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Vice Prime Minister: Ukrainian industry almost overcame consequences of Donbas blockade
22:31, 23 October 2017
Vice Prime Minister: Ukrainian industry almost overcame consequences of Donbas blockade

According to Stepan Kubiv, shortage of industrial production occurred only in two industrial groups: non-durable consumer goods and energy

22:31, 23 October 2017

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Ukrainian industry has almost overcome the consequences of Donbas blockade, Vice Prime Minister of Ukraine Stepan Kubiv said, according to the press service of the government.

He noted that the expenditure of investment activity of Ukrainian companies, improvement of the financial capacity of households, and the increase of export to the EU countries helped to boost the development of the Ukrainian industry.

Related: Ukraine denounces treaty with Russia on enterprises making military products

According to Kubiv, the industrial production of investment goods grew by 3.4%, the output of durable consumer goods - by 3.7%, and the production of intermediate goods – by 3.4%.

He also noted that shortage of production occurred only in two industrial groups: non-durable consumer goods (-0.5%) due to the high output in the period of comparison and energy (-8.7%) due to logistic problems in Donbas.

Related: Ukraine should increase domestic consumption of metal products

Kubiv also said that the possibility of a deficit of coke for the steel industry and the increase of production cost are the risk factors.

As it was reported earlier, Ukraine’s industrial production in September decreased by 0.3% compared to last year.

Related: General Electric can start production of locomotives and spare parts in Ukraine

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