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WB admits Ukrainian economic situation getting stabilized
04.06.2009 16:40 "Agro Perspectiva" (Kyiv) —
While speaking within round table discussion, Martin Raiser, World Bank (WB) Country Director for Ukraine, declared Ukrainian economic situation has began stabilizing. “We can’t get relaxed as crisis still continues developing. Crisis is still possible to return... Government has succeeded to stabilize banking sector situation, but that doesn’t mean crisis is over,” admitted Raiser. As to him, now Ukraine goes through significant structural changes process. “I think Ukraine may successfully overcome crisis if it solves structural changes problem, − that is, if it shifts assets from labour forces,” stated Raiser. He admitted some Ukrainian metallurgical/chemical companies won’t be competitive on global market any more due to domestic market energy recourses prices growth. He added fiscal cautiousness is important factor of Ukrainian economic stability. Raiser stressed it is necessary to invest into Ukrainian infrastructure, in part., into “morally obsolete one.” “We are raising our investments into Ukrainian infrastructure,” recapitulated Raiser.
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