Ukraine demonstrating stable trend of economic recovery

Ukraine is demonstrating a stable trend of economic recovery, Prime Minister Yulia Tymoshenko announced during her opening remarks at the Cabinet of Ministers meeting on Wednesday.

"Ukraine continues to recover from the crisis, systematically restoring order in its economy… If at the start of the crisis the GDP dropped by 20%.. now in the third and fourth quarters we are demonstrating relatively strong recovery dynamics," the head of government reported.

Moreover, according to her, as per results of the third quarter, Ukraine has made it to the group of countries where the economic decline is slowing every quarter. "There are few countries in the world like this, but we are among them," Yulia Tymoshenko added.

According to her, industrial production is growing, particularly if one compares results of September and October of the current year - volume of industrial production increased 5%. The food industry is showing 15.7% quarterly growth, light industry - 1.1%, metallurgy – 3.7%, chemical industry – 3.5%, machine building – 2%.

The Prime Minister underscored that "Agriculture is a key industry. It was growing through the crisis and continues to do so - this is a good signal that in the nearest future the economy will be functioning in a perfectly normal mode."