Lovochkin: If Current Economic Policy Remains, GDP Growth Plans for 2022 Will Be Unachievable

The restoration of economic growth in Ukraine is unsatisfactory: according to recent data by the State Statistics Service, in the 2nd quarter of this year, the real GDP increased by mere 5.7 percent compared to the 2nd quarter of 2020, even though the Q2 2020 GDP had fell by 11.4 percent compared to the same period in 2019. Given the above, MP Serhiy Lovochkin sent an inquiry to Prime Minister Denys Shmyhal and called for measures aimed at accelerating economic growth, especially during the finalization of the draft bill of the state budget-2022 by the Cabinet.

24 September 2021

Lovochkin: Last Year’s Two-Digit Inflation Rate Resulted from Government’s Mistakes

The price surge for goods and services over the past twelve months has led to a decrease of basic social standards in real terms, including subsistence minimum and minimum pension, MP Serhiy Lovochkin stated commenting on the latest inflation data.

15 September 2021

Lovochkin: Wage Arrears Must Be Among First Subjects for New Parliamentary Session

In July alone, the wage arrears in healthcare increased by 29 percent; since early 2021, the debt figure has grown almost fourfold. According to MP Serhiy Lovochkin, the government failed to solve the issue of salaries in all strategic directions.

06 September 2021

Lovochkin: Not a Single Manufacturing Industry Approaches Its Pre-Epidemic Level

While in most countries 2021 is a year for economic recovery after pandemic losses, Ukraine remains away from these processes. According to MP Serhiy Lovochkin, the lack of real economic program by the government resulted in stagnation after the decline in production.

31 August 2021