Yanukovych: Ukraine has emerged from economic crisis

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July 30, 2012, 7:14 p.m. | Politics — by Interfax-Ukraine

Ukrainian President and honorary head of the Regions Party Viktor Yanukovych

Ukrainian President and honorary head of the Regions Party Viktor Yanukovych has said the economic crisis has been overcome in the country.

"We knew about the challenges and threats faced by the state, and we have, without exaggeration, managed to save Ukraine. The first conclusion I'd like to draw on the results of the previous two years is that the country has emerged from economic crisis," he said in Kyiv on Monday while addressing the 14th Congress of the Regions Party devoted to the forthcoming parliamentary elections in October 2012.

According to Yanukovych, the Ukrainian economy has stabilized; inflation in the first half of 2012 was less than 0.1%.

"This is the best indicator over the past decade," the president said.

According to him, the state budget deficit in 2010-2012 "shrank by several times."

"GDP last year grew by more than 5%; its growth continues this year ... exports of Ukrainian goods have increased by a third, the forex rate of the hryvnia is steady. This stability was due to the growth of foreign direct investment in Ukraine by almost $11 billion," he said, saying that this was the result of the consistent implementation of reform to modernize the country.

The president also said that over the past two years the average salary in the country had grown by more than UAH 1,000.

The Kyiv Post is hosting comments to foster lively debate. Criticism is fine, but stick to the issues. Comments that include profanity or personal attacks will be removed from the site. If you think that a posted comment violates these standards, please flag it and alert us. We will take steps to block violators.
gary yellando July 30, 2012, 7:39 p.m.    

cleaver Yanko....only deputies had more cleaver this thug

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from eu July 30, 2012, 7:58 p.m.    

lies,a lot of people in ukraine is poor,the ukrainian people continue to come in eu for work,so for you this is emerge from economic crise?people has no money for to pay hospital,medicine.ambulances,in which country are you living?come down from the tree and do something good for ukrainian people and not only bla bla like putin

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from eu July 30, 2012, 8:02 p.m.    

sorry the right title is :janu ,azarov,tigipko families has merged from economic crises.......stolen ukrainian people money

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blueriver July 30, 2012, 11:17 p.m.    

Ask the Idiot Yanukovych to name 6 cities in West Ukraine....his responce = Uh Uh aaaaa....aaaUhh..

Big Idiuot knows nothing about Economic except Bribes

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David Willcox July 31, 2012, 1:21 a.m.    

The only way is down~Like all Tyrant's in history ~his demise may include his blood line!

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freedom..... July 31, 2012, 5:24 a.m.    

".......growth of foreign direct investment in Ukraine by almost $11 billion," he said....."

This is a bold face lie and pure propoganda and bullshit.
Foreign investment has shrunk to only $1 billion.

Never, never trust the words of a dictator.....

He is so out of touch with reality; he doesn't know if he lives in roosya or zookraine!!!!!!!1

What a pathetic pig...!

When is someone going to shoot this tub of shit!!!


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