14174
Ukraine’s Inflation to Reach 30%
World Economy

Ukraine’s Inflation to Reach 30%

Ukraine’s inflation rate for 2015 will be more than 30%, Ukrainian National Bank deputy head Dmytro Sologub said Friday, Sputnik reported. “In regard to inflation, we will probably not see a figure of under 30%,” Sologub said during a conference dedicated to Ukrainian exports. In February, Ukrainian Prime Minister Arseniy Yatsenyuk said the country’s inflation rate will be 26% in 2015. The country’s annual inflation rate reached 24.9% in December 2014, according to a Ukraine State Statistics service January estimate. On December 31, 2014, Ukrainian President Petro Poroshenko signed a law on the state budget for 2015, based on an inflation rate of 13.1%. Ukrainian authorities have made an attempt to help the deteriorating economy with international loans. According to the IMF, Ukraine’s external debt is projected to exceed 150% of the country’s GDP in 2015.

 

Short URL : http://goo.gl/wrP5L6

You can also read ...

Blue Economy Movement Gaining Traction in Africa
An increasing number of African countries are now embracing...
Japanese Prime Minister Shinzo Abe (C) speaks as European Commission President Jean-Claude Juncker (L) and European Council President Donald Tusk listen during  a joint press conference at Abe’s official residence in Tokyo on July 17.
Japan and the European Union signed a landmark deal on Tuesday...
The trade war began when Donald Trump introduced tariffs on imported steel and aluminum.
Rising trade tensions between the United States and the rest...
There are indications that investments in digital economy will...
Striking Amazon Employees in Europe Demand Better Working Conditions
Thousands of workers walked off their jobs on Tuesday at...
The parliament approved a five billion pound start-up capital for the fund called “Egypt Fund”.
Egypt is setting up a sovereign wealth fund with a capital of...
SNB to Raise Rates in 2019
The Swiss National Bank will continue tracking its eurozone...
Canada Growth Robust, Housing Sector Cooling
On July 13, the executive board of the International Monetary...

Trending

Googleplus