Volodymyr Lavrenchuk has shared his expectations for the year 2018 during the meeting of the European Business Association

Kiev. 1 Feb. — Chairman of the Board Raiffeisen Bank Aval, Vice-President of the European Business Association, Volodymyr Lavrenchuk took part in meeting Global Outlook 2018: “Think beyond. Stay ahead” with which the Association launched today a new business season. The event took place in Kiev and was dedicated to economic forecasts and expectations of the business community in the new year.

His professional opinion was given by the heads of international companies and Board members of the Association, who spoke about maintenance business Ukraine in the context of global macroeconomic trends, and also shared his vision of the business climate in Ukraine.

“Today, the financial market is a challenging, high interest rates as a consequence of high inflation hamper the ability for businesses to service the loans, — said Volodymyr Lavrenchuk, answering questions regarding trends in Bank sector 2018 year. — you should expect a significant acceleration of economic growth. But, with the other hand, we in our Bank are seeing a clear increase in customer activity. Recently, an agreement was signed with EBRD on the program of distribution of risks. This program gives us the opportunity to double the support that we provided to Ukrainian companies in developing their business. The demand is significant, and we plan to expand our cooperation with other financial companies, such as the European investment Bank and IFС”.

“Although the level of inflation was higher than expected, significant for us market participants is that the national Bank of Ukraine effective on the event while keeping inflation under control. It is important for us to know that the situation is controlled and there are no large fluctuations in the market — he said. — on the other hand, there are warnings about the increase in the share of public institutions in the financial sector. It can create preferences for certain companies and, in turn, hinder the healthy development of the financial system”.

“overall, we are very high expectations for the implementation of reforms important for the development of business. We are doing everything possible to make our interaction has been useful, and are quite optimistic with regard to the adequacy of funding quality in 2018 year" — said Volodymyr Lavrenchuk.

European Business Association was founded in 1999 year support from the European Commission in Ukraine. Today she’brings together more than dev's five hundred companies and one of the major communities business which includes representatives of the foreign, in particular — European, domestic businesses that operate on the Ukrainian market.