The Verkhovna Rada (Ukrainian parliament) has approved in principle the draft State Programme on Economic and Social Development of Ukraine for 2010, according to UKRINFORM.

It is envisaged that the state program will help restore economic growth, lay down an investment foundation for sustainable economic development, help solve acute social problems and improve the general welfare of the population.

Under the program, in 2010 it is expected to reach real GDP growth of 3.7%, nominal GDP is projected to be UAH 1,83 trillion (USD 1 - UAH 7.926). A rise in industrial production is expected to be at 5.3%.

Average inflation in 2010 against the previous year is foreseen at 12.2%.

It is expected that foreign direct investments to Ukraine's economy in 2010 will amount to USD 5 billion.

The parliament also decided to consider the draft program shortly and submit it for consideration to be adopted in full even the next plenary week.


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