9/28/10

Ukrainian government plans in 2011 to direct the development of the economy 100 billion hryvnia

The Government of Ukraine plans to direct economic development in 2011 of 100 billion hryvnia ($ 1 - 7.9 hryvnia). This was announced on Tuesday the Prime Minister Mykola Azarov during the conference "Ukraine: Reform, competitiveness, investments".

"If we estimate the investment share of about 20-25 billion hryvnia, if you evaluate the possibility of attracting credit resources of 50 billion a year - both internal and external loans in the aggregate - and assess (in total) about 30 billion budget resources, which we can to allocate for development, we get a figure of about 100 billion hryvnia in the year. Here's the real figure, which we expect in the next year "-" Azarov said. However, he noted that given the challenges posed in front of the government, "it's not a very large sum."

According to the head of government, if that amount would be held, the state will receive GDP growth of 10%. "This is a very good indicator, and we are in late 2011 will reach the level of 2007", - Azarov said.

He also noted that all these funds primarily will be sent in an industry where you can get the maximum short-term returns. In particular, he mentioned industries such as agriculture, construction, aviation, shipbuilding, energy-saving technologies.

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