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  • Prime Minister: Domestic industry will have normal conditions to demonstrate growth
    Communications Department of the Secretariat of the CMU, posted 05 May 2020 00:25

    Ukraine's economy is affected by the global economic recession as a result of the pandemic. However, the Government is working to begin the recovery and development of all sectors of the economy.

    The Prime Minister of Ukraine Denys Shmyhal said this on air of the program "Svoboda Slova" (Freedom of Speech) on the ICTV channel.

    "Ukraine's economy is under pressure from the global crisis. But we have not terminated any manufacturing enterprise during the quarantine. The industry has been operating. However, the decline in exports, the decline in total consumption in the world, the shutdown of many enterprises in our partner countries have truly led to difficulties in some sectors of the economy," said the Prime Minister.

    According to him, today the Government has a roadmap and the priorities set.

    "We have developed and continue to work on a plan of specific measures for all sectors of the economy, including for each particular industry. We must ensure the industrial growth, inter alia, through the localization of production. Here is the focus on the domestic market of Ukraine, and the development of export potential in those industries that are most in demand during this economic crisis," said Denys Shmyhal.

    The PM assures that the domestic industry will have completely normal conditions to demonstrate growth this year: "This is facilitated by the Great Construction program (road construction and repair, bridge construction). Today we engage in the development and motivation of the aviation industry, the car-building industry and other sectors of the economy, which create and preserve a large number of jobs.

    In addition, according to the Prime Minister, now in Ukraine, like across the world, it is difficult to talk about long-term planning.

    "But we can calculate for certain industries how we will advance, using the benchmark data. We have to devise plans, compare our plans and our forecasts with what the business provides. It takes time, so this work continues and it is rapidly progressing," said Denys Shmyhal.

    Prime Minister: Domestic industry will have normal conditions to demonstrate growth