OREANDA-NEWS  On 06 March was announced, that Prime Minister of Ukraine Yulia Tymoshenko suggests elaborating an effective mechanism of refinancing of commercial banks. The Head of Government informed during a meeting.

Yulia Tymoshenko emphasized for now the banks have been refinanced at over UAH 45 bn and the efficiency of use of funds can not be checked, as the Government has no legal right for that. The Head of Government added these resources had been received by banks without any conditions concerning areas they flow into, whether into solving problems of citizens or real economic sector.

According to Yulia Tymoshenko, to maintain effective refinancing of banks the register of citizens has to be made who took credits for business under the flats mortgaged so that refinancing should be held according to this register.

The Head of Government is surprised with the position of the National Bank of Ukraine that doesn’t apply necessary mechanisms in this direction: “The instrument exists, it should be just used properly”.

The Premier added, the Government is also interested in prolongation of credits for small and average businesses as “it is just small and average business which is the core of economics of the country”.

Moreover, Yulia Tymoshenko urged unstable currency policy and overvalued credit rates could destroy small and average business: “That’s why the Government is opposed to the NBU”.