Ukraine

Ukraine's Yushchenko calls for unprecedented staffing, cost cuts

Ukraine's Yushchenko calls for unprecedented staffing, cost cuts Kiev - Ukrainian President Viktor Yushchenko on Monday called for unprecedented cuts in government spending amidst a desperate quest for more credit as the government battles with a looming national budgetary crisis.

Government staffing cuts of 20 per cent, formation of a national emergency financing fund, and an all-out effort to secure loans from the International Monetary Fund (IMF) topped a list of proposals offered by Yushchenko and his staff at an emergency meeting of the country's National Security Council.

Ukraine's Yushchenko calls for unprecedented staffing, cost cuts

Tymoshenko: IMF could give Ukraine 14-billion-dollar emergency loan

IMFKiev - The International Monetary Fund (IMF) could soon give Ukraine an emergency loan worth as much as 14 billion dollars, Prime Minister Yulia Tymoshenko said Thursday.

The stabilization credit for the former Soviet republic was already under active consideration by IMF leadership, and would be aimed at calming Ukraine's currently woeful stock and commodities markets.

"We have information from the IMF ... that they are prepared to provide the money," Tymoshenko said at a press conference in Kiev.

Ukraine stocks rise on news of improved overseas markets

Ukraine riot police clear MPs from election commission building

Kiev, Ukrain MapKiev- Troopers from an elite Ukrainian anti-terrorist unit had to use force Tuesday to clear protesting lawmakers from the National Election Commission building.

It was the first outbreak of violence in Ukraine's latest constitutional crisis, begun last week after President Viktor Yushchenko ordered parliament dissolved.

A reported ten MPs supporting Prime Minister Yulia Tymoshenko, a Yushchenko opponent, were inside the building in central Kiev at the time of the police assault.

Ukrainian factions at odds over possible early elections

Kiev, Ukrain MapKiev- Political battle lines hardened Saturday in Ukraine over an early election called by President Viktor Yushchenko.

Members of the party loyal to Prime Minister Yulia Tymoshenko blockaded offices of the election board in the Ukrainian capital of Kiev, reported the Interfax news agency. The protesting politicians called Yushchenko's planned election unconstitutional.

Yushchenko dissolved parliament Wednesday in the wake of the collapse of the governing coalition of his and Tymoshenko's parties last month. The new election was called for December 7.

Pages