Eighty years since assembly of legendary Soviet monument at 1937 World’s Fair in ParisSociety & Culture May 25, 8:15
Putin receives message clarifying intentions of new South Korean presidentRussian Politics & Diplomacy May 25, 7:47
Forest fires raging on over 8,000 hectares in Russia’s Far East and SiberiaWorld May 25, 6:44
Ukraine’s Savchenko says wants to run for president in 2019World May 25, 3:38
Putin venerates St Nicholas's relics in Cathedral of the SaviorSociety & Culture May 24, 21:53
Putin points out Russia’s good relations with EgyptRussian Politics & Diplomacy May 24, 21:30
Ukraine names conditions for Minsk accords' political part implementationWorld May 24, 20:44
Blaze-stricken Siberian areas expecting downpours that may quash firesSociety & Culture May 24, 19:45
Contact Group on Ukraine proposes more areas of disengagementWorld May 24, 19:39
KIEV, September 19 (Itar-Tass) — Ukraine is prepared for a possible world crisis, even better than some European states, Ukraine’s Prime Minister Nikolai Azarov said on Monday.
Over recent time, the government has made Ukraine more resistible to a possible effect from a financial and economic crisis, the government’s press service said.
“The work the government has been doing for eighteen months made it possible to reduce the budget deficit, and it is a major anti-crisis measure, which allows us to say that we are prepared for a possible world crisis much better than we were back in 2008,” the prime minister said.
Azarov added that under the present conditions it is much easier to find financing to cover the budget deficit than it was in 2009.
“If in case of a crisis we fail to find foreign credit resources of 2.5 percent, we shall cover the deficit by domestic resources,” he said. “And it is much easier to cut expenses by 2.5 percent, than by 20 percent.”
He stressed that implementation of the government’s programme to replace import and to observe energy saving will enable Ukraine to save major amount of currency, and besides, the government will continue negotiating with Russia “revision of gas agreements of 2009, which are draconian for Ukraine.”
At the same time, Ukraine plans to increase its own production of natural gas from 2013 by 1.5 billion cubic metres, mostly by developing the Black Sea shelf.
Besides, Azarov said, the government hopes to keep dynamics of demand for Ukraine’s metal.
“We admit that in 2012 there will not be a major slump of demand for our metal, minding how Asia and Asian markets are developing,” he said.
Azarov promised that the government plans to adopt several measures to attract domestic investments, without which “foreign investors will not come to us.”