Soros predrek Ukrainian economy early default.

KommentariiKletka for tigra25.02.2009Risk defaults in Eastern Europe is rapidly rastetEkonomika Ukraine is close to default. The statement was made by an American billionaire and investor George Soros, reported Reuters. He also believed that "serious problems" are in the Baltic countries.
Eastern European countries were among the most severely affected by the global crisis. Earlier reported that some of them, in particular, Latvia and Ukraine, are in a position close to default.
At the same time the Ukrainian economy is stronger than any other Eastern European countries affected by the crisis. In particular, production in the country's steel mills, in fact, the main industry of Ukraine has become unprofitable because of falling metal prices. Gross domestic product (GDP) of Ukraine decreased in January-February 2009, at 30 per cent over the same period in 2008, and the volume of industrial production in January 2009 fell by more than a third compared to the same month of 2008.
Earlier, the International Monetary Fund (IMF) has provided the States of the region to rescue their economies, the credit line amounting to almost $ 100 billion. To support the national economy of Ukraine has received a loan from the IMF in the amount of 16,5 billion dollars, but the country received the first tranche of its (4,5 billion).