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KIEV, November 16 (Itar-Tass) – Ukrainian government’s course at European integration offers an efficient stimulus for a profound reforming and successful modernization of the state, President Viktor Yanukovich said Wednesday at a meeting with candidates for the posts of state district administrators.
“As for Ukraine, European integration isn’t a tribute to a vogue of some kind or a goal in its own right – it’s a task aimed at the modernization and reforming of our country,” the presidential press service quoted him as saying.
He described the current economic situation in the country as stable.
“The situation that has taken shape in the economy of our state inspires certain optimism and makes it possible to discuss some prospects for improvement,” Yanukovich said.
The Ukrainian economy is showing an upward tendency for the second year on end and the inflation rate is slowing down, too, he said.
“Inflation totaled 8.9% last year and it you take the period of January through to October this year, we had 4.2%,” Yanukovich said.
He also called attention to the fact that the budget deficit envisioned for this year has reduced to 3.5%. Last year’s figure was 5.5%.