Ukraine on brink of economic bankruptcy - Acting PM Yatsenyuk
27 March 2014, 13:02 -- Ukraine is standing on the verge of the economic and financial bankruptcy, Arseniy Yatsenyuk, the acting prime minister of Ukraine, said at a parliamentary session on Thursday.
Ukraine is on the verge of economic and financial bankruptcy, said Acting Ukrainian Prime Minister Arseniy Yatsenyuk while addressing a Supreme Rada meeting earlier today.
According to him, the rate of inflation will make up 12% to 14% in Ukraine in 2014, while gross fiscal deficit stands at 289 billion hryvnias, or some 28 billion dollars.
'Ukraine's GDP growth will slow down to 3% in 2014', he said, 'if we adopt the government-proposed package of stabilization measures. Otherwise, Ukraine may default to minus 10% of the GDP', Yatsenyuk said.
Ukrainian gov't proposes freezing minimum wage, subsistence level in 2014 - acting PM Yatsenyuk
The Ukrainian government intends to freeze the minimum wage and the minimum subsistence level in 2014, acting Prime Minister Arseniy Yatsenyuk said.
'The government should have acted the way the Greek and Italian governments acted, namely, it should have reduced the minimum wage and the minimum subsistence level. But we understand that this size is so small that reducing them in the current situation, no matter how much we'd like to, would be unacceptable,' Yatsenyuk said at the parliament on Thursday.
'But we state officially that the minimum living standards, which are the minimum wage and the minimum subsistence level, will not be changed throughout 2014. We will neither reduce nor change it otherwise. That is, it will be at the same level that was set as of [March] 1,' he said.
Yatsenyuk also proposed to the parliament that the pensions for prosecutors and judges be calculated on a common basis.
Voice of Russia, TASS, Interfax
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