Business news from Ukraine

NEW CHAIRMAN OF UKRAINIAN PARLIAMENT: OUR GOAL IS 5-7% ECONOMIC GROWTH

The candidate for the post of chairman of the Verkhovna Rada (Ukrainian Parliament) of the ninth convocation from the Servant of the People faction, Dmytro Razumkov, has stated one of the tasks would be to achieve economic growth in Ukraine at the level of 5-7% next year. “Launching the mechanism of a rapid economic growth. Our goal is the economic growth of 5% to 7% as early as next year. In addition, this should be growth not only on paper, in statistics, but also consistent with what people feel every day in their life,” Razumkov said at a plenary meeting before voting for his appointment as chairman of parliament.
He also announced the need for deregulation, legalizing capital.
He also announced the task of optimizing the functionality of state bodies, eliminating duplication of their functions.
At the same time, he emphasized that one of the tasks would be to create conditions for fair and independent justice.

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UKRAINIAN BUSINESSES PREDICT ECONOMIC GROWTH AND CREATION OF NEW JOBS IN 2019

Ukrainian businesses predict further economic growth and the creation of new jobs in 2019 for the second year in a row, according to a survey of company heads conducted by the National Bank of Ukraine (NBU) in the fourth quarter of 2018. According to the website of the central bank, the growth of business activity is expected at enterprises of all types of economic activity, while the most optimistic enterprises are in the processing industry.
In the regional context, optimistic moods are preserved by companies from all regions, except for Kirovohrad. Enterprises from Ternopil and Lviv regions have the highest expectations.
“Expectations of high growth rates of economic activity are based primarily on the forecast of an increase in the total volume of sales of own produce, as well as investment spending on machinery and equipment,” the report said.
According to the National Bank, one-third of respondents expect that production will grow, and every second company believes that it will at least remain at the current level. The growth of the total sales of products and the improvement of the financial and economic state is predicted by respondents of all types of economic activity, except for enterprises of power and water supply sectors. Trade and processing enterprises have the highest expectations.

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