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Groisman assures Ukrainian economy has considerable potential for growth
04.07.2016 12:09 "Agro Perspectiva" (Kyiv) —
While speaking within a Cabinet meeting by end last week, the Ukrainian Prime Minister Volodymyr Groisman told Ukrainian economy has considerable potential for growth, and the Government will take measures to address the constraints, Government Portal reports.
«Growth could be much more. I do not see any objective obstacles except subjective ones. The potential of Ukraine is much more than this growth and living standard of people,» Groisman said within considering of the
the Forecast for the Ukrainian 2017 economic and social development and Ukrainian 2018–2019 economic and social development key macroeconomic indicators.
«Inadequate governance, unreformed economy led to a tremendous fall and those shocks that we have today,» he admitted.
As to the report, among the activities that will open opportunities to enhance economic growth, Groisman named a favorable business climate, transparent privatization of state enterprises, the creation of a fair trial, the development of international markets, deeper product processing in Ukraine, investment in important sectors, such as construction, as well as modernization of enterprises.
«Good governance will ensure success,» he added.
So, speaking about legalization of the economy, Groisman said that last year nominal product had totaled UAH2.2 trillion.
Groisman admitted that from 45 to 60% of the economy is now in the shadow.
As to him, Ukraine has to boost real wages and change the situation in the labor market.
«We have to invest in job creation, and not compensation for unemployment,» he emphasized.
Also, as to him, the public privatization of State-run enterprises will contribute to economic growth: this
will enable to involve funds to the state budget, get an effective owner, quality product, competition, market price, new jobs for citizens and combat corruption.
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