Rada ratified the Memorandum with Germany for the loan of five hundred million euros
The Verkhovna Rada on the proposal of Ukrainian President Petro Poroshenko has ratified the Memorandum with Germany for the loan of five hundred million euros for the restoration of infrastructure in the East of the country. Such a decision at the meeting on Wednesday was supported by 266 parliamentarians with the necessary minimum of 226 votes. "200 million euros ? this macro-financial assistance of EUR 300 million are in 3 areas: energy, infrastructure, utilities and other businesses that provide a system of the vitality of our regions", - has declared the Vice-Prime Minister Gennady Zubko, presenting the Document in the Parliament, RIA " Novosti ". The document was signed on 1 April 2015 in Berlin. According to the Memorandum, the German government wishes to provide the desired guarantees for untied financial loan (UFK) a Credit institution for reconstruction (KfW) for the total amount of five hundred million euros. Ukraine is now in a serious political crisis, which affects its economy and the public sector, in fact the country is on the verge of default. Prime Minister of Ukraine Arseniy Yatsenyuk stated before that in 2015, the country faces the challenge to " survive ". According to the report " the Millennium development Goals Ukraine: 2000?2015 ", presented on 6 July in the process of the round table in Kiev, the level of poverty in Ukraine in 2015 will reach 33%. As was stated by the leader of the public movement "Ukrainian choice" Viktor Medvedchuk, the highly professional efforts of Russian and foreign reformers-integration of Ukraine brought to the pre-default wealth. 30 June The Economist has described Ukraine as the worst economy in the world. This verdict was made after comparison of countries by GDP growth.