Tymofiy Mylovanov / Photo from UNIAN
The Cabinet set the task to ensure a 40% growth in gross domestic product (GDP) within five years.
Ukrainian Minister of Economic Development, Trade and Agriculture Tymofiy Mylovanov says Ukraine in the next five years should not only attract billions of U.S. dollars in foreign investment, but also at least double domestic investment to reach economic success.
"If we want to succeed, we need US$50 billion in foreign direct investment over five years. We also have to double the annual volume of domestic investment," he wrote on Facebook on January 29.
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As UNIAN reported earlier, the Cabinet of Ministers set the task to ensure a 40% growth in gross domestic product (GDP) within five years. Ukrainian Prime Minister Oleksiy Honcharuk says this requires attracting US$50 billion in foreign investment.
In turn, Mylovanov said the attraction of the investment in the next five years would not only ensure a 40% economic growth, but also reduce the average depreciation of fixed assets from 60% to 48%.