Ukraine

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Ukraine Looks to Privatization to Counter Budget Woes

In his 50 years at the state farm here, Volodymyr Polutskiy says his work has dwindled from producing silk for Red Army parachutes to eking out a living chopping wood and growing wheat, The Wall Street Journal reported. Now, Ukraine’s government is t ...

Daily Headline - global.abi.org - 07/01/2015 - 22:30 - 0 comments

Central Bank Declares Ukraine's 16th Largest Bank Insolvent

Ukraine's sixteenth largest lender, Financial Initiative Bank, has been declared insolvent, the central bank said on Wednesday, as it pushed ahead with a drive to clean-up the country's financial system. Under pressure from the International Mo ...

Daily Headline - global.abi.org - 06/24/2015 - 23:03 - 0 comments

Date Of Talks On Ukraine's Debt Restructuring Not Agreed Yet – Creditors' Committee

The date of the meeting of the Finance Ministry of Ukraine, the IMF and the Creditors' Committee on restructuring Ukraine's debt obligations hasn't been agreed yet, according to a letter released by the committee which Interfax-Ukraine has ...

Daily Headline - global.abi.org - 06/22/2015 - 23:08 - 0 comments

Kiev Offers Growth-Linked Bonds To End Impasse With Creditors

Ukraine has offered to issue securities linked to future growth in return for private creditors accepting a writedown in debt, in proposals aimed at breaking a deadlock over debt restructuring. Kiev confirmed on Friday that it would continue to service i ...

Daily Headline - global.abi.org - 06/21/2015 - 22:48 - 0 comments

Ukraine Savings Bank Reaches Restructuring Deal With Creditors

The State Savings Bank of Ukraine reached an agreement with a creditor group to restructure $1.3 billion of debt even as talks over the nation’s sovereign debt remain deadlocked, Bloomberg News reported. AT Oschadbank, as the lender is known, agreed with ...

Daily Headline - global.abi.org - 06/14/2015 - 19:36 - 0 comments

Ukraine’s Creditors Raise Concern As Debt Deadline Looms

Ukraine’s largest creditors say they are deeply concerned by the country’s declaration that it may stop making debt payments unless investors agree to a restructuring plan, as a crucial deadline looms over negotiations, the Financial Times reported. ...

Daily Headline - global.abi.org - 06/11/2015 - 22:41 - 0 comments

Ukraine Warns Of Debt Moratorium

Ukraine could stop paying its sovereign creditors within weeks if they do not agree to a debt restructuring, the country’s finance minister said on Wednesday, offering a provocative option over one of the country’s economic problems amid signs of a deadl ...

Daily Headline - global.abi.org - 06/10/2015 - 21:27 - 0 comments

Metinvest Restructuring Plan Said to Be Blocked by Creditors

Metinvest BV’s latest proposal to restructure more than $3 billion of debt was blocked by a group of bond holders Monday, according to two people familiar with the matter, Bloomberg News reported. Ukraine’s largest steelmaker failed to gather enough vote ...

Daily Headline - global.abi.org - 06/03/2015 - 00:03 - 0 comments

Kiev Rejects Debt Restructuring Deal

Ukraine has rejected a debt restructuring deal put forward by international creditors as the two sides struggle to break through a negotiation stalemate, the Financial Times reported. A group of investors representing just under $9bn of Ukrainian bon ...

Daily Headline - global.abi.org - 05/31/2015 - 22:58 - 0 comments

Ukraine Takes ‘Odious’ Path To Default

Ukraine’s decision last week to grant its government the power to stop foreign debt payments marks a distinct shift in tone for the wartorn and recession-battered country. As negotiations between Kiev and its creditors stall and full-blown bankruptcy nea ...

Daily Headline - global.abi.org - 05/27/2015 - 22:56 - 0 comments

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