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Archive for October 27th, 2008

Yushchenko met Turkish parliament speaker

Posted by the Editor on October 27, 2008


News / 27 October 2008 | 17:40

Yushchenko met Turkish parliament speaker

President of Ukraine Viktor Yushchenko and Turkish Parliament Speaker Koksal Toptan discussed ratification of agreement on scientific and energetic cooperation. The press service of the President of Ukraine reports.

The meeting took place within the framework of official visit of Viktor Yushchenko to Turkey.

As a reminder, today Viktor Yushchenko has left for Turkey with two-day official visit.

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Nikopolskiy Ferroalloy Plant suspends production

Posted by the Editor on October 27, 2008


News / 27 October 2008 | 16:50

Nikopolskiy Ferroalloy Plant suspends production

Nikopolskiy Ferroalloy Plant OJSC (NZF) will suspends its production since November 1 due to problems with sales.

According to UNIAN, plant’s director general Volodymyr Kutsyn claimed this in his statement publicized by Dnipropetrovsk Oblast mass media.

According to V.Kutsyn, today NZF cannot sell ferroalloys due to lack of demand at the market.

The director general specified that in September the plant produced 35 thousand tons of ferroalloys, half of them remained at the storehouse.

As reported earlier, Nikopolskiy Ferroalloy Plant OJSC is the Ukraine’s biggest enterprise for production of ferroalloys (silicomanganese and ferromanganese). Its ferroalloy furnaces are the biggest in the world. The annual amount of sales made average 800 thousand tons of ferroalloys.

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BYuT MP criticizes Tymoshenko’s policy

Posted by the Editor on October 27, 2008


News / 27 October 2008 | 16:00

BYuT MP criticizes Tymoshenko's policy

BYuT MP criticizes Tymoshenko’s policy

BYuT faction lawmakers, representatives of big business, have criticized the government’s draft law on anti-crisis measures in the face of world financial crisis.

According to “Delo” daily, BYuT MP Tariel Vasadze spoke against the increase of excises on cars. T.Vasadze controls “Ukravto” company, the Ukraine’s biggest car producer and importer.

He is confident that the measures proposed by the government will just worsen the situation at the domestic car market.

“The Financial Ministry found sources to replenish the budget, but it kills the domestic production”, he said.

As it is known, in its anti-crisis draft law, the government proposes to rise car excises by 5-10 times. At present an average excise makes $200 per car. If the government’s proposals are adopted, since the new year the excises will soar up to $1000.

The Cabinet of Ministers expects to receive additional 2.5 million hryvnias from this source. However, T.Vasadze insists that it’s necessary not to increase excises but to introduce order into customs duties.

Other BYuT faction lawmaker Serhiy Pashynskiy spoke against the increase of excises on oil products. The government’s draft law proposes to increase the petrol excise almost twice – up to 110 euro for a ton (at present it makes 60 euro).

“I will insist that they not increase the excise. Having increased their prices, oil traders will get an extraordinary profit”, the MP said.

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President to pay working visit to Donetsk region

Posted by the Editor on October 27, 2008


News / 27 October 2008 | 15:10

President to pay working visit to Donetsk region

On Wednesday, October 29 president of Ukraine Viktor Yushchenko is paying a working visit to the Donetsk region, press office of the president reported.

Yushchenko is supposed to take part in the “Ukraine-Poland” forum and the International investment summit of Donetsk region. Poland‘s president Lech Kaczynski is also taking part in the forum.

The president will deliver speeches, and as a result of the event they will work out principles of economic policy, identify problem issues and determine directions of further Ukrainian-Polish cooperation.

Special attention will be paid to the process of preparation to the Euro-2012. Within the framework of the event the presidents will visit the construction area of the football stadium “Donbass-Arena”, which is to be put in operation next year.

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Ukraine to allot 2.14 million for humanitarian aid

Posted by the Editor on October 27, 2008


News / 27 October 2008 | 14:20

Ukraine to allot 2.14 million for humanitarian aid

Emergency control ministry of Ukraine will get 2.14 million UAH from the reserve fund of the state budget to deliver humanitarian aid to Kyrgyzstan, suffered from an earthquake.

The Cabinet issued the order on October 22 to observe the presidential decree on humanitarian aid for Kyrgyzstan of October 10, 2008.

Emergency ministry must provide purchasing, forwarding and delivery of humanitarian aid to Kyrgyzstan.

Earthquake of October 5 killed 74 citizens of Kyrgyzstan, including children.

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Yushchenko thanked European Parliament despite refuse to recognize the holodomor as act of genocide

Posted by the Editor on October 27, 2008


News / 27 October 2008 | 13:30

Yushchenko thanked European Parliament despite refuse to recognize the holodomor as act of genocide

Yushchenko thanked European Parliament despite refuse to recognize the holodomor as act of genocide

The President of Ukraine Victor Yushchenko expressed gratitude to the European Parliament for the Resolution dated October 23, 2008 on recognition of the Holodomor tragedy of 1932-1933 in Ukraine, the press-service of the President reported.

He sent the appropriate letter to the president of the European Parliament.

“In the name of People of Ukraine I thank you and members of the European Parliament for celebration in honour of millions of our compatriots which became victims of the regime of Stalin,” Yushchenko noted in the letter.

The President stressed that recognition of the Holodomor tragedy of 1932-1933 in Ukraine by the most respected institution in Europe was waited for in Ukraine.

The Head of the Ukrainian state noted that this outstanding event is another sign of solidarity and support of Ukraine in her attempts to tell to the entire world about one of the cruelest tragedies of the XX century.

“Blaming the crimes of the past we prevent from their repeat in future,” Yushchenko stresses.

As a reminder, on October 23 the European Parliament recognized the holodomor as a crime against humanity and expressed regret to the Ukrainian people.

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President to pay working visit to Donetsk region

Posted by the Editor on October 27, 2008


News / 27 October 2008 | 12:40

President to pay working visit to Donetsk region

On Wednesday, October 29 president of Ukraine Viktor Yushchenko is paying a working visit to the Donetsk region, press office of the president reported.

Yushchenko is supposed to take part in the “Ukraine-Poland” forum and the International investment summit of Donetsk region. Poland‘s president Lech Kaczynski is also taking part in the forum.

The president will deliver speeches, and as a result of the event they will work out principles of economic policy, identify problem issues and determine directions of further Ukrainian-Polish cooperation.

Special attention will be paid to the process of preparation to the Euro-2012. Within the framework of the event the presidents will visit the construction area of the football stadium “Donbass-Arena”, which is to be put in operation next year.

ForUm

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IMF offers to bail out Ukraine

Posted by the Editor on October 27, 2008


News / 27 October 2008 | 11:00
IMF offers to bail out Ukraine

IMF offers to bail out Ukraine

The International Monetary Fund (IMF) last night agreed to offer Ukraine up to $16.5bn in loans as the country seeks to “maintain confidence and economic and financial stability”, according to The Independent.Ukraine has been one the worst hit countries in the global financial crisis, with its stock market falling by more than 10 per cent on Friday alone last week, before trading was suspended. It was the third time in a week that the authorities had halted the exchange.

The IMF said that the package would help to meet the balance of payments needs created by the combined effects of a collapse in steel prices and the global credit turmoil.

The IMF`s managing director, Dominique Strauss-Kahn, said: “The authorities` programme is intended to support Ukraine`s return to economic and financial stability, by addressing financial sector liquidity and solvency problems, by smoothing the adjustment to large external shocks and by reducing inflation. At the same time, it will guard against a deep output decline by insulating household and corporations to the extent possible.”

The whole amount offered by the IMF, which has been offered as a two-year standby facility, may not be fully drawn.

The loan is subject to the conditions that the government will set a balanced budget and introduce reforms to support the banking sector.

The move by the IMF follows a $2.1bn loan granted to Iceland last week. Pakistan, Hungary and Belarus are also in talks with the IMF about possible funding.

 

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