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Archive for January 2015

  • European Bank for Reconstruction and Development downgraded the outlook for the fall of the Ukrainian economy up to 5%

    European Bank for Reconstruction and Development has downgraded the outlook for the fall of the gross domestic product of Ukraine in 2015 to 5% in comparison with its latest estimate of 3% in September last year. This is stated in the publication of the bank «Regional economic outlook». The document…

  • The EU will provide Ukraine 1.8 billion euro loan

    The EU will provide Ukraine a loan of 1.8 billion euros. This was agreed by EU finance ministers and did not rule out the possibility of increasing funding in the future. A number of EU countries, including the UK, offered to provide Ukraine with 2.6 billion euros in medium-term loans…

  • Ukraine will receive from Canada additional $ 52 million

    Canada intends to provide Ukraine with an additional $ 52 million to support number of projects. This was announced by Minister of International Trade of Canada Ed Fast at joint briefing with the Minister of Economic Development and Trade of Ukraine Aivaras Abromavicius in Kiev on Monday, January 26th. «Today…

  • Ireland ratified the Association Agreement between Ukraine and EU

    Ireland became the 14th country to ratify the Association Agreement. Ireland ratified the Association Agreement between Ukraine and the European Union. This was announced by Minister of Foreign Affairs of Ukraine Pavel Klimkin in his Twitter on Wednesday, January 28.  

  • Poland will provide to Ukraine 10-year loan program to 100 million euros

    The Government of Poland has decided to allocate Ukraine credit assistance of 100 million euros for reconstruction projects Donbass and reforms. In addition, at the meeting with President Petro Poroshenko Prime Minister of Poland Ewa Kopacz announced the decision of the Polish side to allocate 500 additional scholarships for students…

  • The World Bank downgraded the outlook for economic decline in Ukraine

    The World Bank lowered its estimate of the fall of Ukraine’s GDP in 2014 to 8.2% in comparison with its latest estimate of 8% in October, according to the publication «Global Economic Prospects». «Ukraine’s economy is facing the prospect of high level of uncertainty in the baseline scenario which assumes…

  • Ukraine will receive IMF loan in February

    The International Monetary Fund can give Ukraine the money immediately after the end of the mission. Upon completion of the IMF mission in Kiev the IMF can provide financial assistance to Ukraine in February.  IMF may alleviate some of the requirements for exchange rate flexibility, non-interference in the formation of…

  • Ratification by all European countries of the Association Agreement in Ukraine and the EU could be completed before 2016.

    Deputy Head of the Presidential Administration of Ukraine Valeriy Chaliy considers possible completion until 2016 ratification of the Association Agreement between Ukraine and the European Union all EU countries. «12 countries have already ratified the agreement on association and if this will continue even in this year you can go…

  • IMF consider Ukraine’s request to replace the program stand by larger and long-term program extended fund facility

    Ukrainian authorities have requested the International Monetary Fund to open new multi-year program support the expansion of credit (extended fund facility) to replace the existing program stand by (two-year program with a deadline for completion in 2016 and funding of $ 17 billion) opened in the spring of 2014, said…

  • Ukraine had a record grain harvest in 2014

    According to preliminary data in 2014 Ukraine has collected nearly 63.8 million tons of grain and leguminous crops which is 2.4% more than in 2013 according to State Statistics Service of Ukraine. According to the statistics service  including threshed wheat in the last year increased by 9.9% – to 24.1…

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