For-UA Ukraine English News

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

Archive for May 22nd, 2012

Parliament approved budget resolution for 2013

Posted by the Editor on May 22, 2012


News / 22 May 2012 | 18:10

Parliament approved budget resolution for 2013

Parliament approved budget resolution for 2013

Today, on May 22, the parliament has adopted the budget resolution for 2013 with 240 votes in favour. The document provides for GDP growth at 4.5% in 2013, nominal GDP at 1 687.8 billion hryvnias, inflation forecast at 5.9%, unemployment level at 7% and producer price index at 6.3%. Budget deficit is expected at 0.8-1% of GDP.

The document does not provide for exact data on average annual dollar rate, saying that the currency rate forecast will take into account gradual increase of hryvnias rate flexibility following the restoration of the financial system of the country and the improvement of mechanisms of monetary transmission of interest rate fluctuations.

The document also provides for the list of priority budget programs with President’s message to the parliament on external and internal position of Ukraine. Then follows the national plan of action on realization of economic reforms for 2010-2014, and the third top priority is the state program of economic and social development for 2013.

The Cabinet notes that the given indices can vary after receiving factual data on results of the economic development for 2011 and immediate statistics data on the situation in 2012.

ForUm

Posted in Uncategorized | Leave a Comment »

Foreign Ministry: Ukraine still hopes to host Central European summit

Posted by the Editor on May 22, 2012


News / 22 May 2012 | 17:20

Foreign Ministry: Ukraine still hopes to host Central European summit

Foreign Ministry: Ukraine still hopes to host Central European summit

Ukraine hopes that the Summit of Heads of State of Central Europe, which should have been held in Yalta on 11-12 May, will still take place, Foreign Ministry’s spokesman Oleksandr Dykusarov brifed the press in Kyiv on Tuesday.

“We are definitely going to consult and negotiate with our partners and hope that we will hold it [Central European summit – ed.],” he said.

At the same time Dykusarov did not name a possible date for the high-level meeting. He also recalled that the summit of Central European countries was postponed indefinitely. “It was a balanced decision,” Dykusarov emphasized, UKRINFORM reports.

As reported, due to the inability of European heads of state to attend the 18th Summit of Central European states, Ukraine canceled the summit, which was scheduled for May 11-12 in Yalta.

ForUm

Posted in Uncategorized | Leave a Comment »

NBU governor: State debt of Ukraine down to 36% of GDP

Posted by the Editor on May 22, 2012


News / 22 May 2012 | 16:31

NBU governor: State debt of Ukraine down to 36% of GDP

NBU governor: State debt of Ukraine down to 36% of GDP

Yesterday, May 21 head of the National Bank of Ukraine Serhiy Arbuzov and representatives of IMF European department held a working meeting, ForUm learned from the press office of NBU. During the meeting NBU governor noted that cooperation with IMF remains a strategic task for Ukraine and focused on the progress Ukraine has achieved in the realization of the complex reform strategy, initiated by the President of Ukraine.

Arbuzov pointed out the results, reached for 2011 and the first four months of 2012. According to the official, for this period Ukraine has reached progress in macroeconomic sphere, in particular reduction of inflation. “Annual core inflation has been dropping for eight months now and makes 4.7%. Inflation expectations of enterprises have reached the minimal level for the last six years. The gross domestic product keeps growing: +4.2% in 2010, +5.2% in 2011 and +1.8% for the first four months of 2012,” Arbuzov noted.

NBU governor also stated that the currency exchange rate remains stable, and the participation interest of the National Bank on the currency market makes 1.6% from the year beginning. “Ukraine’s state debt fell to 36% of GDP from 39.9% as of early 2012. There is also certain improvement of the balance of payment condition seen – in March 2012 it returned to positive figures. We saw a fall in the deficit of the current account to 3.4% of GDP in the first quarter of 2012, compared to 4.1% year-over-year,” he added.

“We also take steps to strengthen the role of the accounting rate. We promote our interest-bearing policy, as a result of which the rates of NBU active banking operations have been reduced three times since the year beginning. The accounting rate itself has also been reduced. In addition, NBU has reduced the rate of obligatory reserves, which must be formed by banks on separate accounts of NBU – from 70% to 60%. Starting from May 31 the rate will make 50%, and banks will be able to use released means for daily transactions,” Arbuzov said.

NBU governor pointed out the general improvements in the activity of banks, including the growth of banking system common assets and capital stock, the increase in number of granted loans, the increase in number of household deposits, which proves people’s trust in the banking system, and earnings at the amount of 1.8 billion hryvnais (against 7.7 billion hryvnais of losses in 2011)
The sides also discussed possible risks for Ukrainian economy and methods to minimize them. NBU and representatives of IMF European department agreed to hold at least three more working meetings within the week to fully discuss the cooperation between Ukraine and IMF.

ForUm

Posted in Uncategorized | Leave a Comment »

EU: We have never declared boycott of Euro-2012 in Ukraine

Posted by the Editor on May 22, 2012


News / 22 May 2012 | 16:05

EU: We have never declared boycott of Euro-2012 in Ukraine

EU: We have never declared boycott of Euro-2012 in Ukraine

The European Union has no intention to boycott Euro-2012 in Ukraine, EU Commissioner for Enlargement and European Neighbourhood Policy Stefan Fule said Tuesday.

“The Commission and Council will never use the word ‘boycott’… President Jose Manual Barroso does not intend to visit Ukraine to attend Euro-2012 matches, and his opinion is shared by his colleagues. But take into account that Commissioners takes part in this on personal will, not on a professional duty. It is not a boycott. We are sure that Euro-2012 will be a great success,” the Commissioner said.

Fule also pointed out that this event must be associated with sport, not politics.

ForUm

Posted in Uncategorized | Leave a Comment »

Europe to finance exit-polls during parliamentary elections in Ukraine

Posted by the Editor on May 22, 2012


News / 22 May 2012 | 15:37

Europe to finance exit-polls during parliamentary elections in Ukraine

Europe to finance exit-polls during parliamentary elections in Ukraine

The European Union intends to finance exit-polls during the elections of people’s deputies, EU Commissioner for Enlargement and European Neighbourhood Policy Stefan Fule said Tuesday.

“EU representative office in Kyiv has already started to coordinate actions with EU missions heads on observers’ training or financing exit-polls, which played an important role in the estimation of previous elections, namely the elections of 2004,” he said.

Fule underlined that EU representative office in Ukraine is closely following the key events, being held by Central Election Commission in Ukraine. According to the official, the projects under consideration include assistance in media-monitoring and analysis of party marketing.

ForUm

Posted in Uncategorized | Leave a Comment »

Party of Regions is looking for votes to adopt the law on languages

Posted by the Editor on May 22, 2012


News / 22 May 2012 | 15:07

Party of Regions is looking for votes to adopt the law on languages

Party of Regions is looking for votes to adopt the law on languages

On May 24 the parliament of Ukraine is planning to consider the draft bill on the state language policy, Our Ukraine faction MP Oles Doniy told a briefing.

At the same time Doniy noted that if the draft bill adopted as a whole the Ukrainian language in the cities would be forgotten.

“Under the slogans of liberalism, humanism and democratization they simply state the idea that neither universities nor television will be obliged to use the Ukrainian language in cities with at least 10% Russian speaking population,” the MP said.

In his turn, one of the authors of the draft bill, PR member Vadym Kolesnichenko said that the adoption of the draft bill as a whole is not on the table. He explained that between the first and second reading the MPs can introduce changes to the draft bill. “However, the PR and Communist party factions will support this draft bill,” he said.

Kolesnichenko also informed that the authors of the draft bill are holding talks with other deputies. “I think we will find enough number of votes to pass the draft bill in its first reading,” he said and added that the preparation procedure for the second reading will be shortened.

ForUm

Posted in Uncategorized | Leave a Comment »

Cabinet to control closely the food quality for children

Posted by the Editor on May 22, 2012


News / 22 May 2012 | 14:54

Cabinet to control closely the food quality for children

Cabinet to control closely the food quality for children

Every negative episode regarding alimentation in children’s camps and schools will be considered as an emergency situation, Prime Minister Mykola Azarov said at a meeting with representatives of public organizations on children’s rights protection, ForUm correspondent reports.

“We have all possibilities to provide normal alimentation for children in the country. Failures and poisoning cases happen due to carelessness and irresponsibility, and we will root it our mercilessly,” Azarov said.

ForUm

Posted in Uncategorized | Leave a Comment »

PM Azarov urges to modernize the system of children’s camps

Posted by the Editor on May 22, 2012


News / 22 May 2012 | 14:48

PM Azarov urges to modernize the system of children's camps

PM Azarov urges to modernize the system of children’s camps

Within three-five years the Cabinet of Ministers of Ukraine plan to fully modernize the infrastructure of children’s camps, Prime Minister Mykola Azarov said at a meeting with representatives of public organizations on children’s rights protection, ForUm correspondent reports.

According to the PM, for the years of independence Ukraine has lost tens of children’s summer recovery camps. “If in 1990 there were enough places for 470 thousand children to visit simultaneously, last year there was room only for less than 200 thousand, while we have more than eight million children of school age,” the Premier said.

“The majority of camps are of Soviet times. They are not adapted and need reconstruction,” Azarov said and added that nevertheless the government manages to improve the provision of recovery and summer camps for children. The PM specified that this year the government would allocate about one billion hryvnais for this initiative.

Azarov informed that the Cabinet sets three principle tasks. “The first one is to provide high-quality holidays for maximum number of children. The second one is to focus on recovery of socially vulnerable children (orphans, invalid, Chornobyl victims). As for the third, in 2012 the government starts modernization of the net of children’s camps,” the Premier said.

ForUm

Posted in Uncategorized | Leave a Comment »