The Ministry of Finance of Ukraine pledges funds for the Affordable loans 5-7-9% program in the draft state budget for 2022, but sees the need to reformat it so that most of the loans are issued for investments in fixed assets, Minister of Finance Serhiy Marchenko said.
“It is important for us to reformat this program so that most of the loans go to investments in fixed assets,” he said in an exclusive interview with Interfax-Ukraine.
Marchenko said that the Ministry of Finance held a meeting with commercial foreign-invested banks with, where they talked about proposals to modernize the Affordable Loans program. “We asked to send proposals in writing. But in writing, this does not mean the need to disturb the market, like, everything is gone and the program is not working. This is one of the most effective programs,” the Minister of Finance said.
“But in the future, it is important to focus on investment goals,” Marchenko said.
Earlier, in June, the Forum for Leading International Financial Institutions (FLIFI), headed by the Board Chairman of Raiffeisen Bank, Oleksandr Pysaruk, sent a letter to the National Bank of Ukraine (NBU) and the Ministry of Finance with a request to limit the implementation of the Affordable loans 5-7-9% program.
FOREIGN TRADE TURNOVER BY THE MOST IMPORTANT POSITIONS IN JAN-MAY 2021 (EXPORT)
STRUCTURE OF EXPORT OF SERVICES IN JAN-MARCH 2021 (GRAPHICALLY)
National bank of Ukraine’s official rates as of 25/08/21
Source: National Bank of Ukraine
Official rates of banking metals from national bank as of August 25
One troy ounce=31.10 grams
The Belarusian air carrier Belavia has extended the suspension of all of its flights to Ukraine until September 30, 2021, in line with a similar decision adopted by Ukraine, the Belavia press service told Interfax.
“The Ukrainian side informed us of the extension of its ban on Belavia flights until September 30, 2021. This is their official position. Consequently, the suspension of all fights to Ukraine has also been extended. We can’t say at this point how the situation will unfold in the future,” the press service said.
As reported, due to the Ukrainian authorities’ ban on Belavia’s flights, the Belarusian air carrier had to cancel its flights to Ukraine between May 26 and August 25 of this year.
European Union member states, Ukraine and some other countries prohibited Belarusian airlines from passing through their airspace in late May due to the Ryanair flight landing incident in Minsk. Thus, Belavia has lost access to more than two-thirds of passenger destination countries after it was banned from using the airspace of a number of countries.
