The worst inflation in the world amid the constant struggle for the portfolios is the result of amateurish management of Ukraine. Changing of the government in the same Parliament will not bring fundamental changes. The economy should be led by those who have appropriate knowledge, experience, and interested in long-term growth, MP from the Opposition bloc Serhiy Lovochkin said.

“Inflation is the consequence of ill-conceived economic policy. Astronomical and unjustified increase of tariffs together with a record fall of the national currency is the main causes of inflation. The industry is devoid of foreign loans due to low credit ratings. Without investment the economy inevitably collapses, and this leads to high inflation. But for amateurs, who came to leadership positions, this, unfortunately, is not so important. They’re busy section of portfolios and powers, forgetting about the economy and social issues,” Lovochkin stated.

The politician stressed that 49% of inflation, according to the latest report of the CIA, is just one of a record of Ukraine in 2015. In the same report there was stated that our country took 222 place among 225 countries on the growth or decline of the economy: the Ukrainian GDP fell by 11%. Worse performance is only in Yemen, Sierra Leone and the Gaza Strip. Also Ukraine in the report the CIA took 199 place among 202 countries in terms of growth or decrease in production (-15%). In addition, we have the worst among all the countries of the former USSR and Eastern Europe the ratio of debt to GDP – 94.9%. Ukraine took the second place (among 56 countries) in the global rating by the interest rate of the Central Bank.

“Even in Syria, where the government last year controlled only 18% of the territory, the decline was only 4.8%,” Lovochkin said.

“Record inflation is a record drop in living standards. This is the result of work of the executive power. And even if now the Parliament gathers 226 deputies for the coalition, promised the new government unlikely differs from the old. Now the authorities need professionals, not populists. But this is fundamentally a new government can be created only after the re-election of the Parliament,” the politician summed up.

As you know, in the recently published world ranking of inflation, based on data from the Central intelligence Agency USA, Ukraine from 49% took the last position among the 225 countries for which the CIA has information.