OREANDA-NEWS. May 18, 2009. Vice Prime Minister of Ukraine for European and International Integration Hryhoriy Nemyria has held an Investment presentation of Ukraine “Ukrainian Banks and Industry Adjusting to New Economic Challenges” in the course of Business Forum, within the scope of his visit to the Great Britain.

Hryhoriy Nemyria informed the Forum’s participants on the state of economic development of Ukraine, adaptation of Ukrainian banks and industry to the new economic challenges and measures taken by the Government of Yulia Tymoshenko aimed at overcoming consequences of the global financial crunch in Ukraine.

According to him, nowadays within the frames of bail-out measures directed to stabilization of the banking system the Gov’t of Ukraine and the National Bank ensure introduction of a complex strategy to solve problem issues of banks: introduction of recapitalization bank program, support of liquidity, stimulating of crediting, resuming of trust of the population to the banking system, facilitating restructuring of unacceptable level of debts by enterprises and households.

The Vice Premier stressed these steps as well as support rendered to Ukraine by international financial organizations create prerequisites for the sooner invigoration of financial economic sector of Ukraine.

“Results of January-April have proved despite worsening of main conditions of the development of external environment Ukrainian economics has stood shocks of the world crisis and adjusted rather to them quickly, which is also connected with realization of a clear anti-crisis program of the Government,” Hryhoriy Nemyria underlined. 

The positive features, which are seen from gradual tendency of getting out of the crisis, imply slowing down of shortening of industrial output on the outcomes of January-April, tendencies in foreign trade, “soothing” of currency market and slowing down of inflation dynamics during February-April, he explained.

Moreover, Hryhoriy Nemyria informed the Forum’s attendees on cooperation of Ukraine with such financial institutions as the World Bank and the IMF and called on the EBRD to follow the IMF example to assist in invigoration of Ukraine’s economy.

“Your technical experience and financial aid in resuming of our banking system and key economic branches appear determinant,” he urged.

It was reported that through May 14-17 Vice Prime Minister for European and International Integration Hryhoriy Nemyria is staying with an official visit to the Great Britain.

Hryhoriy Nemyria leads a delegation of Ukraine to participate in the Annual Meeting of the Board of Governors of the European Bank for Reconstruction and Development which is to assemble on May 15-16 in London.