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  Politics 
8 of September, 14:03

Poroshenko: Kiev not allow the default of Ukraine
The head of Ukraine Petro Poroshenko said that the overall efforts of the Ukrainian authorities would prevent a default on the country and conduct macro-financial stabilization.
"despite the devastating military shock to the economy we as a unified team didn't allow a default, provided macro-financial stabilisation and currently, as soon as there's a little possible, take the 1st step to improving social standards ", - Poroshenko appealed to the government members at the expanded meeting.
The Ukrainian leader Also confident that Parliament will support the government's proposals to increase pensions and wages for Residents of Ukraine, RIA " Novosti ". In addition, the Director has assured that the country will not become experts predicted hyperinflation. According to Poroshenko, the recent agreement with creditors (including write-off part of the external debt and the deferred repayment of principal) will greatly ease the burden on the state budget of Ukraine for the next four years. The Ukrainian leader said that in the country there is a tendency "to the revival of business activity," and the economy "that's it" starts to grow. Because of the deferred payments on the foreign debt of Kiev had opportunities and time "to reform the state and the way out of the difficult situation into which we were driven into war," reminded Poroshenko. Remember, just Tuesday, it was announced on the consent of Poland to grant Ukraine a loan of 100 million euros for the financing of export items and services from Poland to the Ukraine, and among them, for modernization of the transport cross-border infrastructure and the construction of the Ukrainian-Polish border crossings. On Thursday, the Minister of Finance of Ukraine Natalie Jaresko has signed with a member of the Board of the German state Bank KfW agreement, under which Kiev will be predostawlenija 200 million euros for the payment of compensation to depositors of bankrupt credit institutions. On Wednesday the Verkhovna Rada ratified the Treaty with Japan on loan for 900 million dollars to upgrade Bortnychi wastewater treatment in Kiev. The Minister of Finance of Ukraine Natalie Jaresko said that credit and financial assistance in the amount of $ 40 billion, which Western Nations have promised to provide Ukraine, will be sufficient to stabilize its economy, but not enough to return the country to real growth. Jaresko Also urged the West to provide Ukraine with additional financial assistance Except for a package of 40 billion dollars, because the country is bankrupt will cost more. Prime Minister of Ukraine Arseniy Yatsenyuk claimed that the country was unable to maintain even existing debts (not to mention the accumulation of new). Anyway to reduce, for example, Kiev military spending is not going to begin heating season without crediting will not have the opportunity. Ukraine has agreed with creditors to write off 3, $ 6 billion bond debt totaling approximately $ 18 billion. Against this background, the international rating Agency Fitch downgraded the long-term chart Issuer default ratings of Ukraine to the level of " default inevitable." While Kiev has asked the Russian Federation " to accept the rules of writing off other creditors ". Also, the Ukrainian side said that the Russian Federation in case of disagreement with the terms of the debt restructuring of Ukraine may enter into individual dialogues. However, the Minister of Finance Anton Siluanov said that Moscow will not do it. The head of the Ministry of Finance Also said that the $ 3 billion that Russia received from Ukraine, is expected to be spent on development of infrastructure. Kiev Also promised that the international creditors of Ukraine will receive additional payments from Kiev, if by 2020 the state's economy would grow more than the IMF predicts. The US has urged lenders to begin without delay to perform the steps for restructuring the debts of Ukraine. However, experts believe that the Ukrainian economy has not yet reached the bottom, and the Treaty of Kiev with creditors on debt restructuring was perceived by investors as, in fact, the respect of Ukraine's insolvency.


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  Headline 
The Central Bank told about the reasons of rehabilitation PSB

15 of December, 23:04

Lending organizations of owners, possible funding of a significant part of its own subordinated loans, as well as rehabilitation of AVTOVAZBANK has led to the fact that the CBR began the same procedure regarding PSB, told correspondents Deputy Chairman of the Central Bank Vasily Pozdyshev.

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