To restore the economy of Ukraine to the level in 2008 will need from 4 to 7 years. The statement was made chairman of the National Bank of Ukraine Volodymyr Stelmakh at a joint meeting with the President of Ukraine Viktor Yushchenko.

According to the National Bank, real GDP in Ukraine in 2009 dropped to 2005 levels.
“The recovery from such a fall, according to pessimistic forecasts, should be somewhere in 7 years, according to optimistic - not less than 4 years to get us to the level of 2008,” - said Mr. Stelmach.

Speaking about plans for 2010, Chairman of the National Bank noted the need to start stimulating the economy during the exit of the recession.

Regarding the possible cost of incentive loans to commercial banks (National Bank is currently preparing a draft ruling that the National Bank plans to provide commercial banks incentive funds. refinasirovaniya The purpose of this is to encourage lending to the economy of Ukraine for the period of its withdrawal to pre-crisis settings and support the banking system the resumption of lending long-term economic program for domestic producers. - Ed.), then subject to the prior forecast of inflation for 2010 at 9.7% B. Stelmach said: “We have to take half of this inflation, that banks have added another half, and the totacf9l cost for the final borrower must be within 10%. ”

According to the National Bank, in 2010, given the government makroprognozy, including Nominal GDP 1179 bln., monetary growth in the current year in Ukraine may reach 30%.

“We think that this would not be realistic, we will focus on the 20% increase in money supply. This will not give the impact on inflation”, - said Mr. Stelmach, while adding that inflation will also depend on what growth policy of social standards will carry out the government.