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Archive for October, 2008

Poland is ready to replace Ukraine with Germany for Euro-2012

Posted by the Editor on October 31, 2008

News / 31 October 2008 | 10:50

Poland is ready to replace Ukraine with Germany for Euro-2012

Germany could co-host Euro 2012 with Poland should original co-organisers Ukraine prove unable, new Poland football federation president Grzegorz Lato said on Thursday.

‘Germany could join it (the plan to organise Euro 2012),’ Lato told Polish television when asked him what could happen should Ukraine be unable to honour their original commitment.

Earlier on Thursday, Ukraine Euro 2012 tournament organiser Evgeny Villinsky said financial problems had meant Ukraine’s preparations to host the tournament hade come to a halt.

Mr Villinsky added, according to the Interfax-Ukraine news agency, that the world-wide financial crisis and ill-advised management were the reasons for the stopping of work to prepare for the tournament.

Lato added however that Poland would be able to organise it by themselves though expressed his hope that ‘Ukraine would be able to finish the preparations in time.’


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Yushchenko, Tymoshenko to meet Belgium PM

Posted by the Editor on October 31, 2008

News / 31 October 2008 | 10:00

Yushchenko, Tymoshenko to meet Belgium PM

October 31, 2008 president of Ukraine Viktor Yushchenko is meeting prime minister of Belgium Yves Leterme.

The officials will discuss bilateral cooperation in political, economic and humanitarian spheres, in particular Belgium‘s support of Ukraine‘s aspirations to join European structures,

Ukraine‘s president will also raise the question of observing of the agreement on simplification of the visa regime between Ukraine and Belgium, press office of the president reported.

Yushchenko is also planning to touch the question concerning Belgium‘s support of Ukraine‘s attempts on international recognition of Holodomor 1932-33 as genocide of Ukrainian nation.

The same day prime minister of Ukraine Yulia Tymoshenko is also holding talks with premier Yves Leterme, who is Ukraine with an official visit, press office of the government reported.

The officials will meet tête-à-tête first, and then will hold talks with other officials and a press conference for Ukrainian and Belgium mass medias.


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Sevastopol youth organization wants to ban “Russian march”

Posted by the Editor on October 30, 2008

News / 30 October 2008 | 17:43

Sevastopol youth organization wants to ban “Russian march”

Sevastopol city organization of Youth Union Our Ukraine” addressed the city authorities with a request “to ban “Russian march” planned for November 4 by fascist organization in Sevastopol.”

The press office of the Union informed that such action can cause fights between extremist and radical organizations and will assist in propaganda of racist and anti-Ukrainian ides in Crimea.

“We call the local authorities and law enforcement bodies to ban the anti-Ukrainian fascist Sabbath under the name of “Russian march” in order to prevent acts of hooliganism and to protect citizens of Sevastopol from extremists’ provocations,” the request of the Union says.

According to young “Our Ukrainians”, organizers of the so-called “Russian march” are going to use the action “to propagandize man-hating fascist and racist ideas, as well as to deny Ukraine‘s independence and Ukrainian status of Sevastopol.”


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Staff of Security Service to be reduced

Posted by the Editor on October 30, 2008

News / 30 October 2008 | 16:50

Staff of Security Service to be reduced

Till the end of the current year the staff of the Security Service of Ukraine will be reduced by 15%. Valentyn Nalyvaychenko, acting chairman of the Security Service of Ukraine stated today at the press conference in Donetsk.

According to Nalyvaychenko, “till the end of this year the staff of the Security Service of Ukraine will be reduced by 15%”.  

Valentyn Nalyvaychenko explained that “Staff reduction means that people must not go to the street, but working places, corresponding social benefits and payments from the budget must be performed to them”.


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Tymoshenko should better read Lenin – Pliushch

Posted by the Editor on October 30, 2008

News / 30 October 2008 | 16:00

Tymoshenko should better read Lenin – Pliushch

MP Ivan Pliushch in his interview to Obkom called the Ukrainian Prime Minister a “possessed woman”, and a “mainspring”. “You know, for all the 10 years that I’ve known her (in different  roles), she has been permanently working over herself. She does not allow herself to relax”, the politician stressed.

Asked what he would recommend the Prime Minister to read, Ivan Pliushch said: “Whether she wants it or not, she should read Marx and Lenin. If Yulia Volodymyrivna read “The Development of Capitalism in Russia”, the first work of Lenin that he was writing for ten years, since 1983, she would understand Lenin and she would understand the agricultural sector of Russia and the today’s specific weight of Ukraine. He wrote as follows: Russia is an agricultural country, and its future will depend on the way its agricultural sector develops. There is a large experience. It may be divided into two mainstreams – Prussian (collective) and American (farming). Of course, the second way is more efficient, but it does not work in Russia. Because it will give birth to an army of wealthy peasants. A wealthy peasant is a ground for appearing of a small bourgeoisie. And the small bourgeoisie will never comprehend ideas of the socialist revolution, That is why, Lenin writes, we will follow the Prussian way”.


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Six political forces would enter parliament – poll

Posted by the Editor on October 30, 2008

News / 30 October 2008 | 15:10

Six political forces would enter parliament – poll

Six political forces would enter the parliament if the election took place in the nearest Sunday.These are results of a poll carried out by the National Institute of Strategic Research publicized at a press conference in UNIAN on Thursday.ForUm

According to the results of the poll, some 21.2% of those polled would vote for the Party of Regions, some 20.7% – for the Bloc of Yulia Tymoshenko, some 6.9% – for Lytvyn’s Bloc, some 6.7% – for Our Ukraine. A probable political force headed by Arseniy Yatseniuk would receive some 5.4%, and the Communist Party would receive some 4.6% of votes.

All the other political forces would receive less than 3% of votes.

Some 4.4% of those polled would vote against all, some 8.5% said they would not take part in the election, and some 10.6% could not answer the question.

The poll was carried out on October 20-24. 2013 respondents in all regions of Ukraine were polled. The error margin does not exceed 2.3%.

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Regionals are satisfied with Stelmakh

Posted by the Editor on October 30, 2008

News / 30 October 2008 | 13:20

Regionals are satisfied with Stelmakh

The Party of Regions faction does not see any reasons to express distrust to the head of the National bank of Ukraine Volodymyr Stelmakh.

The first deputy chairman of the PR faction Oleksandr Yefremov informed.

“We have not reasons to express distrust to the head of the NBU,” he said, answering the journalists question whether the PR intends to support draft law on distrust to Stelmakh in case such draft law is submitted to the VRU.

MP explained that at recent session of the factions leaders with the PM and NBU head, position of Stelmakh did not coincide with the position of the government.

According to Yefremov, in case of reasonable financial policy the state can find a solution of the economic crisis with minimal losses.

As a reminder, the BYuT intends to initiate resignation of the head of the NBU Volodymyr Stelmakh.


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Cranes fall silent in Ukraine as residential construction halts

Posted by the Editor on October 30, 2008

News / 30 October 2008 | 11:35

Cranes fall silent in Ukraine as residential construction halts

The property market in Ukraine is struggling with idle cranes dominating the Kiev skyline showing that most construction has stopped, according to PropertyWire.Having secured a deal with the International Monetary fund to shore up its faltering economy one of the worst hit sectors in Ukraine is residential property.

There are few buyers who can qualify for mortgages at current interest rates and loans from banks are scarce. As a result, developers are scrambling to raise financing for their construction projects, particularly residential, and halting work.

`The state of residential development in Ukraine is very bad. Some 75% of Ukrainians cannot qualify for bank loans and, at the same time, developers cannot secure loans on favorable terms to continue construction,` said Sergiy Maksimov, president of VAB Bank.

One struggling developer, Kiev based XXI Century which traded on the London Stock Exchange`s Alternative Investment Market, has lost more than 80% of its value since July. It has tried to sell some of its projects in the pipeline to raise cash, but thus far few buyers can be found.

The current slump ends seven years of dramatic growth for the property sector in Ukraine, during which more than one million square meters of fresh residential space were constructed annually and yearly prices surged by double digits.

The Mirax Group, a Russian developer, has halted work on its $500 million project to build Ukraine`s tallest building. Construction could resume next spring if the world financial crisis passes, a company spokesman said.

Industry experts expect falling prices. `We expect a drop of nearly 20% in the secondary and mid-class housing markets by the end of the year. Some are even predicting a 25 percent correction,` said Terry Pickard, chairman of NAI Pickard.

Experts predict the commercial property sector to do better. The amount of office, retail and warehouse space in Kiev is among the lowest per capita in Europe. As a consequence, rental rates for commercial real estate in Ukraine far exceed the European average.

`Due to the intrinsic supply and demand disequilibrium in Ukraine`s office and retail space segments, commercial real estate will weather the world-wide liquidity storm relatively well compared to the residential market,` said Sergiy Sergiyenko of CB Richard Ellis.

Gerald Bowers, general director EFG Property Services, a property investment, development and management group active in Eastern Europe, believes developers will increasingly move away from the capital city to regional cities where it is cheaper to build and there is growing demand.

`The residential market has calmed. Prices are not increasing. But prices have not deteriorated because the demand is still there. We are not going to see, as people say, the bubble burst,` he added.


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