Addressing Britain’s leading politicians and businessmen at the Bloomberg News Agency in London, Victor Yushchenko said Ukraine’s economy had started to stabilize, the President's press office reported.

Commenting on the current economic situation in Ukraine, the Head of State noted that the biggest economic crises had remained in the past.

“The Ukrainian economy is recovering from all shocks it survived during the election campaign and mistakes made in the past nine months,” he said.

The President said he was convinced that in two months the economic situation in the country would considerably improve. Yushchenko said GDP growth would be resumed, for it had already began in October. He also promised that government would revise regulatory policy.

In his speech, the Head of State stressed that the new cabinet intended to make investment grow by 5-7 times. Yushchenko said he hoped this “goal will be achieved.” He stressed that it was important to restore trust between business and government. On one hand, government should create conditions for businessmen to work legally, while on the other hand, it should demand that entrepreneurs pay fair taxes.

Speaking about privatization in Ukraine, Yushchenko noted that an auction to sell the Kryvorizhstal Plant would be held “legally and transparently.”


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