The Kyiv Post welcomes feedback about our new website and we stand ready to fix any problems users might encounter in our test phase. Contact us at: news@kyivpost.com or +38-044-591-3344. Thank you!

Share Tweet Pocket Add to Bookmarks
You're reading: Azarov: Investment in construction strengthens Ukraine’s economy

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.

Found a spelling error? Let us know – highlight it and press Ctrl + Enter.

Advertisement

Add comment

Sorry, you must be logged in to post a comment.
More in this section
Attention

Add a picture
Choose file
Add a quote
Attention

Are you sure you want to delete your comment?

Attention

Are you sure you want to delete all user's comments?

Attention

Are you sure you want to unapprove user's comment?

Attention

Are you sure you want to move to spam user's comment?

Attention

Are you sure you want to move to trash user's comment?

Spelling error report

The following text will be sent to our editors: