Ukraine needs to boost economic growth – Kubiv

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Open source

Toronto, Canada: The First Deputy Prime Minister – Minister of Economic Development and Trade Stepan Kubiv has said that Ukraine was demonstrating strong economic growth, but for significant acceleration of its pace the country has to open and liberalize the markets for the private capital to enter certain key industries.

“In order the economic growth to become more dynamic in Ukraine, we should ensure the opening and liberalization of markets for the private capital to enter the energy, agro-industry, infrastructure, financial sectors, along with the conditions for private business development: deregulation, protection of property rights, the rule of law, fair judicial system, effective anti-corruption measures,” the Ministry of Economic Development stated.

According to the minister, today Ukraine is simultaneously implementing several strategic tasks, requiring great efforts in finding the best effective tools to accelerate growth and reform.

“Digitalization allows solving the issue of efficiency and transparency of public administration, overcoming corruption, inclusiveness in the economy, education, and the social sphere simultaneously,” Kubiv highlighted.

As The Journalist reported, China presented project China-Ukraine-EU.

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