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Archive for March 6th, 2009

Turkish company Onur promotes implementation of social projects in Ukraine

Posted by the Editor on March 6, 2009


News / 6 March 2009 | 17:32

Turkish company Onur promotes implementation of social projects in Ukraine

Gasification of the village of Staryi Korets in Rivne region (West Ukraine) has been promoted by the Turkish company Onur that carries out reconstruction of a highway sector Kyiv-Chop within the frames of implementation of the project on preparation to UEFA Euro-2012, UKRINFORM correspondent reports.

According to Deputy Chairman of the Korets District State Administration Serhiy Cherniy, the foreign company registered on the territory of the Zhadkiv Village Council assisted in repairs of the road pavement and placed 104 local residents in a job. The company also makes considerable payments to the local budget.

Thanks to its activities the volume of investments into the economy grew 24 fold.

Turkish specialists are involved also in carrying out sports festivals: recently they participated in the international football tournament jointly with Ukrainian and Polish teams.

ForUm

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Congratulation of Prime Minister of Ukraine Yulia Tymoshenko on the 8-th of March

Posted by the Editor on March 6, 2009


News / 6 March 2009 | 16:40

Congratulation of Prime Minister of Ukraine Yulia Tymoshenko on the 8-th of March

Congratulation of Prime Minister of Ukraine Yulia Tymoshenko on the 8-th of March

On the eve of the Women’s Day Prime Minister Yulia Tymoshenko congratulated all women with their holiday.

Dear Women!

 

From the depths of my heart I want to congratulate You on the holiday of the 8-th of March – a holiday of Spring, Love, Hope and Beauty!

Today in the country, I must admit, the life is not easy. I know all this very well. That’s why so significant is this holiday for all of us – every smile, every kind and warm glance, every word said from the depths of the heart, every action made with love and from the heart.

The 8-th of March is the day when our beloved men are cooking such awaited breakfasts for us, present flowers and gifts. And this attention is very significant for us. 

It inspires us, gives us new strength which is essential, as just nowadays a huge responsibility is laid on us to ensure warmth and comfort in our homes.

And no matter which difficulties we face, which problems we see, I know all Ukrainian Women are the most charming and the strongest in the world! And they will face all the problems with honour and dignity.

Good holidays to You, my dear! I love and hug all of You.

I wish You Spring, Hope, Best Expectancies! May all your dreams come true!

 

Believe me, everything will be great!

ForUm

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Coalition defined candidature for Foreign Minister of Ukraine

Posted by the Editor on March 6, 2009


News / 6 March 2009 | 15:50

Coalition defined candidature for Foreign Minister of Ukraine

Coalition defined candidature for Foreign Minister of Ukraine

Our Ukraine faction leader Mykola Martynenko told journalists that the coalition had agreed a candidature for the post of Foreign Minister of Ukraine, ForUm’s correspondent reported.

“According to the Constitution the coalition suggests the candidature of Borys Tarasyuk. The decision was made unanimously. We don’t deny the right of the President to nominate this candidate in the parliament, but we want this question to be settled as soon as possible. We give a signal that we want to cooperate and ask the President the same in return,” he said and added that an official letter on Tarasyuk’s candidature had been sent to the President.

Martynenko also noted that the coalition hoped for Tarasyuk to agree. “We keep persuading Borys Tarasyuk, and I think he would give a positive answer on this question,” OU faction leader said.

ForUm

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Ukrainian Parliament approved action plan on implementing UN convention on child’s rights

Posted by the Editor on March 6, 2009


News / 6 March 2009 | 15:00

Ukrainian Parliament approved action plan on implementing UN convention on child’s rights

The Verkhovna Rada has passed a law on the national program, entitled “The national action plan on implementing the United Nations Convention on the Rights of the Child until 2016.”

The program aims at ensuring the optimal functioning of the integral system of protecting children’s rights in Ukraine, taking into account the United Nations Millennium Development Goals and a strategy of the final document, entitled “A World Fit for Children,” which was passed at a UN General Assembly Special Session on Children.

ForUm

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Ukraine’s economy may rebound relatively quickly in 2010, says Standard & Poor’s

Posted by the Editor on March 6, 2009


News / 6 March 2009 | 14:10

Ukraine’s economy may rebound relatively quickly in 2010, says Standard & Poor’s

Ukraine’s economy may rebound “relatively quickly” next year after a sharp contraction in 2009, helped by exports, according to Frank Gill, Standard & Poor’s primary credit analyst.

Ukraine’s economy may expand 4.5% in 2010, compared with the 12% contraction expected this year, he said in a phone interview with the Bloomberg news agency from London.

“We see the potential for a relatively quick rebound next year, Gill said, adding that “the outlook remains highly uncertain, as it hinges on external demand for metals, as well as metals prices.”

“Ukraine is facing shocks that would damage any economy. Prices for chemicals and steel have declined sharply, while import prices are being pushed higher by rising natural gas tariffs and the exchange rate depreciation. At the same time, the ongoing political uncertainty is very unhelpful,” the analyst said.

S&P cut Ukraine’s credit rating to CCC+, seven levels below investment grade and the lowest grade in Europe, on February 25, saying political turmoil poses risks to crediting. S&P left the outlook negative, indicating a possible further cut. Ukraine has been forced to turn to the International Monetary Fund help to avoid a default, stabilize the banking system, and aid its currency. The Washington-based lender approved a $16.4 billion loan and gave an emergency handout of $4.5 billion in November. The government’s plans to run a state budget deficit of 5% of gross domestic product have jeopardized the second installment, which was expected on February 15.

“It is not clear how strong the commitment of the Ukrainian authorities is to implement the IMF program. Government debt is quite low, though rising significantly, but the willingness to pay the debt is not clear ahead of the presidential elections,” Gill said.

S&P expects the hryvnia’s rate to weaken further, Gill said. Ukraine’s national currency has lost more than 40 percent against the dollar in the last six months.

“The hryvnia depreciation will further drive the deterioration of the banks’ asset quality, and that is ultimately going to raise sovereign debt levels, as the government will need to recapitalize local banks,” he said.

Further “exchange rate depreciation raises the risk of bank and corporate defaults and rescheduling,” said Gill. Still, “in the long-term perspective, it will help the economy to be more competitive as balance sheets are freed up again,” he said.

S&P expects Ukraine’s current-account deficit to shrink to 2% of gross domestic product by the end of 2009, compared with 6.7% last year, said Gill.

ForUm

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Ukraine’s economy may rebound relatively quickly in 2010, says Standard & Poor’s

Posted by the Editor on March 6, 2009


News / 6 March 2009 | 14:10

Ukraine’s economy may rebound relatively quickly in 2010, says Standard & Poor’s

Ukraine’s economy may rebound “relatively quickly” next year after a sharp contraction in 2009, helped by exports, according to Frank Gill, Standard & Poor’s primary credit analyst.

Ukraine’s economy may expand 4.5% in 2010, compared with the 12% contraction expected this year, he said in a phone interview with the Bloomberg news agency from London.

“We see the potential for a relatively quick rebound next year, Gill said, adding that “the outlook remains highly uncertain, as it hinges on external demand for metals, as well as metals prices.”

“Ukraine is facing shocks that would damage any economy. Prices for chemicals and steel have declined sharply, while import prices are being pushed higher by rising natural gas tariffs and the exchange rate depreciation. At the same time, the ongoing political uncertainty is very unhelpful,” the analyst said.

S&P cut Ukraine’s credit rating to CCC+, seven levels below investment grade and the lowest grade in Europe, on February 25, saying political turmoil poses risks to crediting. S&P left the outlook negative, indicating a possible further cut. Ukraine has been forced to turn to the International Monetary Fund help to avoid a default, stabilize the banking system, and aid its currency. The Washington-based lender approved a $16.4 billion loan and gave an emergency handout of $4.5 billion in November. The government’s plans to run a state budget deficit of 5% of gross domestic product have jeopardized the second installment, which was expected on February 15.

“It is not clear how strong the commitment of the Ukrainian authorities is to implement the IMF program. Government debt is quite low, though rising significantly, but the willingness to pay the debt is not clear ahead of the presidential elections,” Gill said.

S&P expects the hryvnia’s rate to weaken further, Gill said. Ukraine’s national currency has lost more than 40 percent against the dollar in the last six months.

“The hryvnia depreciation will further drive the deterioration of the banks’ asset quality, and that is ultimately going to raise sovereign debt levels, as the government will need to recapitalize local banks,” he said.

Further “exchange rate depreciation raises the risk of bank and corporate defaults and rescheduling,” said Gill. Still, “in the long-term perspective, it will help the economy to be more competitive as balance sheets are freed up again,” he said.

S&P expects Ukraine’s current-account deficit to shrink to 2% of gross domestic product by the end of 2009, compared with 6.7% last year, said Gill.

ForUm

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Ukraine’s economy may rebound relatively quickly in 2010, says Standard & Poor’s

Posted by the Editor on March 6, 2009


News / 6 March 2009 | 14:10

Ukraine’s economy may rebound relatively quickly in 2010, says Standard & Poor’s

Ukraine’s economy may rebound “relatively quickly” next year after a sharp contraction in 2009, helped by exports, according to Frank Gill, Standard & Poor’s primary credit analyst.

Ukraine’s economy may expand 4.5% in 2010, compared with the 12% contraction expected this year, he said in a phone interview with the Bloomberg news agency from London.

“We see the potential for a relatively quick rebound next year, Gill said, adding that “the outlook remains highly uncertain, as it hinges on external demand for metals, as well as metals prices.”

“Ukraine is facing shocks that would damage any economy. Prices for chemicals and steel have declined sharply, while import prices are being pushed higher by rising natural gas tariffs and the exchange rate depreciation. At the same time, the ongoing political uncertainty is very unhelpful,” the analyst said.

S&P cut Ukraine’s credit rating to CCC+, seven levels below investment grade and the lowest grade in Europe, on February 25, saying political turmoil poses risks to crediting. S&P left the outlook negative, indicating a possible further cut. Ukraine has been forced to turn to the International Monetary Fund help to avoid a default, stabilize the banking system, and aid its currency. The Washington-based lender approved a $16.4 billion loan and gave an emergency handout of $4.5 billion in November. The government’s plans to run a state budget deficit of 5% of gross domestic product have jeopardized the second installment, which was expected on February 15.

“It is not clear how strong the commitment of the Ukrainian authorities is to implement the IMF program. Government debt is quite low, though rising significantly, but the willingness to pay the debt is not clear ahead of the presidential elections,” Gill said.

S&P expects the hryvnia’s rate to weaken further, Gill said. Ukraine’s national currency has lost more than 40 percent against the dollar in the last six months.

“The hryvnia depreciation will further drive the deterioration of the banks’ asset quality, and that is ultimately going to raise sovereign debt levels, as the government will need to recapitalize local banks,” he said.

Further “exchange rate depreciation raises the risk of bank and corporate defaults and rescheduling,” said Gill. Still, “in the long-term perspective, it will help the economy to be more competitive as balance sheets are freed up again,” he said.

S&P expects Ukraine’s current-account deficit to shrink to 2% of gross domestic product by the end of 2009, compared with 6.7% last year, said Gill.

ForUm

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Tymoshenko does not want to speak about her participation in presidential election

Posted by the Editor on March 6, 2009


News / 6 March 2009 | 13:20

Tymoshenko does not want to speak about her participation in presidential election

Tymoshenko does not want to speak about her participation in presidential election

Prime Minister of Ukraine Yulia Tymoshenko says that, taking into consideration the possibility of introducing amendments into Constitution regarding parliamentary or presidential form of government, she does not want to speak about her participation in the presidential election.

She said in the interview to “La Croix” French newspaper.

She noted that the presidential campaign has not started in Ukraine yet, but pointed out that there has been a political competition in Ukraine since 2005, where she also takes part as a leader of the political party.

The Prime Minister also noted that now the government works “day and night” in order to overcome the economic crisis and she does not have time to think about the presidential campaign now. According to her, she might do it a little bit later.

ForUm

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