The main catalyst for economic growth in Ukraine in the second quarter is Euro 2012. The second growth driver is the situation in the banking sector.
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Rising profitability of operations and the accumulation of excess resources in the second quarter to put the top management of banks to increase lending to the task. Despite the lack of clarity on the issue of cooperation with the Ukrainian economy remain good prospects. This was reported analytical service rating agency "Expert Rating", summing up the first quarter of the banking sector. According to UEFA, unsold, for the matches of the Euro-football championship in Ukraine and Poland there are only 10,000 tickets of the total number of tickets 1, 4 million units in 31 matches. This statistic indicates that the fans did not heed the call of some European politicians ignore the Euro-Cup in Ukraine. Although still very hard to predict exactly how many foreign visitors spend in Ukraine, the agency expects surge in consumption in the second quarter, which could revive business activity, both in large cities and the country as a whole. According to preliminary estimates the agency will bring fans directly to the Ukraine from 0 3 to 0, 5 billion euros, an influx of funds will experience a transport company serving the Euro-Cup at the expense of travel teams and their fans. For Ukraine, this cash flow is small, but its way from the pockets of visitors to the reserves of the NBU, these resources will be through the private sector, the activity in which no doubt will increase. These key indicators like retail trade, food consumption, utilization of transport infrastructure will increase dramatically. The second growth driver is the situation in the banking sector. High interest rates in the credit market and the accumulated liquidity artificially creates a situation in which banks in the first quarter showed record growth in operating income from interest operations. Rising profitability of operations and the accumulation of excess resources in the second quarter to put the top managers of the banks' problem loans increase, that in the context of competition in the banking sector led to a pronounced trend of lower interest rates. Time is now clearly visible scenario in the second quarter, when the surge zone business activity caused by the "export of consumption", including mechanisms for funding of GDP due to an increase of activity in the credit market. Despite the lack of clarity on the issue of cooperation with the IMF and the projected introduction of the euro zone into recession, the Ukrainian economy remain good prospects. Against the background of growth in consumption, easing monetary policy and credit conditions improve positive role in the trend to accelerate economic growth in the country can play the traditional summer seasonal price stability and a significant amount of NBU reserves of more than U.S. $ 31 billion.
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