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Azarov predicts 2011 GDP growth at about 10%

Posted by the Editor on September 29, 2010


News / 29 September 2010 | 14:45

Azarov predicts 2011 GDP growth at about 10%

Azarov predicts 2011 GDP growth at about 10%

The Prime Minister of Ukraine Mykola Azarov predicts 2011 GDP growth at about 10% by attracting investment into the Ukrainian economy at about 100 billion UAH, as he said at the conference “Ukraine: Reform, competitiveness, investments”.

The Prime Minister noted that approximately 20-25 billion would be attracted by the investment of resources, about 50 billion – from internal and external loans and 30 billion from the budget, which the Government would allocate for development.

“As a result we get a figure of about 100 billion a year. Here’s the real figure, which we expect next year. If we implement this, we will obtain the GDP growth of about 10% – a pretty good indicator, and we at the end of 2011 will go to the level of 2007,” he said.

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