PM: Economic crisis to continue for 2-3 years in Ukraine.

By bne IntelliNews September 13, 2010
PM Mykola Azarov forecasts that Ukraine will overcome the economic crisis in two to three years. According to the government, Ukraine now produces less as compared to 2007 and its expenses grew 1.5 fold. At the same time, the Premier said that the situation in the country starts to gradually stabilize. According to him, the social-economic situation has improved in the industry, export sectors and in a number of other economic sectors. In particular, Azarov noted, the area of the commissioned housing in the construction sector increased 1.5 fold, the country's currency reserves increased, stability of the national currency is ensured within the corridor envisaged by the budget 2010. Speaking about the problem with the grain export, the head of the government stated that there would be no restrictions toward these ends. According to the PM, an ample stock of grain has been formed in the country today to provide for domestic needs, as well as for exports.

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