Last updated on April 24, 2014 at 17:35 EDT

Sergiy Arbuzov Receives the Highest Marks of Any of the Heads of Governments or Central Banks in Eastern Europe From German Experts in Recent Report

December 3, 2012

COLOGNE, Germany, December 3, 2012 /PRNewswire/ –

In November 2012, a reputable German Center for Intercultural Cooperation and
Communication (Zentrum fuer interkulturelle Kooperation und Kommunikation e. V (ZIKK,
Cologne)) conducted a survey among German experts on the state of economies in European
countries and the prospects of overcoming the financial and economic crisis.

Twenty-five experts took part in the survey, among them economists, political
scientists, sociologists, representatives of NGOs and journalists.

Upon survey completion a press conference was held in Cologne on November 29 where the
following survey results were presented.

Eighty-eight percent of experts have expressed cautious optimism and noted the
presence of numerous indicators, which allow us to consider the mid-term perspective for
European economies in overcoming the crisis.

The highest marks of the experts for the European leaders’ efforts in overcoming the
financial crisis were deservedly awarded to the German Chancellor Angela Merkel and the
European Central Bank President Mario Draghi.

It was a pleasant surprise to know that among the heads of governments and national
banks in Eastern Europe the highest marks of German experts were awarded to the Head of
the National Bank of Ukraine Sergiy Arbuzov for successfully countering the financial and
economic crisis.

In particular, the experts noted the decisive actions of the NBU to strengthen hryvnia
exchange rate in autumn of this year, despite the political turbulence caused by the
recent elections to the Verkhovna Rada of Ukraine and the unfavorable external economic
environment (especially, in the metals market).

The majority of German experts (76%) consider Sergiy Arbuzov to be the person who can
achieve the resumption of cooperation between Ukraine and the IMF. Summarizing the views
of German experts on this issue, the ZIKK Chairman and Professor of the Economics Julius
Kesin told a press-conference: “Serhyi Arbuzov possesses, on the one hand, an optimal
combination of high-level qualification and experience, and on the other – an untapped
potential and susceptibility to the new – in order to successfully cope with the
complicated challenges which the Ukrainian economy is currently facing.”

SOURCE Center for Intercultural Cooperation and Communication, Germany

Source: PR Newswire