The International Monetary Fund's (IMF) Mission is planning to visit Ukraine from Feb 1-11 for meeting authorities and holding talks on the second review under the Ukraine - IMF stand-by arrangement (SBA), reads a statement made by the IMF Resident Representative in Ukraine Max Alier. In late 2010, the IMF board of directors decided to allocate Ukraine with second tranche of the stand-by loan arrangement of USD 1.5bn (total amount of the borrowing USD 15.15bn). According to John Lipsky, First Deputy Managing Director and Acting Chair, Ukraine's satisfactory performance under the economic program supported by the stand-by arrangement, along with strong policy commitments for the coming year, are supporting a steady recovery in confidence and broadening of economic activity. Ukraine's 29-month SBA was approved on July 28, 2010, in the amount of SDR 10bn (USD 15.3bn) in support of the authorities economic adjustment and reform programme. |
In 2012, Metro Cash&Carry Ukraine, which is a retail division of the Metro Group (Germany), raised sales by 10.9% y/y to EUR 877mn, the company said. The company opened two new wholesale ... more
The Naftogaz Ukrainy has repaid UAH 2.4bn worth of loans so far in 2013. The company was able to repay this amount of loans because of economy of natural gas in all areas of its operation, ... more
The European Commission recommends Ukraine to focus on meeting its commitments under the association agenda, reads the ENP Country Progress Report 2012 - Ukraine released on Wednesday. In ... more