Photo from UNIAN
The de-shadowing became possible due to macroeconomic stability and business activity.
Shadow economy in Ukraine dropped by 4% in 2017, to 31% of GDP.
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The de-shadowing became possible due to maintaining macroeconomic stability and business activity, expansion of domestic demand, diversification of sales markets and reduction in investment risks, the Ukrainian Economic Development and Trade Ministry's press service said.
At the same time, the de-shadowing process is being restrained by low public confidence in government institutions, as well as significant challenges to the financial system stability, and the fact that the Ukrainian government has temporarily lost control over certain areas in the east of the country due to the ongoing Russian aggression.
As UNIAN reported earlier, the shadow economy in Ukraine fell by 3% in January-September 2017 year-over-year, to 33% of GDP.