KIEV, Nov. 19 – The Finance Ministry believes the most effective mechanism for improving Ukraine's balance of payments is weakening the national currency, according to the honorary president of UkrAVTO Corporation, MP Tariel Vasadze.

"There are various people – the Finance Ministry, who believe that the salvation is only in the weakening of the hryvnia and a cut in expenses, and they don't care about other things," he said at the AutoPROm.UA 2008 conference on the development of the Ukrainian car industry on Tuesday.