OREANDA-NEWS. On 31 August 2009 was announced, that Ukraine's Finance Ministry reported on Friday that the country's public debt increased 16% mom to USD 33.3 bln in July. Since the beginning of the year, the public debt load is up 35%. The Finance Ministry attributed the bulk of the increase to the receipt of the third USD 3.3 bln tranche of the International Monetary Fund's loan, the placement of local sovereign bonds and the extension of state guarantees.

Concorde Capital: This level of debt constitutes some 20% of GDP, a relatively low level of government debt. Notably, at the beginning of August, the government demonstrated its desire and ability to repay its debts, with the full and timely redemption of its 2004 Eurobonds, which had a par value of USD 500 mln.

Concorde Capital is a full service investment bank operating on the Ukrainian, Russian and CIS markets. In 2007 Concorde Capital’s analytical team was recognized as the Top Team covering Ukraine by Thomson Extel's Pan European Survey. Senior Analyst Alexander Paraschiy was recognized as the Leading Pan-European Investment Analyst – European Emerging Markets. Concorde Capital is a leader when it comes to private placements and M&A deals. Concorde Capital’s sale of a stake in Electron Bank to Volksbank International AG was named the Best Ukrainian M&A deal of the year 2007 by the Adam Smith Institute.