Oleksandr Makhmudov,
President Dicom Corp. and Ukrprom Association:
Americans literally say that business must be done using somebody else's money, and they are right. The United States, with foreign loans reaching 60% of GDP, borrows at 7% and receives 15% when implementing each such loan. In other words, not only is the interest on the loan covered but quite a decent revenue received. And Ukraine? It borrows money and then uses it not in production (as required by the rules of business and common sense) but in the sphere of consumption. In other words, money is first borrowed and then sold. The result: the burden of debts rests not only on today's budget but also on its children. Until the government realizes that borrowed money must justify itself, pay off (which is possible only in the sphere of production), as well as bring some profit, this loaning business will continue to lead us nowhere. There is no such understanding at present, so there is every reason to fear new debts. Given this approach, they will never benefit Ukraine's economic growth.







