Ukrainian gov't sees stabilization of economy as main achievement

The Ukrainian government has said that stabilization of the economy was its main achievement during its first six-month term in office.

The Ukrainian economic indicators have significantly improved in recent months, the government said in a report on the outcome of its work to mark the six-month benchmark, which falls on Thursday.

The Ukrainian economy has officially emerged from more than two years of recession, expanding by 1.4 percent year on year in the second quarter of 2016, after rising 0.1 percent in the first quarter, the report said.

Besides, the inflation rate in the country has slowed down to 6.4 percent in January-September of this year from 43.3 percent at the end of 2015, it said.

According to the document, in the first eight months of 2016, the inflow of foreign direct investment to Ukraine edged up 19 percent on an annual basis to 2.5 billion U.S. dollars, while the industrial output was up 2 percent.

While commenting on the report, Ukrainian Prime Minister Volodymyr Groysman said that the main success of his cabinet was the country's recovery from the economic recession.

"Now, our task is to fix the results and make our people feel that the situation is changing," Groysman said.

The Ukrainian parliament has approved the formation of the new cabinet on April 14 this year after the previous government was disbanded amid the political crisis and economic turmoil in the country.

In the first meeting of his cabinet on April 20, Groysman pledged to improve the economic situation, implement reforms and fight corruption. Endit