Date: a week ago   Category: Economy

The World Bank predicted to Ukraine hundred years of lag from neighbors - RIA Novosti, 12.10.2018

The headquarters of the World Bank in Washington. Archival photo
MOSCOW, 12 Oct — RIA Novosti. At present growth rates of GDP Ukraine needs hundred more years to catch up with the neighboring European countries, the regional director of the World Bank for Ukraine, Belarus and Moldova Satu Kakhkonen in an interview to the Ekonomicheskaya Pravda edition.© said AP Photo/Efrem Lukatsky the Most gloomy prospects: what will be with Ukraine in new the goduona noted that Kiev still did not overcome a consequence of crisis of previous years. "Income is per capita still lower, than the corresponding indicators of 2014-2015" — the expert said. According to Kakhkonen, there is a risk that reforms in the country will stop because of elections or at all "will be developed to the opposite side". The Ukrainian economy after the events of 2014 is in decline: key industries do not develop, work of the largest plants stops. Kiev tries to undertake economic reforms, takes the credits from the IMF that as a result affects welfare of citizens: utility tariffs continue to grow, and salaries and pensions still at a low level. The situation also worsens because of the unprecedented level of corruption, growth of the shadow sector, a rupture of the economic relations with Russia and policy for Donbass. The external debt of Ukraine grew for the 2016-2017th by 18,9 and 10,9 percent respectively, and in only five years — since the beginning of 2013 prior to the beginning of the 2018th — the national debt relation to GDP almost doubled: from 36,6 to 71,8 percent. As the head of the mission of the International Monetary Fund Ron van Ruden said, the Ukrainian economy will need the whole generation to catch up with Europe. In turn, the former governor of Odessa region Mikheil Saakashvili noted that under favorable conditions Ukraine will reach the level of 2013 only twenty years again later.



just now

The Investigative Committee of the Russian Federation in Kerch finds out motives of massacre in polytechnical college which was committed by the student Vladislav Roslyakov. As a result of his attack on educational institution 21 persons have died, more than 50 – have suffered. Investigators have made psychological the murderer's portrait. Accordin...

just now

MOSCOW, 19 Oct — RIA Novosti. One person has died at explosion at the plant of pyrotechnics in Gatchina, five are taken to hospital, two of them are in critical condition, is reported on the website o...

just now

MOSCOW, 18 Oct — RIA Novosti. The city memorial service for the dead as a result of the tragedy in Kerch will take place on Friday under the open sky on the city square of Lenin, the head of the press...

just now

WASHINGTON, 19 Oct — RIA Novosti. Ministry of Justice of the USA RIA Novosti / Sergey Guneev has brought against the Russian charges of intervention in the elections.© which are coming in November to...

Photos of day