For-UA Ukraine English News

Alternative Review – Comments and discussion on For-Ua News (Ukraine English News)

Archive for February 25th, 2011

Ukraine has to repay USD 30 billion of debts in nearest future

Posted by the Editor on February 25, 2011


News / 25 February 2011 | 16:16

Ukraine has to repay USD 30 billion of debts in nearest future

Ukraine has to repay USD 30 billion of debts in nearest future

The Ukrainian government in 2011-2014 has to send payments on the state debt at almost USD 29.9 billion, the Eurobond issue prospectus says, UKRINFORM reports.

According to the document, a renewed schedule of government obligations fulfillment provides for debt payments in 2011 to the amount of USD 10.06 billion, which is the highest leverage in the nearest four years.

In the prospectus, also data are cited about expected monthly payments on foreign debt in 2011: peak expenses are planned for March (USD 867.2 million), September (USD 246.8 million) and December (USD 2.845 billion).

It is notable that a plan of calculations on the state foreign debt provides for allocation in June 2011 the necessary funds for repayment of debt to VTB Capital (USD 2 billion): in December 2010 the term of the loan use was prolonged only for six months.

To remind, the Russian VTB in June last year extended a six-month bridge loan at USD 2 billion under 6.7% annual (prior to placement of sovereign Eurobonds and receipt of the first tranche of the International Monetary Fund).

The credit can be prolonged three times for the maximum period of two years. At the same time, for every prolongation period a new interest rate will be in effect, agreed by the parties.

Later, the VTB assigned its rights on the credit to Ukraine to VTB Capital, which also is included into the VTB group.

ForUm

Posted in For-Ua News | Leave a Comment »

Tymoshenko: the government is legalizing its corruption through the IMF

Posted by the Editor on February 25, 2011


News / 25 February 2011 | 15:26

Tymoshenko: the government is legalizing its corruption through the IMF

Tymoshenko: the government is legalizing its corruption through the IMF

Batkivshchyna Party leader Yulia Tymoshenko believes the current Ukrainian government is legalizing its corrupt deals through Ukraine’s cooperation program with the International Monetary Fund (IMF).

“Shocking! We just got the letter between Ukraine and the IMF in which they gave us a $1.5 billion tranche. Point 16 legalized the corrupt deal with RosUkrEnergo for $4.5 billion,” Yulia Tymoshenko wrote today on Twitter, according to her official website.

Yulia Tymoshenko once again stressed that Ukrainians “are having their last money taken away through increase tariffs and pension reform and given to the corrupt pocket of RosUkrEnergo.”

Yulia Tymoshenko also said that her team is carefully reviewing this document. “Right now we’re translating this letter and will have it in the morning. Once again it is clear that we must help ourselves because nobody else will. Tomorrow there will be a press conference,” she said.

In Dec. 2010 Yulia Tymoshenko requested that the IMF send a monitoring mission to Ukraine to evaluate the deal to compensation RosUkrEnergo for 11 billion cubic meters of gas from the state budget.

ForUm

Posted in For-Ua News | Leave a Comment »

President: Pensions must be raised

Posted by the Editor on February 25, 2011


News / 25 February 2011 | 14:14

President: Pensions must be raised

President: Pensions must be raised

“I set a task this year to raise the minimum pension to 1320 UAH. We will wait and see if the Government is able to perform that task. But I hope they will perform it. We had a discussion, we looked at our options and finally came to a common conclusion – pensions must be raised, and we will be working on that,” President Viktor Yanukovych said, answering a question during the teleconference “Conversation with the Country.” 

Today, Viktor Yanukovych said, everybody understands that the country’s current pension system is outdated and has no perspective. He reminded that last year, the Pension Fund was failing to provide for retirees’ needs with its deficit reaching 40 billion UAH. 

This year, he said, the government managed to raise the revenues of the Pension Fund, which are expected to be about 120 billion UAH by the end of the year, making the expected deficit decrease to about 20 billion UAH. 

The President also stressed that pension reform will focus primarily on the implementation of fair approach to the calculation of pensions. 

ForUm

Posted in For-Ua News | Leave a Comment »

President: I will make sure that childbirth aid is raised year after year

Posted by the Editor on February 25, 2011


News / 25 February 2011 | 13:13

President: I will make sure that childbirth aid is raised year after year

President: I will make sure that childbirth aid is raised year after year

“I will make sure that the decisions we made to increase the payment at child birth are implemented. 25 thousand UAH for the first child, 50 thousand UAH for the second, 100 thousand for the third,” President Viktor Yanukovych said, answering a question from Khmelnytsky during the teleconference “Conversation with the Country.” 

“With every year we will be coming closer to that amount of aid. Already this year, from January 1, these payments will begin to approach this amount,” President Yanukovych said. 

Speaking to a young mother, who asked that question, Viktor Yanukovych said: “You are a very young woman. And there are many women like you in the country. Please, have children. We will create all the conditions for you to be happy mothers and your children living in comfort. We will take care of it.”

ForUm

Posted in For-Ua News | Leave a Comment »

NATO Secretary General: I am glad to visit the country, where citizens have the privilege of freedom of expression

Posted by the Editor on February 25, 2011


News / 25 February 2011 | 12:12

NATO Secretary General: I am glad to visit the country, where citizens have the privilege of freedom of expression

NATO Secretary General: I am glad to visit the country, where citizens have the privilege of freedom of expression

During his joint press conference with President Viktor Yanukovych, NATO Secretary General Anders Fogh Rasmussen said that today’s fruitful conversation happened in a very constructive atmosphere. He thanked the Ukrainian side and the President for productive partnership our country has with the Alliance. 

“I also thank Ukraine for its participation in the NATO-led missions. It takes part in operations in the Balkans, Afghanistan, in ensuring maritime security, strengthening peace and stability. We highly appreciate Ukraine’s contribution in these missions,” the NATO Secretary General said, presdiential press office reported. 

He said he has also briefed the President on the transformations going on in NATO. “At the Lisbon Summit in November 2010 we took very important decisions that will make our organization more efficient, effective and more actively engaged,” Anders Fogh Rasmussen said. 

The NATO Secretary General stressed that the Alliance is a club of democracies that share such fundamental values as individual liberty, rule of law, and human rights. “Our door remains open for all the countries sharing these values and able to contribute to strengthening security,” he said, stressing also that NATO does not impose anything on its partners. 

“Our partners have the sovereign right to determine their membership in a particular alliance… Therefore, we fully respect the policy of non-aligned status Ukraine has chosen,” Anders Fogh Rasmussen said. 

He praised the President confirming today Ukraine’s readiness to continue cooperation with NATO within the framework of the existing mechanisms and structures of cooperation. 

“We already have a very valuable cooperation, but there is additional capacity that we could use,” the NATO Secretary General said. He reminded that today, NATO provides assistance to Ukraine in the social adaptation of former servicemen, managing the consequences of defense reform, retraining soldiers, who were made redundant in the defense reform. 

Anders Fogh Rasmussen pointed to the prospect of Ukraine’s cooperation with NATO in the context of Alliance’s considerable experience in managing emergencies. “Next year, Ukraine and Poland will be hosting Euro 2012. This is a huge challenge in terms of security and planning civil emergencies management. If the championship hosts have such a whish and turn to us, we are ready to help,” he said. 

Besides, the NATO Secretary General noted the existing potential of cooperation between Ukraine and NATO in the field of energy security and combating piracy. 

“Today, we have discussed all these prospects and possible directions of further cooperation in a very positive atmosphere, and I look forward to further cooperation between NATO and Ukraine,” Anders Fogh Rasmussen said. 

Answering journalists’ questions, the NATO Secretary General also said: “I was particularly pleased to see political activists, who staged a very “warm welcome” for me this morning. I do not think that they are NATO supporters, but I am a supporter of free society, I am a supporter of freedom of speech and press freedom. 

So I am very glad to visit the country, where people have such a high privilege – freedom of expression.”

ForUm

Posted in For-Ua News | Leave a Comment »

President: Ukraine and NATO affirm readiness to continue partnership cooperation

Posted by the Editor on February 25, 2011


News / 25 February 2011 | 11:01

President: Ukraine and NATO affirm readiness to continue partnership cooperation

President: Ukraine and NATO affirm readiness to continue partnership cooperation

Ukraine and NATO have affirmed readiness to continue partnership relations, President Viktor Yanukovych said, speaking at a  joint press conference with NATO Secretary General Anders Fogh Rasmussen. He stressed that the parties have discussed a broad range of questions of bilateral relations between Ukraine and NATO. 

“We have agreed to continue maintaining an active political dialogue and developing practical cooperation between Ukraine and NATO. We will continue implementing all the existing projects and programs. Attention will be paid to effective use of the existing tools and formats of cooperation,” he said, presidential press office reported. 

The President said it applies to activities of the NATO-Ukraine Commission, implementation of Ukraine-NATO annual national programs and joint working groups’ activities. 

Viktor Yanukovych also expressed gratitude for NATO’s willingness to continue providing expert and resource assistance to comprehensive reforms in Ukraine – first of all, through the instrument of annual national programs. 

The Ukrainian side has confirmed its readiness to continue cooperation with NATO within the framework of peacekeeping operations, the President added. 

According to the President, the parties have also discussed opportunities for cooperation in combating both, traditional, and new security challenges and threats, and have dedicated attention to non-military aspects of cooperation (including the emergencies management). 

“Ukraine welcomes NATO’s intention to strengthen cooperation with its partners expressed in the new Strategic Concept of NATO, and is ready for cooperation in the new planes. 

We have reached a common view that constructive partnership between Ukraine and NATO is important for international and regional security and stability. In its further development, we will pursue our national interests, also taking into account the interests of NATO and the need to strengthen European security and stability,” he said. 

The parties, furthermore, have discussed the progress of reforms in Ukraine, transformations going on in NATO, and have exchanged views on the international security situation.

ForUm

Posted in For-Ua News | Leave a Comment »

 
Follow

Get every new post delivered to your Inbox.