** People rescuing an injured passenger from inside a passenger bus hit by a truck on Dhaka-Mawa Expressway in Shologhar area of Shreenagar upazila in Munshiganj on Thursday. ** Motorcycles allowed on Padma Bridge after 10 months ** Commuters charge extra fare, passengers disappointed ** 78 people killed in Yemen stampede ** Moon sighting committee meets today to ascertain Eid day ** 9 killed in road accidents in 3 districts ** US announces new $325 m military aid package for Ukraine ** Eid-ul-Fitr in Saudi Arabia today ** Eid exodus begins ** LPG price cut illusive ** 15 hurt as bus overturns in capital ** New interbank cheque clearing timings set for Eid holidays ** Four women hit by a train die in Tangail ** 12.28 lakh SIM users left Dhaka on Tuesday ** Sylhet engineer threatened over power outage ** People rush to village homes to spend Eid holidays with their near and dear ones. This photo was taken from Sadarghat Launch Terminal on Tuesday. NN photo ** Surge in cases of dehydration, diarrhoea amid summer heat wave ** Padma Bridge construction cost increases by Tk 2,412cr ** PM gives Tk 90m to Bangabazar fire victims ** Textile workers block highway demanding wage, Eid bonus ** Attack on PM's motorcade Ex-BNP MP, 3 others get life term ** Load-shedding increases for demand of electricity during heat wave ** Motorbikes to be allowed on Padma bridge from Thursday ** 5-day Eid vacation begins from today ** Take Nangalkot train accident as a warning about negligence of govt functionaries **

Ukraine’s separatist regions face bleak economic future

09 June 2014

AFP, Donetsk :
With major enterprises closed for the past month, coal production down, and the transportation system in disarray, the economic future of eastern Ukraine's separatist territories looks bleak.
"The consequences of the conflict for the local economy have been disastrous. We're looking at a 30 percent decline in output from last year," said Yuriy Makogon, an economist at the University of Donetsk.
The areas of Donetsk and Lugansk, in the middle of the coal-producing Donbas region, declared independence last month and cut ties with the central government in Kiev. Since then, the region of six million people, Ukraine's industrial heartland accounting for one fifth of the country's total gross domestic product, has slipped into lawlessness.
The two largest companies, chemical heavyweights Stirol and Severodonetsk Azot, halted their operations in early May, citing the ongoing hostilities between pro-Russian rebels and Ukrainian forces.
One of the nation's largest shale gas projects, with an investment of over $10 billion (7.3 billion euro), has stalled.
The project's operator, Anglo-Dutch corporation Shell, insists that it is still on track, but Ukrainian Prime Minister Arseniy Yatsenyuk has acknowledged it is in trouble. The reason: A crucial portion of the deposits are located in Slavyansk, a rebel stronghold surrounded by Ukrainian forces and the scene of daily combat.
Several mines have also been forced to close down, causing a year-on-year drop in coal production of 10 percent in recent weeks.
"That's 7,000 to 10,000 tonnes of coal that we miss out on every day," said Ukraine's deputy coal minister Yuriy Zyukov.
"Many companies in Donetsk have closed the gates and sent their staff home on unpaid leave," said Gennadiy Tkachenko, the deputy mayor of Donetsk, a city of one million inhabitants.

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