PM of Ukraine: Hryvnia Is and Will Be Stable
OREANDA-NEWS. July 28, 2011. Objectively country has overcome a very important step out of the crisis – this main conclusion was made by the Prime Minister of Ukraine Mykola Azarov today during a session of the Cabinet of Ministers, where the Government together with heads of regions analyzed results of the first half of the year.
"Today in Ukraine - as never before - the financial situation is absolutely stable. Industry, agriculture, construction are growing ", - Mykola Azarov stressed, noting that exactly two years ago, Ukraine was a leader in the world in terms of the downfall of the economy, and then the government existed only in debt: every second, the Hryvnia in the budget has been borrowed. Then Ukraine was awarded the "red" - dangerous - default-index.
The Prime Minister of Ukraine noted that today "the Government was even able to 3.5 billion UAH reduce the deficit of the state budget". As a consequence, literally the other day, the international rating agency Fitch Ratings has once again raised the sovereign rating of Ukraine.
"The government has established a solid stock of all the state resources: from the gas to the wheat. The Hryvnia's exchange rate is and will be, of course, is stable, budget and monetary and credit policy of balanced and coordinated between the Government and National Bank of Ukraine", - Mykola Azarov stressed, adding that "all the authority of the International monetary fund."
At the same time Mykola Azarov noted that such indicators growth cannot be considered an unambiguous achievement. "Rather, it is we created a chance for the country, to finally move out of the crisis strip, to overcome the" Ukrainian coaster ups and failures of the economy, begin to confidently plan the life in the years ahead", - the Head of Government emphasized.
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