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Archive for January 19th, 2011

Tymoshenko: I want to see all those involved in the monetary scams

Posted by the Editor on January 19, 2011


News / 19 January 2011 | 16:46

Tymoshenko: I want to see all those involved in the monetary scams

Tymoshenko: I want to see all those involved in the monetary scams

Batkivshchyna Party leader Yulia Tymoshenko is demanding that the management of the National Bank of Ukraine report the amount of money issued in 2010, in accordance with the law on access to public information passed by parliament.

“I know that after my statement yesterday there was an outburst of emotion from the National Bank and Azarov’s government. Therefore, I would like to ask the chairman of the National Bank of Ukraine, particularly given the adoption of the law on access to information that our political party initiated, to officially, publicly, openly state how much money was printed in 2010,” Yulia Tymoshenko said today after her latest interrogation at the Prosecutor General’s Office, according to the official website.

Yulia Tymoshenko said that she will demand that the Prosecutor General’s Office open an investigation into the unnecessary emission of money in order to establish who in the government is responsible for the current financial and credit policy. “If the head of the National Bank truly controls National Bank policy, if he realizes the importance of the position he holds, then he will release figures on the amount of money printed in 2010,” she said.

“Don’t get the impression that I don’t understand who today is in charge of the prosecutor’s office and whether they will understand the circumstances of the case. I have no illusions. I simply want to see all the accomplices to this crime here in the Prosecutor General’s Office. If they’re going to cover up a crime of such magnitude as the unnecessary printing of money that can destroy Ukraine economically and financially, then they are all complicit in this crime,” she added.

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Ukraine must repay debt of 88 billion UAH in 2011

Posted by the Editor on January 19, 2011


News / 19 January 2011 | 14:55

Ukraine must repay debt of 88 billion UAH in 2011

Ukraine must repay debt of 88 billion UAH in 2011

Ukraine will have to repay 88 billion UAH (1 USD – 7.94 UAH) of its debts in 2011, Prime Minister Mykola Azarov said on the air at TV Channel 5, UKRINFORM reported.

He noted that of this amount, the Cabinet will have to repay, in particular, 4 billion UAH of the debt that was borrowed in the January-February 2010 under the “tremendous interest” – 28% per annum.

“We have to live with debts for another few years, because the loans that were made are forcing us now to borrow for not to cut social spending, not to reduce the country’s development programs. But we borrow on completely different conditions (at low interest rates – ed.),” he said.

The Premier stressed that the government replaces expensive borrowings with cheaper, and in terms of settlement of accounts, 2012 and 2013 will be easier than 2010 and 2011.

The Prime Minister also noted that, to cover the budget deficit in 2011, it will be necessary 32 billion UAH less of borrowings than in 2010.

According to the Ministry of Finance of Ukraine, public and publicly guaranteed debt of the country in January-November 2010 rose by 30% to 411 billion 793.093 million UAH or 51 billion 876.177 million U.S. dollars.

Experts predict a rise in public debt in 2011 to 45% of GDP and its stabilization at around 40% in 2012 due to GDP growth (4.5% in 2011 and 7% in 2012).

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PACE co-rapporteurs welcome adoption of Law on Access to Public Information in Ukraine

Posted by the Editor on January 19, 2011


News / 19 January 2011 | 14:00

PACE co-rapporteurs welcome adoption of Law on Access to Public Information in Ukraine

PACE co-rapporteurs welcome adoption of Law on Access to Public Information in Ukraine

PACE co-rapporteurs for Ukraine Mailis Reps (ALDE, Estonia) and Marietta Pourbaix-Lundin (EPP/CD, Sweden), welcomed today’s adoption by the Verkhovna Rada of the Law on Access to Public Information.

“The adoption of this law, which was called for by the Assembly, takes into account recommendations made by the international community and civil society, and will increase the transparency of governance and will be an important tool in the fight against corruption”, they said, PACE press office informed.

They also expressed their hope that the law will now soon be signed into force by President Yanukovich.

The co-rapporteurs intend to make a visit to Ukraine in the first half of April 2011.

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Tymoshenko requests that criminal case against her be dropped

Posted by the Editor on January 19, 2011


News / 19 January 2011 | 12:46

Tymoshenko requests that criminal case against her be dropped

Tymoshenko requests that criminal case against her be dropped

Batkivshchyna Party leader and former Prime Minister Yulia Tymoshenko has requested that the Prosecutor General’s Office close the criminal case against her due to the absence of elements of a crime.

“According to the law, the investigators have three days to respond to my request. I trust they understand the absurdity of the accusations,” Yulia Tymoshenko said after leaving the prosecutor’s office today.

Yulia Tymoshenko said that during today’s nearly five-hour interrogation she was forced to explain the principles of the single treasury account.

“For five hours I gave a master class to the employees of the Prosecutor General’s Office on how the state budget works, how the single treasury account works, and how loans are given to the pension fund. I think they finally understood that pensions were paid with loans from the state budget, but this is strictly stipulated in law on the state budget, and it has nothing to do with spending Kyoto Protocol money,” she said.

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PACE president supports lifting of monitoring from Ukraine

Posted by the Editor on January 19, 2011


News / 19 January 2011 | 11:01

PACE president supports lifting of monitoring from Ukraine

PACE president supports lifting of monitoring from Ukraine

On Tuesday, Volodymyr Lytvyn, Chairman of The Verkhovna Rada of Ukraine, met PACE President Mevlüt Çavusoglu in Istanbul within his official visit to the Republic of Turkey, according to the press office of the Verkhovna Rada.

The Head of the Ukrainian Parliament expressed his gratitude to M. Çavusoglu for the ongoing dialogue.

In April, Ukraine takes over the presidency in the Committee of Ministers of the Council of Europe. According to V.Lytvyn, it plans to consolidate and develop the achievements of Turkey in this respect. The Head of the Ukrainian Parliament stressed that the coming presidency of Ukraine in the Committee of Ministers of the Council of Europe spurs it on the rapid fulfillment of the commitments to the Council of Europe in part of the necessary legislative decisions. He expects Ukraine to enter a post-monitoring stage, as “we have treated the PACE recommendations seriously and responsibly.”

In his turn PACE President conveyed his willingness to support the initiatives of Ukraine. “As the PACE President and a deputy of a friendly state, I declare my willingness to support all the initiatives of Ukraine,” he stated.

Çavusoglu attaches great importance to the role of Ukraine in the parliamentary activity of the Council of Europe. He is satisfied with the work of the Ukrainian delegation in PACE and advocates a speedy withdrawal from Ukraine of PACE monitoring and transition to post-monitoring phase.. On behalf of the Council of Europe and PACE, he expressed his support “to the reforms in Ukraine, as Ukraine has finally established political sustainability and stability in the Parliament.”

He stated, “We wish that monitoring were lifted from Ukraine as soon as possible.” In September 2010, the PACE President announced Ukraine’s request for removal of monitoring due to the fact that in May-November 2011 the country will preside the Council of Europe.

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