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Ukraine’s Federation of Employers calls on Poroshenko to send government to resignation

June 30, 2015, 21:31 UTC+3 KIEV
As a result of the government’s unprofessionalism, the country’s aggregate foreign debt for the first time in history has exceeded its GDP and reached 110.5%, the Federation said in an appeal
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Petro Poroshenko

Petro Poroshenko

© EPA/ROMAN PILIPEY

KIEV, June 30. /TASS/. Ukraine’s Federation of Employers has called on President Petro Poroshenko and leaders of the parliamentary faction to send the country’s current government to resignation, the Federation’s press service said on Tuesday.

"The anti-national, anti-Ukrainian policy of the current government has led to an undeclared default. As a result of the government’s unprofessionalism, the country’s aggregate foreign debt for the first time in history has exceeded its GDP and reached 110.5%," the Federation said in an appeal.

The employers demand a "moratorium on privatization be imposed in condition of default." "Most of the 300 debtor enterprises subject to privatization will be sold at a price that is lower than their real cost," the appeal said.

The Federation also noted that the problem of repaying debts to businesses amounting to 100 billion hryvnias ($4.5 billion) had not been settled either.

Set up in 2002, Ukraine’s Federation of Employers now unites more than 8,500 enterprises, which account for 70% of the country’s GDP and employ more than five million people. The Federation is led by tycoon Dmytro Firtash, whose companies the Ukrainian authorities are seeking to nationalize.

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