Stepan Kubiv: Industry in Ukraine has overcome recessional trends of the blockade of Donbas
posted
24 October 2017
10:52
Expansion of
investment activity by national enterprises, improvement of financial capacities
of households, as well as growth of exports to EU countries have allowed Ukraine
to accelerate industrial development, to bring the reduction of an index of
industrial production in September to a minimum, as compared to September of
last year, and to overcome the consequences of the blockade of Donbas which
took place in winter of 2017. This was announced by First Vice
Prime Minister of Ukraine Stepan Kubiv.
He stressed that a growing trend was recorded in the production of capital goods – by 3,4%, durable consumer goods – by 3,7%, as well as intermediate goods - by 3,4%. Herewith, the largest growing trend was demonstrated by processing, chemical industry due to increased exports of organic compounds and growing domestic demand, as well as light and metallurgical industries.
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According to Stepan
Kubiv, the crisis phenomena associated with the
consequences of the energy blockade of Donbas have actually been fixed. “In September, the declines in industrial
production occurred only in two industrial groups: nondurable consumer goods –
minus 0.5% due to a high base of comparison, and in the energy segment –
minus 8.7% due to problems with logistics in Donbas,” said First Vice Prime
Minister, “We expect that by the end of the year output growth will provide
investment, export and consumer demand, while among the risk factors are probability
of a coke deficit for metallurgy and an increase in production costs. " |