President Dmitry Medvedev said later that Moscow would scrap plans to deploy Iskander-M missiles in Russia’s Kaliningrad Region, near Poland.

Medvedev said last November that Russia would deploy the missiles in Kaliningrad, which borders NATO members Poland and Lithuania, if the shield was put into operation.

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Yushchenko pushes the agreement on association

Posted by the Editor on October 15, 2009


News / 15 October 2009 | 15:00

Yushchenko pushes the agreement on association

As a bottom line of Ukraine -EU summit, President of Ukraine Viktor Yushchenko hopes to sign a document, which would give an analysis of the done work at the negotiations on Agreement on association.

“The summit has to be effective. Without any hesitation there has to be a base document and we will sign it”, he said today in Brussels to Ukrainian journalists after the meeting with President of the European Commission Jose Manuel Barroso, UNIAN  reported.

He underlined again that the dialogue between Ukraine and the European Union is one of the most efficient during the whole history of bilateral relations. Yushchenko believes the agreement on association will be one of the most strong agreement among those, which were signed by the EU with eastern countries.

President Viktor Yushchenko and his wife Kateryna Yushchenko went with the official visit to the Kingdom of Belgium.

Within the framework of the two-day visit President is scheduled to meet the King of the Belgians Albert II, European Commission President Jose Manuel Barroso, the President of the European Parliament Jerzy Buzek, President of the Senate of Belgium Armand De Decker, President of Belgian Chamber of Representatives Patrick Dewael and the Prime Minister Herman Van Rompuy.

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Oil flows to Europe via Ukraine restored

Posted by the Editor on October 15, 2009


News / 15 October 2009 | 13:25

Oil flows to Europe via Ukraine restored

(Reuters) – Oil supplies to Europe via the Druzhba pipeline, halted after a power outage in Ukraine, were restored late on Wednesday, Russian and Ukrainian officials said on Thursday.

“We restored crude shipments on Wednesday at 2200 (1800 GMT),” said Igor Dyomin, spokesman for Russian pipeline monopoly Transneft.

Ukraine’s Fuel and Energy Ministry also confirmed the resumption of supplies.

A power outage in western Ukraine halted supplies of Russian oil to Europe via the southern spur of the Druzhba pipeline early on Wednesday.

Supplies through a section of the pipeline in western Ukraine had been suspended because of localised power cuts, a result of bad weather.

The Ukrainian Fuel and Energy Ministry’s press secretary, Fent Di, said the pipeline had been shipping about 53,000 tonnes of oil per day, but was able to increase supplies to make up for the losses.

“They can increase the capacity to 55,000-57,000 tonnes to compensate for the suspension, despite the fact that the losses are modest and none of our clients have made any claims to us,” he said.

The pipeline pumps more than 1.2 million barrels of crude a day (around 160,000 tonnes) into Europe. The southern spur’s capacity is about 600,000 barrels per day.

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World Bank improves Ukraine 2010 forecast

Posted by the Editor on October 15, 2009


News / 15 October 2009 | 11:00

World Bank improves Ukraine 2010 forecast

The World Bank on Thursday improved its bleak outlook for Ukraine’s struggling economy on signs of a global recovery, predicting that it will grow 2.5 percent in 2010 after contracting by 15 percent this year.

The growth will be driven by an anticipated rise in global demand for Ukraine’s key exports, steel and chemicals, the Washington-based organization said in a statement. The World Bank had earlier forecast only 1 percent growth for 2010.

Inflation is forecast to fall below 14 percent in 2009 and below 11 percent next year.

The World Bank cautioned, however, that next year’s growth will be modest due to a rising number of toxic loans, which are stressing the financial sector and dragging down lending. Many Ukrainian banks, corporations and private lenders had borrowed money in foreign currencies and are now defaulting on those loans, after the national currency, the hryvna, lost some 40 percent of its value.

Ukraine’s financial crisis is one of the worst in Europe. The economy contracted by 20.3 percent in the first quarter of 2009 and by 17.8 in the second quarter. The country is relying on a $16.4 billion loan from the International Monetary Fund to avoid a complete meltdown.

Associated Press

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