Vladimir Lavrenchuk: "the Index of investment attractiveness of the EBA showed that the most positive achievement of the year is to stabilize the financial sector"

Kiev. 15 Dec. — “the Index of investment attractiveness of the EBA 2016 years have shown that the most positive achievement of the year is to stabilize the financial sector”, — said Volodymyr Lavrenchuk, Chairman of Board, Raiffeisen Bank Aval, Vice-President of EBA, during the conference ‘Vector’17. The turning point for economic reform: how to keep right way”.

In the conference, took place on 14 December Kiev and was organized by VoxUkraine and Kyiv School of Economics, took part as officials and executives of private and public companies, experts of leading non-governmental organizations, representatives of professional associations and the international community. They expressed their estimates of economic reforms in the Ukraine and the vision of the action plan on 2017 year.

Volodymyr Lavrenchuk said: “Extremely important is the fact that inflation is curbed to 12 percent and the inflation rate becomes the main factor for pricing in the money markets. Successful achievement of this goal caused a corresponding market expectations about the future and has already contributed to lower interest rates on loans in the current year by 5 percentage points. This factor also contributed to restoring the confidence of market participants to the policy of the National Bank of Ukraine, which, in turn, commercial banks are broadcast to customers through their products”.