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News / 26 December 2013 | 13:30
Ukraine’s economic situation stabilized, Yanukovych says

Ukraine’s economic situation stabilized, Yanukovych says

Ukraine has managed to stabilize economic situation by the end of 2013, President Viktor Yanukovych said at the meeting of the Council of Regions, ForUm correspondent reports.

"We succeeded in stabilizing economic situation in the year-end, in ensuring stability of the financial system, budget balance, creating conditions for economic growth the next year. I believe this to be our achievement in spite of all the criticism, which we hear now," he said.

The President stressed that macro-financial stability is preserved in Ukraine.

"Inflation remains low. Throughout 2013 the weighted average exchange rate of hryvnia to dollar was almost stable and fluctuated within moderate borders," he said.

According to Yanukovych, positive trends of balance of payments are also kept.

"Despite the recession, some industries, oriented to the domestic market, are showing growth. Retail trade turnover in January-November of this year compared with the same period last year increased by 9%," he said.

The President stressed that agricultural sector notable makes positive contribution to GDP dynamics.

"The agricultural sector remains the economic powerhouse of Ukraine. Production for 11 months increased by 12%," Yanukovych said.

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