Ukraine

Ukraine traffic cops take aim at mobile phone-addicted drivers

Kiev - Ukraine is a paradise for motorists addicted to chatting on mobile phones and driving at the same time, and the former Soviet republic's police face an uphill battle breaking the habit.

At a busy Kiev central city intersection on a sunny autumn afternoon, phone conversations audible through open windows displayed nothing less than epidemic violation of already-existing regulations banning phone calls behind the wheel. One in 10 drivers was on his or her mobile at any given moment, a Deutsche Presse-Agentur dpa reporter estimated over a half hour of observation.

Financial crisis halts most Ukraine prep work for Euro 2012

euro-2012Kiev - Ripples from the world financial crisis have shut down most Ukrainian preparation work for the Euro 2012 football championship, government officials said Thursday.

As much as 80 per cent of the infrastructure projects needed in the former Soviet republic to host the premier sports event have come to a complete stop for lack of funding or because of administrative difficulties, said Evhen Vilinsky, a spokesman for Ukraine's Euro 2012 preparation ministry.

IMF speeds up short-term loans for cash-strapped governments

IMF speeds up short-term loans for cash-strapped governments Washington - The International Monetary Fund on Wednesday approved a new programme to provide emergency loans to countries facing serious cash shortages in the wake of an ongoing financial crisis.

Countries with a "track record" of solid economic policies can now apply for three-month loans without the usual conditions attached, IMF Managing Director Dominique Strauss-Kahn said. Typical IMF loans come with certain policy expectations.

EU, Ukraine launch visa-free dialogue

EU, Ukraine launch visa-free dialogueBrussels - The European Union on Wednesday launched talks with Ukraine on allowing Ukrainian citizens to travel to the EU without visas, with Kiev targeting a result before 2012.

"This is a very important event in Ukraine-EU relations. ... For us it's absolutely clear that this should be done not in decades but in years: it's essentially important to finish this process before 2012," Ukrainian Foreign Minister Volodymyr Ogryzko said.

Ukraine: Iran will buy, build mid-range An-148 passenger jet

Kiev - A senior Ukrainian aviation official said Iran intends to purchase and later produce a licensed version of a Ukraine's Antonov 148 mid-range passenger jet, the Interfax news agency reported on Wendesday.

Dmitro Kiva, chairman of the Kiev-headquartered Antonov aerospace factory, said Iran "will fully participate" in the subsequent production of the aircraft.

The An-148 is a twin-engine high-wing passenger plane designed for operation at rough airfields. Ukraine developed the aircraft during the 1990s and certified the single flying prototype in February 2007.

Bank chief: Parliament must approve IMF loan or face default Eds: Adds info on IMF terms, latest parliament moves

Kiev - Ukraine's parliament must approve a 16.5-billion- dollar assistance package from the International Monetary Fund (IMF), or the former Soviet republic will face default, the country's national bank head said Tuesday.

Volodymyr Stelmakh, chairman of the National Bank of Ukraine (NBU), said Kiev desperately needs the low-cost loan, as without it the NBU "almost certainly" would be unable to honour Ukraine's foreign debts.

Stelmakh's statement, made at a Kiev press conference, was Ukraine's clearest warning yet that the world financial crisis had left the country short of cash and on the edge of default on bonds sold in international markets.

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