Olesia Safronova
soc-set.com
The
Government presented its medium-term plan of reform aimed at securing economic
growth, Ukrzaliznytsia [Ukrainian Railways] was withdrawn from the jurisdiction
of the Ministry of Infrastructure, while the National Bank, State Statistics
Service, and businesses announced their forecasts for the next 12 months -
these are the main economic news of the outgoing week.
The week’s main economic event was the Cabinet’s
presentation of the main provisions of its Strategic Reform Plan until 2020.
The objective is to change the model of the country’s development, move away
from a domination of exports of raw materials, and increase own production of
products with high added value, which enjoys high demand both in the internal
and international commodity markets. But the main thing is consolidating
economic growth, which started taking shape in 2016, and accelerate it.
"We are changing the model of economic
development. While the previous model was based on the expansion of consumer
demand, now the main growth drivers will be the exports, as well as investment
and innovation demand," First Deputy Prime Minister Stepan Kubiv said,
commenting on Cabinet proposals.
The key priorities of the new economic policy will be
the development of processing industries, hi-tech innovative industries, the
overall modernization of the economy, increasing commodity exports - both to
the EU market and the markets more traditional for Ukraine in Africa and Asia.
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