Prime Minister of Ukraine Denys Shmygal said that government investment in the construction of roads, hospitals, schools and kindergartens will help restore economic growth. He wrote about this on his Facebook page.
According to him, more than USD 4bn is invested in Big Construction alone.
Shmygal emphasized that the construction of large infrastructure facilities creates demand for Ukrainian metallurgical products, which are experiencing a significant drop due to the global economic downturn.
The state is developing a state order for armaments, which contributes to the development of industry.
“Supporting of small and medium-sized businesses are our priority. So, the National Bank has reduced the basic interest rate to 8% – this is the lowest rate in Ukraine in recent years. For its part, the government will refinance loans to small businesses up to 0%, while at the same time allowing to delay repayment of the loan body until the end of the year,” Shmygal wrote.
The head of government noted that Ukraine has increased unemployment benefits for entrepreneurs.
PM Shmygal: Quarantine in Ukraine is until May 22, but this is not final date.
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