PM: Ukraine needs to pay USD 11bn in debts this year.

By bne IntelliNews April 1, 2011
Ukraine has to pay off USD 11bn in debts this year, PM Mykola Azarov has announced. According to FinMin in Jan-Feb, the amount of government debt rose by 3.12% to USD 56.204bn. The increase in debt is attributed to a rise in foreign exchange rates against the hryvnia, Eurobonds issue in 2010 at USD 100mn and bond issue in 2011 of USD1.5bn. Azarov also announced that VAT refunds in Q1 amounted to UAH 11bn.

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