Business news from Ukraine

IMPROVING EFFICIENCY, EXPORT PROMOTION, INTERNAL MARKET DEVELOPMENT WILL REMOVE STEEL INDUSTRY, ENGINEERING FROM CRISIS – EXPERTS

28 March , 2016  

KYIV. March 28 (Interfax-Ukraine) –In order to help the major sectors of the Ukrainian economy, the mining and metallurgical complex and mechanical engineering, avoid crisis, manufacturers need to work on improving the efficiency and quality of products, while the state should stimulate exports and create conditions for the development of the internal market.

This conclusion was reached at the meeting “The Internal Metallurgical Market of Ukraine: Problems and Prospects,” organized by the Metalurgprom association of metallurgical enterprises of Ukraine (Dnipropetrovsk) in Kyiv.

According to Metalurgprom Head Oleksandr Kalenkov, currently the steel sector is in a catastrophic situation, and efforts are required from all the parties and the state to normalize the situation.

“It is necessary to fight for every dollar. Exports should be supported and the internal market should be developed,” Kalenkov stated.

At the same time, he pointed to not very effective communications with the government, in particular with the Ministry of Economic Development and Trade, adding that efforts to establish an appropriate dialogue will be made in future.

“Domestic consumption should be satisfied simultaneously with export promotion. It is also necessary to increase the state’s role in the salvation of the national economy,” chairman of the parliamentary committee on industrial policy and entrepreneurship Viktor Halasiuk said.