PM of Ukraine: Now We Should Cure Credit Dystrophy
OREANDA-NEWS. April 06, 2011. The Prime Minister of Ukraine Mykola Azarov suggested to the National Bank of Ukraine to reduce lending rates to 12% for specific investment projects under the refinancing of the National Bank of Ukraine. This Mykola Azarov said at a meeting of builders of Ukraine.
"Serhiy Gennadiyovych, let's reduce the rates of specific investment projects, for example, at an average current rate of 18-19%, certain bank under NBU refinancing for the specific project will provide funds at an interest rate - 12%. But it must be under strict control of the bank, and only for specific investment projects ", - Mykola Azarov emphasized.
He stressed on the need to restore and mortgage. Unfortunately, this year the Government can not allocate significant funds for these kinds of loans. The Prime Minister said that this year on these requirements allocated 1 billion UAH and in the next year from the budget will be allocated 10 billion UAH. "This year, about billion we have already identified, but next year I can guarantee we'll place a mortgage of 10 billion UAH", - the Prime Minister noted.
But he added that the Government and local authorities will bear the costs of the engineering preparation of construction areas. According to Mykola Azarov, the new building platforms will be briefed on all networks: power, water and wastewater.
However, builders have to lay the optimum profitability on newly built homes. "Now to solve the crisis, should lay the optimal price in profitability, I'm not talking about the minimum, and I stress - the optimum. Then we restore people's demand for square meters of housing", - Mykola Azarov concluded.
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