In 2012 will Ukraine require UAH 121bn for servicing and repayment of credits, believes Vice PM Serhiy Tihipko. In 2011, UAH 95bn is needed, he added. Tihipko reminded that next year obligations of enterprises, state guarantees and borrowings make up about USD 50bn, out of these USD 15bn are government borrowings. Foreign currency reserves are USD 38bn and if the situation worsens, those borrowings will make a pressure on the reserves, thats when the IMFs funds will be needed. Tihipko pointed out. |
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