Ukraine may not receive $ 2.2 billion this year due to the decision of the Constitutional Court

News

Ukraine may not receive $ 2.2 billion this year due to the decision of the Constitutional Court

06.11.2020 News

The decision of the Constitutional Court violates Ukraine’s obligations to Western creditors. This was reported by the Ministry of Finance with reference to the statement of the head of the department Serhiy Marchenko.

He addressed to the assessments of the World Bank management regarding the decision of the Constitutional Court on the officials’ e-declarations. “They believe Ukraine is violating its liabilities under the DPL loan agreement. This threatens all the bank’s projects with Ukraine. In general, we talk about $ 2.23 billion,” Marchenko said.

According to him, Ukrainian authorities risk losing two IMF tranches of $ 700 million this year, as well as a € 600 million loan from the EU and $ 350 million from the World Bank due to the decision of the Constitutional Court.

Moreover, the Ukrainian government may not receive another $ 1.5 billion from the IMF, € 600 million from the EU and $ 350 million from the World Bank in 2021.

Other articles

  • The Verkhovna Rada has taken a step towards the legalization of cryptocurrencies
    News

    The Verkhovna Rada has taken a step towards the legalization of cryptocurrencies

    The Verkhovna Rada of Ukraine adopted in the first reading the draft law №3637 on virtual assets. LIGA.net reports, 230 people’s deputies voted for this document. According to the explanatory note, the market for virtual assets in Ukraine has been already formed and has existed for about five years, but it is completely outside the […]

  • Poroshenko’s former plant has paid off 300 million in debt
    News

    Poroshenko’s former plant has paid off 300 million in debt

    The Kyiv shipyard Kuznya na Rybalskomu (Ukrainian: “Кузня на Рибальському”) has returned to the state budget more than 300 million UAH, which the Ministry of Finance had previously paid on the company’s debts. It is noted that in 2017 the government provided state guarantees for a plant loan from Ukreximbank. The credit line allowed to […]

  • The Cabinet of Ministers has changed the terms of the available loans
    News

    The Cabinet of Ministers has changed the terms of the available loans

    The Cabinet of Ministers has made changes to the Affordable Loans program of 5-7-9%. This was reported by the press service of the Ministry of Finance. In particular, the maximum level of annual income of enterprises was raised to the equivalent of 10 million euros, and the current requirement for the mandatory business profitability has […]

  • The World Bank has assessed the consequences of the salary increase in Ukraine
    News

    The World Bank has assessed the consequences of the salary increase in Ukraine

    The increase of the minimum wage in Ukraine from UAH 5,000 to UAH 6,500 in 2021 may increase the state budget deficit to more than 6% of gross domestic product. This is stated in the economic review of the World Bank. In addition, the increase in the minimum wage will increase the overall need to […]

  • The IMF submitted a claim to Ukraine
    News

    The IMF submitted a claim to Ukraine

    The IMF said that the continuation of Ukraine’s financial support program depends on the independence of NABU, SAP and HACCUkraine. This was stated by the representative of the International Monetary Fund Jerry Rice, on September 10 in Washington. “I can say that the creation of an effective anti-corruption base for Ukraine has been a crucial […]

  • The IMF named the condition for the completion of the corona crisis
    News

    The IMF named the condition for the completion of the corona crisis

    The world economy is on the road to recovery amid the pandemic COVID-19, however, the final completion of the corona crisis is possible only in the case of mass use of the vaccine. This was stated by IMF chief Kristalina Georgieva and Chief Economist of Fund Gita Gopinath in their joint paper of the magazine […]

  • The head of the Ministry of Finance gave a forecast of the hryvnia exchange rate
    News

    The head of the Ministry of Finance gave a forecast of the hryvnia exchange rate

    There are no grounds for devaluation of the hryvnia to UAH 30 / $. This was stated by Finance Minister, Serhiy Marchenko in an interview with Focus. “I do not see the preconditions for the course to reach such a value. And I do not see any tools with which anyone can influence the course […]

Read also

Ukraine may not receive $ 2.2 billion this year due to the decision of the Constitutional Court
News

For the first time in the world there were more than 20 million millionaires

The total wealth of all dollar millionaires in the world in 2020 increased by 7.6% and amounted to $ 79.6 trillion. The international consulting company Capgemini SA in the annual World Wealth Report reported this. At the same time, the number of wealthy people (high-net-worth individual, HNWI) increased by 6.3% to 20.8 million people. The […]

Next
Ukraine may not receive $ 2.2 billion this year due to the decision of the Constitutional Court
News

The court found guilty the NBU in bankruptcy of the Ukrgazprombank

The Kyiv Administrative Court of Appeal  found guilty the National Bank of Ukraine (NBU) in bankruptcy of the Ukrgazprombank. This is stated in the judgment from  April 26 in the case N826 / 26255/15, writes UBR. The NBU actions were called “illegally inactive” by the decision. Thus, was confirmed the decision of the previous court – the District […]

Next
Ukraine may not receive $ 2.2 billion this year due to the decision of the Constitutional Court
News

TikTok sales to US companies have been postponed indefinitely

The sale of part of the social network TikTok of the Chinese company ByteDance to the American companies Oracle and Walmart has been suspended for now. Note that possible security threats from the Chinese technology giant have stopped the process of selling the platform. However, ByteDance continues to negotiate with the US intelligence services about […]

Next
Ukraine may not receive $ 2.2 billion this year due to the decision of the Constitutional Court
News

The Stockholm arbitration prohibited the OPP to alienate non-current assets

The Stockholm arbitration prohibited the  “Odessa Portside Plant”, PJSC to alienate non-current assets, according to the press-service of Group DF. “March 31, 2016  the Stockholm arbitration satisfied the request of the  Ostchem Holding Ltd (included in Group DF) and ordered the OPP  till August 31, 2016 to refrain from alienation or encumbrance in any way […]

Next
Ukraine may not receive $ 2.2 billion this year due to the decision of the Constitutional Court
News

Nvidia is creating a supercomputer in the UK in order to help find COVID-19 treatment

Nvidia company as a part of its online conference on the graphics processor technology announced its plans to create the fastest supercomputer in the UK, called “Cambridge-1″. Shares of Nvidia rose to 4.44% until the closing of the trading on Monday. Such organizations as: the biggest medical company in the UK GlaxoSmithKline, the British-Swedish pharmaceutical […]

Next
Ukraine may not receive $ 2.2 billion this year due to the decision of the Constitutional Court
News

The NBU has assessed the resilience of the hryvnia to the new lockdown

The fall of the hryvnia will not happen again in the event of a full lockdown, as in March, assured the director of the open markets department of the National Bank Oleksiy Lupin. “We do not expect a repeat of the March events in the foreign exchange market, because in March it was something new, […]

Next
Ukraine may not receive $ 2.2 billion this year due to the decision of the Constitutional Court
News

The Moderna vaccine has been tested. It can be approved at an accelerated rate

Reuters reported, In Switzerland, the procedure of accelerated testing of Moderna vaccine has started. This will allow to approve the drug if it passes all clinical trials. “Swissmedic can get an initial idea of the benefits and risks of vaccine candidates before the study is completed. This speeds up the review process and at the […]

Next
Ukraine may not receive $ 2.2 billion this year due to the decision of the Constitutional Court
News

From 2023, multinational corporations must pay corporate tax at a rate of at least 15%

The agreement on a single corporate tax rate of at least 15 percent was signed by 136 states, which account for more than 90 percent of world GDP. The agreement is aimed at combating tax evasion by international corporations. The initiative was also signed by countries that were initially opposed to tax reform, such as […]

Next
Ukraine may not receive $ 2.2 billion this year due to the decision of the Constitutional Court
News

The head of Pfizer did not get to Israel because he was not vaccinated against the coronavirus

Pfizer CEO Albert Burla has postponed a visit to Israel because he has not yet been fully vaccinated against COVID-19. Burla himself and members of the delegation have not yet received a second dose of the vaccine. The Pfizer spokesman stressed that they are still interested in visiting Israel. Now the visit can be postponed […]

Next
Ukraine may not receive $ 2.2 billion this year due to the decision of the Constitutional Court
News

Musk begins testing Neuralink on humans

According to the owner of a startup, the unit will help to put on the feet people, suffering from incurable diseases. Musk founded the startup Neuralink in 2016, the aim is to create a device that provides a direct link between the computer and the human brain. The device, which connects directly to the computer […]

Next
Ukraine may not receive $ 2.2 billion this year due to the decision of the Constitutional Court
News

Viber starts public accounts in Ukraine

The public service is the channel  of sales department and marketing for news distribution.  Michael Shmilov, the Viber director informs that application interface could optimise by the concrete organisation. After public account creation, the administrators could send the messengers to subscribers in different ways: through CRM system manually  or through chat-bots in private messengers. The […]

Next
Ukraine may not receive $ 2.2 billion this year due to the decision of the Constitutional Court
News

Lufthansa resumes operations in Ukraine

German airline Lufthansa made its first flight to Lviv on April 30, after a one-year break. 79 passengers arrived in Lviv, which is almost 100% of the aircraft load. It is reported that in the first month the airline will fly three times a week, and in June the number of flights will increase to […]

Next
Ukraine may not receive $ 2.2 billion this year due to the decision of the Constitutional Court
News

The Court reopened a case on the right of SANOFI for a trademark “SONAFІT”

Last year, the Commercial  Court of Kyiv initiated a suit of the SANOF I company to the State Intellectual Property Service of Ukraine and to the “Kyivmedpreparat”, PJSC about completely voidance of Certificate  of Ukraine on sign for the goods and services № 187104. The object of dispute  has become a “SONAFІT” trademark registered company […]

Next
Ukraine may not receive $ 2.2 billion this year due to the decision of the Constitutional Court
News

Oracle is negotiating about buying TikTok

Newspaper Financial Times found that IT-Oracle Corporation wants to buy Chinese video service TikTok. About this edition with reference to sources wrote on August 18. Official information about negotiations in ByteDance (it owns TikTok), nor Oracle did not comment. According to sources of FT, the company also is negotiating with investors who own shares in […]

Next
Ukraine may not receive $ 2.2 billion this year due to the decision of the Constitutional Court
News

BioNTech and Pfizer report successful third phase of coronavirus vaccine clinical trials

BioNTech from Mainz and US pharmaceutical giant Pfizer have announced the successful third phase of clinical trials of the vaccine from COVID. The company said in a statement that registration is expected in November. According to the release, the third phase of clinical trials of BNT162b2 showed its effectiveness by more than 90% among trial […]

Next
Ukraine may not receive $ 2.2 billion this year due to the decision of the Constitutional Court
News

The famous investor bet half a billion on the fall of Tesla shares

American investor Michael Burry, who predicted the financial crisis of 2008 and became the prototype of one of the characters in the movie The Big Short, made a huge bet on the fall of shares of Ilon Mask`s Tesla, Reuters writes. As of March 31, Bury’s Scion Asset Management investment fund had an option to […]

Next
WP2Social Auto Publish Powered By : XYZScripts.com