Activation of Investment Processes Proceeded in Ukraine
OREANDA-NEWS. November 08, 2011. In 2011, there was a further activation of investment processes - in the first half of this year, investments in fixed assets were actually increased by 15.9%.
This was announced by the First Vice Prime Minister - Minister of Economic Development and Trade of Ukraine Andriy Klyuyev, speaking during the Government Question Hour in the Verkhovna Rada of Ukraine.
According to him, an important source of investment is and credit resources. According to the National Bank, the total amount of credit at the end of September 2011 was increased from the beginning of the year by 67.6 billion UAH or by 9.3%.
Andriy Klyuyev has reminded that for 9 months in 2011, GDP growth reached 5.3%, industrial output - 8.6%, increase in agricultural production amounted to 13.7% against corresponding period last year.
According to the First Vice Premier, the profit of the enterprises in January - August was increased by 31 %, against the similar period of 2010, and has constituted more than 130 billion UAH, the overall financial result is positive and amounts to 64.8 billion UAH, Andriy Klyuyev has told.
He has declared that growth of investment and credit activity, including the construction of infrastructure facilities for Euro 2012, contributed to the growth of volumes of construction works by 11.4%.
The positive dynamics in the industry, agricultural industry and building promoted contributed to the development of related industries, the Chief Deputy of the Head of the Government of Ukraine has told. Under his data, cargo turnover was increased by 7.4 %. The positive dynamics was also demonstrated by the types of economic activities driven by the needs of citizens, for example, - the volumes of transportation of passengers were increased by 2.6 %.
According to Andriy Klyuyev, the volume of turnover of retail trade was increased by 15.2 %.
The First Vice Prime Minister has noted that economic growth in 2011 makes it possible to further improve social standards. As he said, from the beginning of activity of the Government, thanks to implementation of anti-crisis measures, the positive dynamics of economy is restored and the financial sector is stabilized that it has allowed improving the welfare of citizens.
The subject of the Government Question Hour – is implementation of measures in the area of state social policy in the draft of the State Budget of Ukraine for 2012.
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