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Ukrainian govt aims to increase country's GDP by 40% in five years

Source : 112 Ukraine

It also intends to create more than one million jobs and to attract 50 billion dollars in direct investments
13:52, 17 February 2020

Open source

Ukrainian government aims at increasing the country's GDP by 40% in five years. It was stated by Ukraine’s Minister of Economic Development, Trade and Agriculture Timofiy Mylovanov.

"The main goal in the economic sphere is to provide citizens with legal work, with decent wages and to create conditions for successful own business. To this end, the government sets ambitious goals: to increase the country's GDP by 40% in five years, to create more than one million jobs and to attract 50 billion dollars in foreign direct investments," he said.

The Minister also said those were investments in fixed assets and technology, as well as in human capital.

Related: Ukraine's GDP growth: Is it good or bad?

"By 2024, Ukraine should move to the top group of the human capital index, and the average life expectancy should increase to 75 years," Mylovanov said.

As we reported earlier, in 2020, the National Bank of Ukraine (NBU) expects a reduction of the interest rate on foreign currency deposits of up to 1% and below 10% on the hryvnia.

According to its Deputy Chairman, such changes are possible in case of approval of a new program with the International Monetary Fund (IMF), and may provoke regular demonstrations under the NBU’s walls.

Related: Ukraine's economy to see up to 3.7-percent growth in 2020, - World Bank

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