KyivPost

Azarov: Economic crisis affects Ukraine, but situation better than in 2008

Print version
Sept. 7, 2012, 5:24 p.m. | Ukraine — by Interfax-Ukraine

Ukrainian Prime Minister Mykola Azarov (in the centre) has said he recognizes the to for the Ukrainian economy due to the recession in the global economy, but has said that the situation is much better than it was in 2008-2009, and there is currently no reason to panic.
© www.kmu.gov.ua

Ukrainian Prime Minister Mykola Azarov has said he recognizes the to for the Ukrainian economy due to the recession in the global economy, but has said that the situation is much better than it was in 2008-2009, and there is currently no reason to panic.

"There are risks to our economy, and we are speaking about it openly, the president is speaking openly about it... The risks are associated with the recession in the global economy. Some may be unaware that the German economy, for example, is falling (0.5%). Some do not know this, but we know it, and we have to consider it. Ukraine's economy is still growing, by 2%, not falling. And at present we have no reason to panic, nor any alarming signals," the prime minister said in Donetsk on Friday at the celebration of the 69th anniversary of the liberation of Donbas from German occupation.

However, he said that "the crisis hasn't spared Ukraine, it has seriously hit us."

"Thus if we are accountable to our people, we must frankly say what things are like, and we're speaking about it. And we're saying that we currently need to focus on the development of the domestic market, the implementation of infrastructure projects, the activation of the construction sector, the engineering industry etc.," Azarov said.

The Kyiv Post is hosting comments to foster lively public debate through the Disqus system. Criticism is fine, but stick to the issues. Comments that include profanity or personal attacks will be removed from the site. The Kyiv Post will ban flagrant violators. If you think that a comment or commentator should be banned, please flag the offending material.
comments powered by Disqus

KyivPost

© 1995–2014 Public Media

Web links to Kyiv Post material are allowed provided that they contain a URL hyperlink to the www.kyivpost.com material and a maximum 500-character extract of the story. Otherwise, all materials contained on this site are protected by copyright law and may not be reproduced without the prior written permission of Public Media at news@kyivpost.com
All information of the Interfax-Ukraine news agency placed on this web site is designed for internal use only. Its reproduction or distribution in any form is prohibited without a written permission of Interfax-Ukraine.