'Gentlefan' continues: 'Angels' greet Belgium football fans ahead of Sochi gameSport March 28, 21:12
Scottish parliament backs new referendum on independenceWorld March 28, 20:42
Russian strategic missile carriers to take part in military drills in TajikistanMilitary & Defense March 28, 20:10
Russia’s offshore energy projects in the ArcticBusiness & Economy March 28, 19:33
US chess chief: No plot to oust current FIDE head, but it ‘would be good for the game’Sport March 28, 18:27
Putin-Rouhani meeting round-upWorld March 28, 18:23
Request for referendum against iconic Petersburg cathedral's transfer to church approvedSociety & Culture March 28, 18:13
US diplomat says Washington is pleased with Arctic cooperation with MoscowWorld March 28, 18:11
Russia, Iran express support for Damascus’ efforts to combat terrorismWorld March 28, 17:46
KIEV, May 20. /TASS/. Ukraine’s GDP is expected to fall by 12% in 2015, which is a disaster, the country’s former President Viktor Yushchenko said in an interview with the Segodnya newspaper.
Yushchenko said that the current economic situation was quite predictable.
"The country, that cannot stabilize prices and currency, cannot expect dynamics in economic growth," he said.
"We should balance the state budget and to use the currency issue (that does not lead to a serious devaluation) to warm up the economy," he said.
Yushchenko said that Ukraine should not be afraid of default on its debt.
"The financing of this year’s budget already envisages the use of international resources. Defaults may occur in the regions, where state institutions took loans," he said.
Ukraine is now on the verge of default. To avoid it Kiev is trying to restructure its $15 bln public debt, which is a precondition for receiving the next tranche from the IMF.
So far the negotiations with creditors on debt restructuring have given no results.