05 June 2008, 12:38
Arseniy Yatseniuk, Chairman of The Verkhovna Rada of Ukraine, opened the 5th Ukrainian Investment Forum "Reality and Prospects" that is being held in Kyiv.
Opening the Forum, the Leader of Ukrainian Parliament dwelled upon the economic situation in Ukraine. Arseniy Yatseniuk stated that such a situation originated due to both external and internal factors. The former include world energy, financial and provision crises.
The Chairman of The Verkhovna Rada of Ukraine expressed his opinion concerning possible methods of overcoming inflation. "The expenditures of the State budget are to be curtailed in order to restrain inflation. Inflation can not be halted due to budget expenditures, revaluation of national monetary units or separate actions of the Central Bank or Government", - stated Arseniy Yatseniuk. "Inflation can be halted only provided all branches of power adopt systematic, clear-cut and consistent decisions".
Arseniy Yatseniuk also deems necessary to settle the issue concerning product proposal.
The Chairman of The Verkhovna Rada of Ukraine believes that Ukraine will have a high level of inflation in Year 2008, and the growth of Gross Domestic Product will make 6-7 per cent. At the same time, Arseniy Yatseniuk encouraged international investors to invest in Ukrainian economy.