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20 August 2017
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Yanukovych: Economic growth depends on political stability

PM forecasts GDP growth at 7% in 2007

Azerbaijan succeeded in achieving high GDP growth due to political stability which is also necessary for Ukraine. Prime Minister of Ukraine Viktor Yanukovych expressed this conviction during the meeting with Prime Minister of Azerbaijan Artur Rasi-zade, according to the Cabinet press-office. “We envy Azerbaijan in a friendly way. The success of Azerbaijan in the highest economic growth in the world, I was pleasantly surprised by such dynamics”, Prime Minister said.

      Viktor Yanukovych underscored that Ukraine’s GDP growth is significantly lower and expected to be at the level of 7 percent by the end of the year. “In 2004 we had 12,5 percent. But to achieve even this rate is very difficult today and 36% - even more difficult” the Head of Ukrainian Government noted.

      At the same time Viktor Yanukovych believes that significant economic growth depends on political stability which Ukraine has lacked in recent years. “We understand, there are many risks but exactly stability guarantees success”, the Ukrainian PM stressed.

      The Prime Minister of Ukraine is satisfied with trade-economic relations with Azerbaijan. The agreement on free trade without restrictions between Ukraine and Azerbaijan is in force. Good rate during the last two years – 35-37% of growth per year, Viktor Yanukovych stressed.

      For example, in trade-economic relations the exchange of goods and services between two countries have been registered at the level of 361 million USD in 10 months, at the same time import of goods to Ukraine from Azerbaijan amounted to 33,5 million USD and export to Azerbaijan – above 300 million USD.

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