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Confidence of foreign investors in Ukrainian economy gradually returning

May 18, 2010

Ukrainian President Viktor Yanukovych has given assurances that the confidence of foreign investors in our national economy is gradually being restored. He stressed this during a meeting of the Council of Regions.

The head of state is convinced that this is being influenced by the stabilization of situation on the currency market which, in turn, will lead to the renewal of loans by banks. “We shall continue cooperating with the International Monetary Fund in the area of attracting investment for economic development, and with the World Bank too. We shall take advantage of all these opportunities,” Mr Yanukovych said. The head of state has also given assurances that this will also enable Ukraine to speed up its recovery from recession.

At the same time, the president noted that work aimed not only on developing anti-crisis measures but also planning the country’s stable long-term growth, will commence in the near future. “In the second half of this year we shall begin working on a strategic program for Ukraine’s development till 2012,” Mr Yanukovych said.

Tags: investment, economy