Ukrainian Minister of Economy Aivaras Abromavicius said in an interview in New York last week that the growth happened for the first time since 2012, and he expects gross domestic product will grow as much as 2.5 percent in 2016, if the conflict with pro-Russian separatists in easternmost regions doesn’t escalate.
After a record 17.6 percent annual contraction in the first quarter growth may resume in the fourth quarter even as the economy will decline 7.5 percent to 9 percent in 2015. The government is seeking foreign investments to boost growth and plans talks with companies active in industries from retail to energy, Minister said. “The worst is already behind us. We now have to focus on improving the business climate, fighting corruption, selling state assets and changing the tax system in order to secure growth. It’s time for radical changes”, he said. Read more at http://www.bloomberg.com