Ukraine

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Ukraine Plans Talks With Creditors

Ukraine’s finance minister said Wednesday the government hopes to start debt negotiations with creditors next month after it completes a deal on an expanded emergency-loan package with the International Monetary Fund, The Wall Street Journal reported ...

Daily Headline - global.abi.org - 01/21/2015 - 22:34 - 0 comments

Ukraine May Avoid Debt Restructuring, Central Bank Official Says

Ukraine isn’t planning to restructure its debt and is working with the International Monetary Fund on a “sustainable program” to fight a recession and sinking foreign reserves, the nation’s acting deputy central bank head said, Bloomberg Businessweek rep ...

Daily Headline - global.abi.org - 01/20/2015 - 22:32 - 0 comments

Ukraine Bonds Sink As Debts Spiral

Ukrainian bonds have sunk to a record low on concerns that the strife-torn country will default this year, as a tool developed by the Financial Times in collaboration with the International Monetary Fund shows the country’s debts have spiralled far h ...

Daily Headline - global.abi.org - 01/06/2015 - 20:15 - 0 comments

Ukraine’s Mriya Creditors Propose $1 Billion Restructuring Plan

Creditors of Mriya Agro Holding Plc said they presented the Ukrainian agricultural group with their own plan to restructure about $1 billion debt, Bloomberg News reported. Bondholders and lenders want the company to hire a chief restructuring officer and ...

Daily Headline - global.abi.org - 12/18/2014 - 22:18 - 0 comments

European Leaders Balk At Kiev’s Pleas To Fill $15 Billion Funding Gap

European leaders are balking at providing additional financial aid for Ukraine despite an urgent need to fill a $15bn funding gap as criticism of Kiev’s reform efforts mounts, the Financial Times reported. The International Monetary Fund has identifi ...

Daily Headline - global.abi.org - 12/17/2014 - 21:50 - 0 comments

Ukraine Premier Raises Risk of Default In Pressing for More Aid

Lawmakers gave initial approval Thursday to a government program containing the outline for an economic overhaul aimed at stabilizing the country’s finances, as Western backers prepare a new aid package, The Wall Street Journal reported. Prime Minist ...

Daily Headline - global.abi.org - 12/11/2014 - 21:55 - 0 comments

Debt Wrangle Engulfs Ukraine’s Mriya in $1 Billion Restructuring

International bondholders advised by Rothschild are recommending a change in control at Ukrainian agricultural company Mriya Agro Holding Plc as the grower of crops from wheat to potatoes seeks to restructure about $1 billion of debt, Bloomberg News repo ...

Daily Headline - global.abi.org - 11/12/2014 - 20:47 - 0 comments

Ukraine Will Need More Bailout Funding, IMF’s Lagarde Says

Ukraine will need additional bailout financing from outside the International Monetary Fund to keep the war-torn economy afloat, the head of the IMF said Thursday. The cost of the conflict with Russia-backed separatists has changed the country’s cash nee ...

Daily Headline - global.abi.org - 10/09/2014 - 21:37 - 0 comments

Ukraine's KVV Group To Buy Latvia's Insolvent Steelmaker

Ukraine's KVV Group has offered to buy Latvia's insolvent steelmaker Liepajas Metalurgs for 107 million euros ($138 million), the insolvency administrator said on Tuesday, Reuters reported. Liepajas Metalurgs, the only producer of rolled steel ...

Daily Headline - global.abi.org - 09/09/2014 - 21:19 - 0 comments

Ukraine May Need Additional Financing if Fighting Continues, IMF Says

Ukraine is facing a $3.5 billion funding gap and could need additional financing worth $19 billion next year if fighting continues through 2015, the International Monetary Fund said Tuesday in its latest review of the emergency bailout, The Wall Street ...

Daily Headline - global.abi.org - 09/02/2014 - 21:38 - 0 comments

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