Saturday 29 June 2013

Azarov: Ukraine timely pays off foreign debts - ForUm

"Ukraine pays off its external obligations always on time and in full, Prime Minister Mykola Azarov said during a meeting with head of the IMF mission in Ukraine Nikolay Georgiev on Thursday, the press service of the Cabinet of Ministers of Ukraine reports.

"Measures adopted by the government allowed stabilizing the situation related to the balance of payments. We execute all our obligations in full, and year 2013 is totally understandable for us from the point of view of obligations on foreign payments. We do not have any concern for their implementation," Azarov said.

He also noted that Ukraine has a quite difficult financial and economic situation, which is primarily associated with a decrease in demand on global markets for the traditional Ukrainian exports – metal and ore. Therefore, Ukraine was forced to take strict measures on fiscal discipline and to introduce some restrictive measures on imported products, the Prime Minister explained.

Azarov said that the government's program to enhance the economy involves 4.5 million tons of metal for use on the domestic market. According to him, in particular, it will allow to ensure the growth of the gross domestic product.
ForUm"

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