KYIV (QHA) -

According to the results of the first quarter of 2018, capital investments into Ukraine grew by 26.5%, Ukrainian President Petro Poroshenko stated during the official opening of the YES Annual Forum in Kyiv.

The Head of state noted that large foreign investors believe in Ukraine and create jobs despite the fact that the war with the Russian Federation is still ongoing.

“Large foreign investors believe in our country, create jobs, despite the fact that the war with the Russian Federation is still ongoing. According to the results of the first half of the year, capital investments have increased by 26.5%.”

The President further noted that in the second quarter, GDP grew by 3.6%.

“GDP grew by 3.6% in the second quarter, and the state budget deficit was reduced, and that is during the war. The ratio of government debt to GDP in 2016 was more than 86%, now it is 63%. The banking system operates stably and effectively.”

Earlier, the World Bank (WB) warned Kyiv that the rate of economic growth could drop to 2% in case of delay with the implementation of necessary reforms.

The Head of the World Bank program for Belarus, Moldova and Ukraine Faruk Khan noted positive changes in the economy of Ukraine, but called last year's GDP growth at 2.5% "moderate".

QHA