Ukraine's leading English-language newspaper since 1995

The Ukrainian economy is gradually emerging from the crisis, according to the chief of the International Monetary Fund (IMF) mission to Ukraine. The Ukrainian economy is gradually emerging from the crisis, according to the chief of the International Monetary Fund (IMF) mission to Ukraine, Thanos Arvanitis.

"During the past two months, industrial production in Ukraine has demonstrated some progress... which indicates a gradual recovery of the economy," the press service of the Ukrainian Economy Ministry quoted Arvanitis as saying at a meeting with Economy Minister Vasyl Tsushko.

According to the ministry's press service, Tsushko briefed the IMF representative on the main priorities of the government, among which he singled out the recovery of public finances and the banking system, as well as the improvement of the investment climate in the country.

In addition, he said, the government will pay a great deal of attention to the preparation of the finals of the Euro 2012 European Football Championship, reducing Ukraine's shadow economy, and restoring the country's economic development through implementing reforms.

As reported, the IMF mission lead by Arvanitis is visiting Ukraine from March 24 until April 2 to discuss the possibility of restarting the country's cooperation program with the fund.