The NBU maintains this year’s economic growth forecast of 3.7% despite the situation in the energy sector and expects positive results from tax increases.

As noted by the head of the National Bank, Andriy Pyshnyi, the regulator remains largely confident in the forecast it presented in July.

“The economy will grow by 3.7% this year. The assumption regarding the electricity deficit for this year is 7%. If there is no new significant destruction, we can even improve it in October,” Pyshnyi noted.

The head of the NBU drew attention to the fact that banks have united to provide financial support for the energy sector’s restoration. The number of lending applications that banks have already approved for restoration of both small and large amounts of generation capacity exceeds 1,000.

“To date, more than 100 MW have been financed. The system is gaining momentum, competition between banks is growing, much more will be financed,” the NBU chief emphasized.

Also, according to Pyshnyi, the planned tax increase will have a complex effect on the economy and even stimulate economic activity.