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 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

Important events in the world of business for a week

LDaily has prepared for the readers the short overview of latest news in the sphere of business and finance for last week. If you missed something, you would have a good opportunity  to correct it.   1.Trump won: the companies begin to take out assets abroad By the last calculations, Donald Trump has won  in […]

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

Ferrari officially separated from the Fiat Chrysler

The head of Fiat Chrysler officially announced  about the separation of Ferrari  on January, 4, 2016, during the  entering the Milan stock exchange. For the first time in 47 years Ferrari gained its independence,  showing up as a separate from the Fiat Chrysler company. Head of Fiat Chrysler said in an interview that Ferrari had […]

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

The State Food and Grain Corporation of Ukraine (SFGCU) adjudged $ 6,920,000 from Sonders Trading K / S Co., Limited

The court ordered the Sonders Trading K / S Co., Limited, Hong Kong company $ 6,92 million in favor of “State Food and Grain Corporation of Ukraine” (SFGCU), JSC. This is stated in the decision of the Commercial Court of Kyiv on January, 18. On November  1, 2013 SFGCU signed an agreement with the Neslot […]

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

“Oschadbank” wants to charge back $ 100 million to the concern “Stirol”

The state bank “Oschadbank” plans  to recover in court more than $ 100 million from the largest producer of mineral fertilizers in Ukraine – “Stirol” concern. It is reported by UNIAN with reference to the Unified State Register of court decisions. The question is about $ 100 million debt of the concern, that is the […]

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

Economic Court of Odessa region has entered rehabilitation procedure “Odessa Oil and Fat plant”

Economic Court of Odessa region has introduced the procedure of readjustment PJSC “Odessa Oil and Fat Plant”, 29 July 2016. This is stated in the relevant court judgment in the case №916/4932/15. The case of bankruptcy of PJSC “Odessa Oil and Fat Plant” Court of Odessa region was initiated December 28, 2015. Manager of readjustment has […]

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

Real Estate Market: Slow Growth

In general, over the past 2 years, the real estate market has shown positive dynamics in almost all segments, especially since the situation has equaled both in the capital and in the regions. Let’s consider more different segments. THE RESULTS OF THE 4TH QUARTER OF 2017 AT THE OFFICE REAL ESTATE MARKET IN KIEV The […]

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

Family courts must open up to avoid ‘outrageous injustices’, warns Ukip

MP Douglas Carswell launches Ukip policy calling for greater sensitivity in legal process to avoid breakup of families and forced adoptions Secrecy within the UK’s system of family courts is allowing social workers to “ride roughshod” over ordinary people and resulting in the unnecessary breakup of families and forced adoptions, the Ukip MP Douglas Carswell has warned. […]

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

A shareholder of Alfa-Bank Ukraine became an investor of Uber

The LetterOne Holding (L1), one of whose shareholder is the billionaire Mikhail Fridman (who was born in Lviv, and who is one of the shareholders of Alfa-Bank Ukraine), invested $ 200 million in Uber  taxi service. This is stated in the message of LetterOne. “I am very pleased with our strategic partnership with Uber. As […]

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

Trump plans to ban Alibaba in the United States

President of the United States Donald Trump is studying the issue of prohibition of Chinese company Alibaba in the US. “Well, yes. We study and other things” – quotes his words the portal. In such way Trump answered for the question of whether the government does not intend to ban the work of other major […]

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

There will not be enough vaccines for all EU citizens in 2021

Next year, only a small proportion of people in the European Union will be able to get the coronavirus vaccine. Officials in European countries have not yet decided on the vaccination of citizens. This was announced by Reuters on Tuesday, October 27. “By the end of 2021, there will not be enough doses of the […]

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

State part of Cherkassyoblenergo to sell in one package

The government committee has approved the sale of 71% of shares of PJSC Cherkassyoblenergo by one package.According to Delo.ua web-site, Igor Bilous, the head of the State Property Fund (FGI) reported about it. He says: “The decision on the merge of share blocks has been made, concerning Cherkassyoblenergo. We will sell the integrated packet of […]

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

Statutory merger: Razer & Nextbit

The Razer company, which is engaged in the creation of gaming notebooks (the headquarters California, USA), became the owner of most of the assets Nextbit manufacturer, which produces “cloud smartphones” Robin. It is reported by the source InVenture. Also Razer staff with the acquisition includes all employees of Nextbit Systems Inc., including senior management. All […]

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

The robotization of Amazon’s warehouses led to the increasing of the injuries among the employees

Introduced five years ago in Amazon’s warehouses the robots did not make the life easier for the employees – on the contrary, people are now forced to work four times faster. In addition, the robotics has brought Amazon warehouses to the record 14,000 serious injuries by the end of 2019. The current figures are to […]

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

Prosecutor’s office has exacted 20 million UAH from the company Ukrspyrt

Workers of Gorodetsk local prosecutor’s office (Ukraine, Lviv region) have exacted 20 million UAH from the Ukrainian State Enterprise Ukrspyrt. This was reported to Ukrainian media by representatives of  the press service of control authority. According to provided information, the manufacturer of alcoholic beverages was fined in connection with the unauthorized extraction of water for […]

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

Twitter shares fell more than 17%

According to trading data, securities of the microblogging service Twitter Inc. after the close of the main trading session in the US fell in price by more than 17%, also according to financial statements, in the red were the shares of US technology giants Amazon, Apple and Facebook, only Alphabet reporting pleased investors. Thus, shares […]

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

Business results of the week from the LDaily

Nationalization of PrivatBank, lawsuits against Apple, and the most interesting           ideas from leading industry executives. Only that is really worth your attention    1. Privat is no longer private On December 18 at 23:30 p.m. it was  posted the information on the site of the Governmental portal of Ukraine  that […]

Next
WP2Social Auto Publish Powered By : XYZScripts.com