GDP growth is expected to exceed 2% in 2017, - Ukrainian President

Source : 112 Ukraine

Ukraine-Malta business forum took place in the framework of the state visit of the President of Malta to Ukraine
10:23, 18 October 2017

Ukrainian President Petro Poroshenko noted the achievement of macroeconomic stability and growth trends in Ukraine. The real GDP grew by 2.3% during 6 months of 2017, according to the President during the Ukraine-Malta business forum that took place in the framework of the state visit of the President of Malta Marie-Louise Coleiro Preca. And this in conditions of war and Russia’s occupation of the Ukrainian territory, where industrial enterprises are located. Building industry also increased by 25.4% during the first 8 months of 2017; the growth of capital investments for 6 months of 2017 amounted to 22.5%; the international reserves of the National Bank in August 2017 amounted to almost 18 billion dollars. The press-service of Ukraine's President reported that on their official website.

"This is a demonstration of our stability. I can assure you that the forecast is optimistic," the President said, adding that the GDP growth is expected to exceed 2% in 2017 and 3.2% in 2018.

In her turn, President of the Republic of Malta Marie-Louise Coleiro Preca emphasized the strategic geopolitical significance of Malta and Ukraine for their regions and the important role of her country not only as "a bridge to the African continent," but also an important member of the Commonwealth of Nations, which includes 53 countries.

Related: Poroshenko urges Malta for active participation in OSCE SMM in Donbas

At that, Marie-Louise Coleiro Preca stressed the importance of direct air connection between Malta and Ukraine starting on March next year, which was agreed upon during the meeting between the two Presidents.

"Malta can offer a lot to Ukraine - logistics centers, financial institutions, training centers, tourism, hospitality services, medical education and studying English as a foreign language," the President of Malta said. At the same time, she emphasized that Malta is very interested in agrarian goods of Ukrainian production, as well as in IT services, which Ukraine is already actively exporting.

Marie-Louise Coleiro Preca also expressed confidence that the Ukrainian company "Antonov" will successfully develop its business in Malta to meet the needs of companies in Africa.

As we reported earlier, President of Malta Marie-Louise Coleiro Preca visited Ukraine yesterday, on October 17. Over the first six months of 2017, the total trade turnover between Ukraine and Malta grew by 64 percent. President of Ukraine Petro Poroshenko thanked President of Malta Marie-Louise Coleiro Preca for the extension of the sanctions against Russia due to the aggression in Donbas and the annexation of Crimea.

Related: Ukraine, Malta are interested in cooperating in agricultural sector

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