“The biggest problems of the Ukrainian economy are concentrated in the energy and agriculture sectors,” noted Stanislav Arzhevitin, a candidate for deputy from the Electoral Bloc “Our Ukraine,” during a press conference in Lutsk. He proposed the following 10 steps that will drive the rapid development of the Ukrainian economy. “The government must be completely separated from business, because how can you create laws and government programs when most of your thoughts are concentrated on your own business.”
Stanislav Arzhevitin also insists on promoting the development of small business, whose share of GDP is only 15%, when it should be 70%. This can be achieved by dismantling shadow economic structures and through an effective regulatory policy for the distribution of funds, which can only be carried out after the creation of a stock market.
One of the most important tasks of the Ukrainian economy is the stabilization of the national currency, which will make it possible to bring order to the price market. The government should also pay great attention in its program to lending to agriculture; this can be done by lowering credit and deposit rates. “Credit and deposit rates need to be lowered, because in the world they are 3-5%, while in Ukraine they are 12-20%.” Such steps will lead to an increase in foreign investment and GDP growth.