Public debt stays level at USD 54.6 bln in January

Ukraine’s public debt stayed virtually unchanged in January, rising by a marginal 0.4% to USD 54.6 bln or 40% of GDP 2010. Mykyta Mykhaylychenko: In the months to come, public debt is set to increase as in February, the Finance Ministry tapped the Eurobond market with a USD 1.5 bln issue, and the next tranches from the IMF can be received in March-April. We expect public debt to reach 42%-43% of GDP by end-2011.