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Ukrainian president notes positive trends in economy

September 06, 2011, 12:34 UTC+3
The head of state said the economic growth in 2011 as compared to that last year was 5 percent, and industrial production went up by 8.7 percent
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KIEV, September 6 (Itar-Tass) —— The stable operation of the authorities has helped restore positive economic trends in Ukraine, President Viktor Yanukovich said at the opening of the new session of parliament on Tuesday.

The head of state said the economic growth in 2011 as compared to that last year was 5 percent, and industrial production went up by 8.7 percent.

"We have a stable hryvnia exchange rate and exports grew significantly," added the president. Yanukovich stressed the idea that an important role in stabilizing the situation had been played by the restoration of a capable parliament, which, thanks to decisions made, set in motion reforms in various sectors.

At the same time, Yanukovich said that although Ukraine had survived the first wave of the global crisis, it was faced with new challenges.

"There are more tests and challenges ahead. Ukraine has paid a heavy price for the first wave of the crisis – (in particular), the unfavorable gas contract, signed in 2009. And in this sense it is up to the investigators and judges to pronounce their verdict," said the head state.

 

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