You're reading: Poroshenko says Ukrainians to feel results of reforms in one to three years

President Petro Poroshenko of Ukraine has said in one to three years from now people in Ukraine will be able to feel the results of reforms and have their living standards improved.

“The crisis, which was caused by war, economic aggression and blockade by Russia, is now retreating. It is retreating thanks to the joint efforts of the authorities, society, businesses… The restoration of economic growth opens up opportunities for the restoration of living standards… The prospects are already very close—in a year, two, or maximum three years from now, the fruits of the reforms will become tangible for the absolute majority of our society,” Poroshenko said during celebrations on the occasion of the Unity Day of Ukraine and the 100th anniversary of the Unification Act of the Ukrainian People’s Republic (UPR) and the West Ukrainian People’s Republic (WUPR) on January 22, in Kyiv.

He recalled that Ukraine’s GDP grew by 3.4 percent in 2018.

“It is not that much; however, it is the highest figure in the past seven years. Inflation fell to 9.8 percent. It is still quite high; however, it is the lowest in the past five years. Our gold and foreign exchange reserves rose to nearly $21 billion. This is the highest sum in the past five years,” Poroshenko said.

The president recalled that he will be meeting with potential foreign investors at the World Economic Forum in Davos this week.

“Next in line is the arrival to Ukraine of powerful investments, accelerating the pace of development of our economy. I will talk about this tomorrow in Davos at a meeting with heads of states and large global companies,” Poroshenko said.

The Ukrainian head of state said the transition to the European quality of life for Ukrainians is the highest priority of state policy.