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Ukraine to receive 200 million euro loan from European Investment Bank
The European Investment Bank will provide a EUR 200 million loan to finance public transport in 20 municipalities of Ukraine. According to the statement made by the bank, a decision regarding the allocation of funds was made by the board of directors on September 23.
The total cost of the project is estimated at EUR 400 million. The project aims to increase the frequency and regularity of public transport in Ukrainian cities.
The funds will be also used to reduce harmful emissions by …
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Turkish MFA: Ankara will continue to support the Crimean Tatars
According to a spokesman of the Turkish Foreign Ministry, Tanju Bilgiçit, it is deeply regrettable that the Russian Supreme Court has decided to uphold the ban on the activities of the Mejlis of the Crimean Tatars, Anadolu reported.
According to him, Turkey's position on the issue of their support of the Crimean Tatars remains unchanged.
“We will continue to support the Crimean Tatars in the face of pressure,” Bilgiç said.
“The Crimean Tatars make legitimate demands through democratic and …
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IMF asks Ukraine to show results in the fight against corruption
The International Monetary Fund (IMF) has urged Kyiv to expedite the implementation of necessary reforms to stabilize the economic situation in the country. The IMF also expects Kyiv to show concrete results of their fight against corruption. This was stated in a report of the IMF mission, which was published on the 3rd of October.
According to the IMF, these reforms are still being met with opposition in Kyiv. The organization mainly requires a pension reform, and the creation of a special …
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NATO will continue its policy of pressuring Moscow to implement agreements in Ukraine
The Deputy Secretary-General of the North Atlantic Treaty Organization, Alexander Vershbow, stated that NATO intends to keep pressure on Moscow until it begins to implement previously undertaken obligations on the Ukrainian issue, European Pravda reported. According to Vershbow, the security situation in the Euro-Atlantic region has significantly deteriorated due to annexation of the Crimea by Russia in 2014 and the subsequent participation of Russian servicemen in the Donbas.
Meanwhile, …
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Ukraine hopes to receive $1 billion tranche from IMF
Ukraine hopes to receive the fourth part of funds, in the amount of $1 billion under the guarantee of the U.S Government, Interfax-Ukraine reported, citing the Ministry of Finance of Ukraine.
“In addition to the continuation of technical assistance, we look forward to further cooperation in an effort the get $1 billion under the guarantee of the U.S. Government. The loan guarantees will provide for urgent budget needs at low interest rates based on the results of the implementation of reforms,” …