Business news from Ukraine

UKRAINIAN CITIZENS IN SOUTH AFRICA ASK FOREIGN MINISTER TO HELP THEM TO RETURN HOME

Ukrainians, who occurred in the South Republic of Africa during quarantine, have asked Foreign Minister of Ukraine to help them to return to the motherland. According to the submission letter, which is in disposal of Interfax-Ukraine, there are a woman with a chronic disease who needs prescribed medicine, seventh month pregnant woman, a woman with one year old child are among those who wish come back home.
“Most visas have expired long ago…The Ukrainian Embassy in South Africa provides us with as much information as possible, but nothing depends on them,” reads the letter.
Ukrainians ask to provide them guarantees for a speed returning home.
“We are ready to undergo self-isolation under the program Diy Vdoma. But first, we need to reach home. There are our compatriots in the neighboring African countries. Why can’t they grab us together all in all?,” reads the text of the letter.

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INSTITUTE OF INTERNATIONAL FINANCE RANKS CHINA, UKRAINE, ARGENTINA, SOUTH AFRICA AND TURKEY AS MOST VULNERABLE EMERGING MARKETS

The markets of China, Ukraine, Argentina, South Africa and Turkey are the most vulnerable among all developing countries in terms of financing needs, reserve adequacy, asset valuation, institutional quality and trade resilience, according to a review by the analysts of the Institute of International Finance (IIF). Experts in May reevaluated the potential changes in investors’ interest in the assets of these countries amidst the strengthening of the U.S. dollar exchange rate, the growth of interest rates and the intensification of trade disputes.
The IIF considers the assets of Russia, the Czech Republic, Colombia, Brazil and the Philippines less exposed to such risks.
Turkey, Argentina, the Republic of South Africa, Ukraine and India have the highest need for financing, the IIF analysts believe.
The most notable improvement compared to the previous year, including that in terms of reducing needs for funding and increasing the attractiveness of assets, was demonstrated by Indonesia. In addition, the situation has improved in Malaysia, Chile, Egypt, and Brazil.
India’s position has worsened significantly, which is largely due to an increase in the deficit of the current account of its balance of payments. A comparative increase of risks is also observed in Turkey, Poland, and Ukraine.

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