President Petro Poroshenko emphasizes the importance of macro-financial stabilization in Ukraine, which we have already managed to achieve. For the first time after 14 quarters of decline, Ukraine managed to break this trend in the first quarter of 2016.
“We have finally demonstrated economic growth, which is the basis for the growth of social policy of the government,” Petro Poroshenko said in the course of the working trip to Mykolaiv region.
The Head of State underscored that after the closure of Russian markets due to the hybrid war, the share of Ukrainian exports to Russia had fallen from 32% to 8.5%. He cited his advisor, famous Polish economist Leszek Balcerowicz: “Any country would not have withstood that. If Poland or Germany faced a closed market, their economy would have to kneel down”.
“And we withstood. We started to explore the market of the EU after the signature of the Ukraine-EU DCFTA and Association Agreement,” the President noted. Over the past year, the share of the EU in the overall volume of goods and services has raised from 34% to 41.5%. And with an overall fall of Ukrainian exports, the volume of physical exports from Ukraine to the European Union has increased. “And it is only the beginning, which proves that we are on the right track,” the Head of State said.
“However, in order to achieve all this, we must eliminate all tax, customs, administrative, bureaucratic and mental barriers that hinder business, initiative, investments and creation of jobs,” the President stressed.
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