Ukraine could sustain 5%-6% GDP growth in 2012 - Azarov
KYIV. Jan 20 (Interfax) - Ukraine could sustain GDP growth of 5%-6% in 2012, Prime Minister Mykola Azarov told a press conference.
"We budgeted for 3.9% [growth] on the advice of international organizations, but I'm looking forward to 5%-6%. We'll see at the year's end," Azarov said.
He said the economy grew 5.2% in 2011, far more than the international organizations had predicted.
Azarov also said foreign direct investment (FDI) grew 44.5% in 2011.
"In 2011 a great change happened - the rate of growth of foreign direct investment amounted to 44.5%," he said.
Azarov said the new Tax Code created conditions to make investment in Ukraine's economy beneficial.
Earlier, the head of the State Agency for National Projects Management, Vladyslav Kaskiv, told reporters that FDI in Ukraine in 2011 amounted to $7.5 billion.