The volume of public debt of all countries of the world in 2022 will increase by 9.5% and reach a record high of $71.6 trillion, according to the Sovereign Debt Index study by the British management company Janus Henderson.
In 2021, global public debt rose by 7.8% to $65.4 trillion, with an increase in borrowing observed in all countries covered in the study.
In the meantime, the total cost of servicing the debt has fallen to $1.01 trillion, that is, the actual rate was only 1.6%, according to CNBC research.
In 2022, global public debt service spending is expected to jump 14.5% to $1.16 trillion.
Analysts Janus Henderson believe that the UK will face higher borrowing costs than other countries due to higher interest rates of the Bank of England and a significant amount of government debt with floating rates tied to inflation. Domestic consumer prices jumped 6.2% year-on-year in February, the fastest pace since March 1992.
European countries will also actively place government bonds due to the need to sharply increase government spending on defense in light of the military events in Ukraine, said Bethany Payne, portfolio manager at the company.
Hungarian Prime Minister Viktor Orban, in a telephone conversation with Russian President Vladimir Putin on Wednesday, suggested that he hold talks in Budapest with his Ukrainian counterpart Vladimir Zelensky, European media reported.
“The answer was yes, but the Russian president says he has certain conditions,” Orban was quoted as saying by the media.
According to them, Orban said that he also invited French President Emmanuel Marcon and German Chancellor Olaf Scholz to Hungary for talks.
In turn, Bloomberg reported that, in addition, during the conversation, the Hungarian Prime Minister spoke in favor of a ceasefire in Ukraine.
According to Bloomberg, Orban also said that he did not refuse cooperation with Russia in the nuclear field.
In addition, according to Euronews, when asked whether Hungary would pay Russia for gas in rubles, Orban replied that “paying in rubles will not be a problem for us.” “If the Russians want to be paid in rubles, we will pay in rubles,” the Hungarian prime minister said.
International partners will help Ukrainian operators to purchase the necessary equipment to upgrade communications in Ukraine.
As reported by the Ministry of Digital Transformation of Ukraine in its Telegram channel, due to large-scale hostilities, the Russian invaders damaged the network of Ukrainian telecom operators, which left people in many settlements without access to the Internet.
“International partners will help operators purchase the necessary equipment to update communications in Ukraine. The first equipment will begin arriving in Ukraine in the middle of April. This is a completely volunteer initiative of volunteers who are making every effort to keep Ukrainians access to important information,” the Ministry of Digital Transformation said.
The project is implemented by the Global NOG Alliance initiative with the participation and support of the Ministry of Digital Development, industry associations of the Association of Copyright Holders and Content Providers, the Internet Association of Ukraine and DEPS.
The Ministry of Digital Transformation said that Ukrainian operators continue to provide services every day in regions where it is possible, and resume Internet access for Ukrainians.
“In order to help provide Internet to all settlements faster, we are launching the Keep Ukraine Connected project,” the ministry said.
EQUIPMENT, HELP, INTERNATIONAL PARTNERS, UPGRADE COMMUNICATIONS
Number of unemployed in Ukraine and job opportunities, Dec 20 – Oct 21
Since February 24, 2.5 million citizens of Ukraine have crossed the Polish border, according to the Polish Border Guard Service.
“Yesterday, on April 5, 21,000 travelers were registered, which is 13% more than the day before (18,500). Today, 4,700 had been issued by 07:00 with an increase of 23%,” the message posted on Twitter says.
Since February 24, 485,000 people have left Poland for Ukraine.
Housing construction is resumed in Kyiv: the first project in the capital, where construction and installation work was resumed, was the New England residential complex.
According to the press service of the developer of the Royal House project, starting from April 5, 2022, the construction team in New England began work on the Lincoln house (5th stage of construction), work on other houses of the complex will gradually resume.
