Top Blogs

Blogs: Finance

Who voted
Your rating: None Average: 3 (1 vote)

IMF will not give anymore money to Ukraine?

Scroooge  Wed, 2009-09-09 09:55  

”I think the IMF will not give us any more, until the end of the year,” said Oleksandr Shlapak, deputy head of Victor Yushchenko’s presidential administration. “We are not fulfilling our obligations – practically none of them,” Mr Shlapak said pointing to shortcomings by the government of Yulia Tymoshenko, prime minister and a bitter presidential opponent. Mr Shlapak’s comments come amid an IMF mission to one of the economies hit hardest by recession to discuss further co-operation. His remarks sparked criticism from some investors who saw them as an attempt to undermine opponents and Ukraine’s economy for personal political ... [ Read more ]

Who voted
Your rating: None Average: 2 (1 vote)

No reforms, no more loans for Ukraine from IMF?

Energizer  Tue, 2009-02-03 15:01  

According to a review of Ukraine's current International Monetary Fund (IMF) stand-by arrangement, the Fund has criticised Ukraine's authorities for the delayed floatation of the hryvnia, which had been, in contrast to the agreement of the IMF-sponsored reform package, re-pegged at first during November 2008 and only later floated as the central bank interventions turned out to be too costly. The document, which was prepared on 11 December but published only at the end of last week, also notes that progress in banking sector restructuring has been made albeit slowly, and reiterates commitments to fiscal targets, namely a balanced budget in 2009. It explicitly condemns Ukrainian plans to ... [ Read more ]

Who voted
No votes yet

Ukrainians are not concerned over the financial crisis?

Oleksiy Tatarenko  Sun, 2008-11-16 23:21  

48% of Ukrainians think that the financial crisis does not have direct influence on their personal financial situation. A “Deloit” official told a press conference in IMC. According to him, the survey of the consumers’ activity on the threshold of Christmas and New Year holidays revealed that the majority of European states don’t feel negative influence on their personal financial situation. “In Ukraine opinions were divided – 52% of population state that the financial crisis effected their financial situation. 38% of Ukrainians also state that the economic situation will get worse,” he noted. Speaking about job perspectives, 44% of Ukrainians feel safe, while 10% are afraid to lose job. ... [ Read more ]

Who voted
Your rating: None Average: 5 (1 vote)

Naftogaz faces technical default on its US$500mn eurobond

Карло Марло  Sun, 2008-11-16 20:51  

On October 28 Ukraine’s state owned energy firm Naftogaz failed in their efforts to get bondholders to waive publication of the firm’s 2007 financial results until the end of the year. As a result, it is feared the firm may go into a technical default on its US$500mn eurobond, which may force it to pay out a total of US$2.5bn in payments due to clauses in other debt agreements. Should Naftogaz default, this would pose severe risks to the ustainability of Ukraine’s external debt burden, particularly as approximately US$2.4bn of the firm’s liabilities are guaranteed by the government. [ Read more ]

Who voted
No votes yet

Economize insurance of mortgage habitation

Oleksiy Tatarenko  Thu, 2008-09-25 12:00  

Starting monetary connections with mortgage (like every other insurance relations) creditors give a debtor a roll of insurance documentation. Creditor-banks taking into consideration the current situation with competitors on the market sometimes can reduce the amount of insurance documentation. It makes a big difference if you want to insure repaired flat or just “naked walls”. The conclusion is the less points in the list you are going to insure the more cash you save. Assessed value service is usually in the hand of companies co-operating with banks. While truing to pay credit before the appointed time insurance agreement can play a trick on you – you have paid off the money to a ... [ Read more ]