Ukraine’s foreign debt stands at $ 40 billion. Ukraine’s foreign debt reached $ 40 billion, representing 36% of the GDP of the country, told the Deputy Prime Minister Sergei Tigipko. “This figure is for us is critical. We will be very difficult to maintain this level of debt” – he acknowledged.
Fitch Ratings upgraded the sovereign long-term issuer default ratings of Ukraine in foreign and national currency from level «B-» to «B» today. The outlook on the long-term – “Stable”. It is reported by Fitch Ratings.
Chairman of the developer company “XXI Century” (Kyiv) Lev Partskhaladze said that the company expects to resume trading in shares on the London Stock Exchange before the end of 2010.
Another Ukrainian bank – Finance and Credit, that is in a difficult economic situation, managed to survive partly by foreign capital. One of the largest banks in Ukraine, “Finance and Credit” is trying to avoid the terrible fate of Nadra Bank.
June 16 came into force Act № 6337 “On amendments to some legislative acts (in terms of taxation), which provides for an increase in excise duty on petroleum products. Higher fiscal burden of oil traders are already embedded in retail prices, thereby shifting the problem onto the shoulders of consumers. In the short term fuel will continue to go up under the pressure of world trends.
Savings Bank of Russia June 8, 2010 officially declared that he wanted to buy in Ukraine’s financial structure of the top ten. The day before on the financial market rumors that the Russians may be sold to Raiffeisen Bank Aval, which ranked fourth in assets and is valued by analysts at $ 2 billion.
Ukraine during the first quarter of 2010 invested in objects other countries 587,800,000 dollars, which 8.4 times the figure for the entire year 2009. Direct investments from Ukraine were carried out in 47 countries, from 93,4% of them were sent to Cyprus.
The real estate market of Ukraine has no pulse, according to which in crisis is possible to check its status. But the trends are quite obvious and predictable: the way to the heart and wallet of Ukrainian buyer of real estate is through the budget-saving apartments.
Currency exchange rates in Ukraine in the last few months don’t pleases speculators. Forecast for the summer is quite positive only for the dollar. Summer is a period of currency volatility. Thus, at least you can say about the former Soviet republic. The rate of national currency in third world countries are always stronger, oddly enough, it was summer. The euro exchange rate in the hot days accustomed to fall. In summer time people are looking for relaxation, and hence save money in the single European they do not want to.
Hryvnia has remained stable against the U.S. dollar. At the same time in the last three months the rate is kept at a level below 8 UAH / USD. Exchange rate fluctuations are almost invisible, in May, the value of the course thrilled at around 7,92-7,93 UAH / USD. In such circumstances, banks are almost lost one of the main sources of income – income from foreign exchange.
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