According to the EBRD press release, price hikes are eating into the incomes of Ukrainians and profitability of their businesses. That is why a GDP slowdown is expected in Ukraine. According to EBRD financial experts, Ukraine has not been hit by the world financial crisis, but it may worsen Ukraine’s economic situation soon. To pre-empt and soft-pedal the crisis, the government must increase investment in energy-saving technologies, transport system and agriculture.

EBRD has plans to invest in projects in Ukraine more than 1 billion euro, EBRD President Jean Lemierre assured.

“We expect to invest more in the private sector, banking, small and medium-sized business,” Jean Lemierre said.

EBRD representatives also advise to embark on anti-inflation measures as soon as possible to stimulate supply, notably, on agricultural markets. Capping prices, a policy used frequently by the cabinet, will not work, EBRD experts say.