"The forecast of the International Monetary Fund for Ukrainian annual GDP is 4%. This will allow the Ukrainian economy to reach the level of Switzerland in 25 years." - stated Ukrainian Finance Minister Natalia Yaresko at the cabinet meeting.

" At this growth rate (4% of real GDP growth) our GDP will rise from the current level of 84 billion dollars to 600 billion in 2040. This is the level of a country like Switzerland."

The Finance minister said that the agreement reached with the creditors …

Bulgaria has closed the country's airspace to Syrian-bound Russian flights.

Bulgarian authorities have not given any reason for refusal to provide an airspace to  two Russian flights.The planes will have to take an alternate route over Iran.Russian Federation has submitted a request to Bulgarian authorities to provide airspace to  two Russian flights to deliver humanitarian aid to Syria.Bulgarian authorities have  refused to provide an airspace  without giving an official reason.On Monday, …

Antonov to produce aircrafts for Saudi Arabia

September 8, 2015

According to Interfax-Ukraine, Antonov State Enterprise (Kyiv) has started manufacturing the first sample of its new multipurpose An-132 aircraft with a cargo capacity 9.2 tonnes under a contract signed with Saudi Arabia.

Antonov State Enterprise Acting President Mykhailo Hvozdev told reporters on Monday that the test aircraft of the new An-132 aircraft is being manufactured under the contract signed in April with Saudi Arabian …

As reported by the US Futures trading commission starting November 2014 American hedge funds and currency traders have placed a record number of short future contracts against the Russian ruble.

The total number of short positions (betting on collapse of the Russian currency) has reached 6848 contracts (17.2 billion rubles).

Overall the investors were net short 2857 contracts (7.14 billion rubles). This number takes into account long positions – bets on the increase of the value of the …

At least 7962 people have been killed in eastern Ukraine since mid-April 2014 according to the Report by Ra’ad Zeid Al-Hussein, the UN High Commissioner for Human Rights.

As reported, in total, since the beginning of the hostilities in mid-April 2014 until 15 May 2015, at least 6,362 people (including at least 625 women and girls) were documented as killed and 15,775 as wounded in the conflict area of eastern Ukraine. Many people remain missing; bodies continue to be recovered. Serious human …