Foreign investment in Ukraine increased by 76% in the first quarter of 2013, compared to the same period of the last year, Prime Minister Mykola Azarov told the Cabinet meeting on Wednesday.

"According to the State Statistics Service, foreign entities invested in the Ukrainian economy nearly 1.6 billion dollar in the first quarter of the current year. This is by 76% more than in the first quarter of the last year. But as of April 1, 2013, the total amount of foreign investment amounted to about 56 billion dollar or 1.227 dollar per capita. This is obviously not enough for a country large as our. And this is obviously not enough for large-scale modernization of our economy," Azarov stated.

He tasked the Economic Development and Trade Ministry and the Foreign Ministry to intensify system work for promoting Ukraine in the global financial markets.

"In Europe there are few countries that for three consecutive years in very difficult conditions wound show small but steady economic growth and development of the internal market. And Ukraine demonstrates the growth of retail sales by 50%. Practically none has this but us. Thus, the facts prove that the government's economic policy is consistent and correct, and this should be displayed in all ratings of Ukraine," the Prime Minister said.

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