Cabinet of Ministers of Ukraine supported the proposal of the Ministry of industrial policy to restructure the debts Sumykhimprom, in particular, to NAK Naftogaz Ukraine "and the Pension Fund.

According to an UNIAN correspondent, such a decision at today"s Cabinet meeting journalists said the Minister of Industrial Policy of Ukraine, Vladimir Novitsky.

"The Cabinet supported the measures that we have proposed to restructure the debt on the gas and the Pension Fund" - the minister said, without specifying details.

He also said that the Industrial Policy Ministry is developing instruments to attract bank loans to replenish working capital Sumykhimprom to repayment of past debts of the enterprise.

As UNIAN reported earlier, on Nov. 30, 2009 NAK "Naftogaz Ukraine" has ceased gas Sumykhimprom because of debts of the enterprise. Evening on December 2 gas supplies were resumed.

December 7, 2009 CEO of Faith Lavrik in a letter of appeal to the political forces of Ukraine reported that executives Sumykhimprom agreed with the Government of Ukraine on gas deliveries in winter period and the restructuring of debt for the consumed gas. Click to continue »

global volume of foreign investment last year fell by 39% - to $ 1 trillion, but may recover slightly this year, writes The Wall Street Journal, citing the report of the UN Conference on Trade and Development (United Nations Conference on Trade and Development, UNCTAD).

In 2008, t1000he world volume of foreign investments amounted to $ 1.7 trillion.

UNCTAD economists said uneven reduction: 41% for developed countries and by 39% - for countries with developing economies.

The smallest decrease was recorded in China - only 2,6% on the level of 2008, while in the U.S. volume of foreign investment decreased by 57%. The largest volume of foreign investment remains took place in the U.S., with China climbed to second place, beating France and the UK.

UK with was the record for the fastest decline in investment, which last year declined by 92.7%.

Other BRIC countries do not feel as confident as China: Investing in the Brazilian economy has decreased by 49,5%, in the Indian economy - by 19%, in Russia"s economy - by 41,1%. Click to continue »

The International Monetary Fund Managing Director Dominique Strauss-Kahn said that the yuan is undervalued and should be free to bargain in that case, if China wants to make his international currency.
 

With the growth of China"s role in the global economy will grow and the role of its currency, said the head of the IMF, speaking at a press conference in the Asian Financial Forum in Hong Kong. Earlier, China rejected calls for U.S. and EU that the RMB exchange rate should set the market. Forecasts of further strengthening of the RMB have led to a greater influx of foreign capital in China.
 

"Asian governments are now concerned about how to manage these flows, their impact on the exchange rate on domestic demand, financial stability, and the emergence of bubbles in asset markets. In many countries, the exchange rate should become a key decision especially where the currency is undervalued, "- said Strauss-Kahn.
  

Foreign investors are actively investing their money into Asian assets, as this region led global economic recovery. Public expenditure on Asian economic recovery exceeded $ 2 trillion. Index MSCI Asia Pacific Index rose by more than 50% compared with last year.
 
 

In such circumstances, the Chinese authorities have to cope with record growth in lending, which fueled the boom. The growth of foreign direct investments in the country in December 2009 rose by more than 2-fold, compared to the same period in 2008. Click to continue »