Sunday, July 3, 2011

Lukashenko has planted Ukraine pig

Member of the Party of Regions, the president of the Ukrainian Union of Industrialists and Entrepreneurs Anatoliy Kinakh predicts a loss of competitiveness of Ukrainian products on the domestic market of Belarus in connection with the devaluation of the Belarusian ruble. According to him, the devaluation of the Belarusian national currency by about 55% will lead to a sharp increase in the cost of imported goods, which ultimately will reduce its competitiveness in relation to goods produced in this country. "Certainly, in connection with the devaluation of the Belarusian ruble in Belarus will be a sharp rise in import prices, that is worse competitiveness, including in Ukraine, and this creates a big problem in terms of delivery of this product in Belarus", - he said. In particular, the MP said, it could affect the supply of Ukrainian products of mining and smelting complex, some types of engineering products and transport. At the same time, he added Kinakh, this situation can have a positive impact on the export of Belarusian goods, in particular, delivery to Ukraine of livestock products. "Now, in a devaluation (the products) will be even more competitive. And then, of course, Belarus can receive the appropriate benefit. Including the Ukrainian market" - said president of UMB, noting that this may also contribute to incomplete reform in Ukraine in agriculture, land reform, as well as the lack of stable lending in agriculture. According to A. Kinakh, the current situation in Belarus is due to the fact that the country fails to start the necessary structural reforms, particularly on the development of small and medium enterprises, privatization, creating a favorable investment climate, and remains very dependent on markets in Russia. "In particular ... was adopted by a number of economically and financially unreasonable populist social decisions to increase salaries and pensions ... and of course the fact that most of the products uncompetitive and stored in warehouses," - said the deputy. He added that out of the prevailing conditions, the Belarusian authorities need to take some serious steps that need to be based on objective market laws. Recall, May 23 The National Bank of Belarus passed a decision to devalue the official rate of Belarusian ruble to the dollar, lowering it to 36% from 3,155 rubles to the dollar. on 23 May to 4930 rubles to the dollar. on May 24. Ministry of Industry

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