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News / 4 February 2014 | 13:45
Analyst: Cabinet’s formation to improve economic environment

Analyst: Cabinet’s formation to improve economic environment

Formation of the new Cabinet will help stabilize the hryvnia rate and the economic situation in general, president of the Ukrainian Analytical Center Oleksandr Okhrymenko told a press conference, ForUm correspondent reports.
According to expert, this will reduce political tension and at least partially soothe political battles.

He added that part of the businessmen now buy foreign currency to protect themselves from the risks caused by political instability. "We need the new government as soon as possible to reassure business and encourage it not to buy, but sell currencies. This would reverse the market situation and return 8.2-8.3 UAH/$ rate," the economist said.

He continued that the new Cabinet will be able to sell the Russian other Eurobonds worth $ 2 billion and thus actively influence the currency market. "In addition, for both exporters and importers it will be easier to work in the foreign exchange market under the formed Cabinet. China, the Russian Federation, and European companies do not refuse to work in our country and invest money in it. However, investments as incomes of Ukrainians will grow only when there will be no sharp political conflicts," the analyst stressed.

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