Tihipko: Ukraine needs $10-12 billion of FDI per year

In 2012, Ukraine will receive up to $7 billion of foreign direct investment (FDI), vice Prime Minister, social policy minister Serhiy Tihipko said at the international conference "Improving the business environment - the main factor of creating a competitive economy", ForUm correspondent reports.

"$10-12 billion of FDI annually - is the minimum, which our country, which would create opportunities for GDP growth of 5.7% per year. But in 2012, I think we won’t be able to get this amount of investment, because of investment climate deficiencies and continuing global economic crisis," the official said.