Devaluation of grivna raises competitive capacity of Ukrainian exports but… According to Valeriy Geets, director of the Institute of Economics and Forecasting under the National Academy of Sciences of Ukraine, devaluation of the grivna raises competitive capacity of Ukrainian exports. As far as investments in the Ukrainian economy are concerned, he thinks they yield a 35% effect this year while in 2015 their effect is supposed to make up 65%. It is desirable that each percent of GDP growth should be followed by a 2.5-3.5% increase in investments. Given that self-proclaimed, neo-Nazi authorities in Kiev have lost Crimea, the Donetsk and Lugansk People’s Republics whose share in this country’s exports accounted for 25%, Ukraine’s GDP is expected to decrease by 5% this year. Appraising the present-day situation, experts point out a cutback in industrial output in Ukraine except the pharmaceutical industry. An increase in food prices has become moderate today, compared with last year. A more pertinent worry is that the illegitimate Yatsenyuk government has failed to overcome corruption. Ukrainian bureaucrats persist in accepting dirty grafts and kickbacks with interest on the risk of being caught red-handed.
Posted on: Sat, 08 Nov 2014 08:45:07 +0000
Trending Topics
Recently Viewed Topics
© 2015