Azarov: Investment in construction strengthens Ukraine's economy

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Aug. 10, 2012, 6:04 p.m. |

Prime Minister Mykola Azarov has said he considers investment in construction to be promising.

Ukrainian Prime Minister Mykola Azarov has said he considers investment in construction to be promising.

"Now, when there is such a complicated economic situation in the world, there are countries that are trying to save money on this: they cut spending on capital construction - but that's a road to nowhere... A hryvnia invested in construction increases by 1.5 times in the volume of gross domestic product, i.e. it is a multiplier and significantly enhances the development of our economy," he said, speaking at the events dedicated to the Day of Builder in Kyiv on Friday.

According to the prime minister, Ukraine largely came out of the crisis thanks to investment in capital construction. He said the government plans in the future to invest funds in this sector.

In particular, he noted that the cabinet has set the task of achieving a level of construction of 100,000 apartments per year.

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