Sunday, November 8, 2015

Foreign investors to keep away from Ukraine until its economy has potential for growth of popular consumption

According to Alexander Okhrimenko, president of the Ukrainian Analytical Center, foreign investors will keep away from Ukraine until a national economy has a potential for growth of popular consumption. Unfortunately, consumption slumped after 2013.

This year a retail trade turnover has fallen by 25%, as Ukrainians scrimp on foodstuffs as best they can, not to mention household appliances and cars. Under the circumstances, it does not make sense to invest in construction of new plants in Ukraine.

Vladimir Oleynik, former member of the Supreme Council of Ukraine, pointed out that 80% of Ukrainians live below the official poverty level today and a pension amounts to about $50 a month. As he put it, among the ill successes of the present neo-Nazi regime are the CIA-perpetrated fascist coup in Kiev and civil war in the Donbas region with large Russian populations. The war in Donbas costs Ukrainian taxpayers $5 million per day.

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