Ukraine has to choose a model for its further development in 2013, financial expert Erik Naiman said during his public seminar, ForUm correspondent reports.

According to the economist, this also means the choice between European and Russian integration course.

"From economic perspective, we can be stronger and more effective than Russia, but it is necessary to create a real fair competition in all major domestic markets and conduct other structural reforms. For example, in the U.S. you can choose electricity supplier for a house and other service providers. Domestic GDP may be not 1.5-1.6 trillion UAH, as now, but 4.5-5 trillion UAH," the expert said.

He admitted that the apparent economic growth in Ukraine will resume in the second half of 2014, "GDP is generated primarily by the iron-and-steel industry and agriculture, but the part is formed by machine-building industry as well. It would be wonderful if the economic structure begins to change in favor of the industries, producing products of high degree of preparation with maximum possible value added. As for the industry, it is quite competitive now - but it needs new markets," the analyst said.

In 2012, foreign direct investment in Ukraine has amounted to $ 5 billion, he added.



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