The Prime Minister of Ukraine Mykola Azarov summed up the results of the first half of 2012 at the Cabinet meeting, as ForUm reports.
"Despite the euro zone recession, the GDP growth amounts to 2.5%, the industrial output has grown by 2.7%, the volume of the farm production has increased by 7.4% and the retail trade has come up by 16%," he said.
According to the prime minister, these indicators are positive. "But there are directions that need a special attention. Addressing the Ministry of Regional Development, I want to say that the construction industry development is not steady, and there is a necessity to make the bold steps towards the deregulation, to attract the investments and to create favorable conditions for the investing. In spite of the law on deregulation the local authorities continue to restrain the difficult process of investing," the head of government said.
Azarov also stressed that Ukraine's economy needs cheap loans.
"Despite the euro zone recession, the GDP growth amounts to 2.5%, the industrial output has grown by 2.7%, the volume of the farm production has increased by 7.4% and the retail trade has come up by 16%," he said.
According to the prime minister, these indicators are positive. "But there are directions that need a special attention. Addressing the Ministry of Regional Development, I want to say that the construction industry development is not steady, and there is a necessity to make the bold steps towards the deregulation, to attract the investments and to create favorable conditions for the investing. In spite of the law on deregulation the local authorities continue to restrain the difficult process of investing," the head of government said.
Azarov also stressed that Ukraine's economy needs cheap loans.
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