Ukraine has not yet used a USD 2bn tranche of a loan allocated by the International Monetary Fund (IMF), PM Mykola Azarov has said, while presenting the draft Tax Code. The USD 1bn is at the National Bank of Ukraine to support national reserves, while the rest is at the State Treasury. Earlier, the IMF Executive Board approved the allocation of a USD 15.15bn loan to Ukraine to help the authorities conduct reform and resolve economic problems. The loan should be repaid in 29 months. Ukraine immediately received a tranche of USD 1.89bn, whereas the next tranches will be allocated on the basis of quarterly reviews of the Stand-By Arrangement with the IMF. |
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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