Ukraine needs to triple its GDP per capita.
Friday, December 9, 2022
Ukraine must make a triple economic jump from a transitional economy to a developing one. In particular, the challenge is to increase the gross domestic product per capita from a pre-war level of $4,000 up to $12,000, announced First Deputy Minister of Economy Denis Kudin. According to Kudin, this leap can be made only through Ukraine’s path to the European Union, as well as active entrepreneurship and a change in the Ukrainian mindset. As reported earlier, the government has identified the first projects to be financed at the expense of the European Investment Bank as part of the Ukraine Recovery Program. In the first stage, 83 projects with a total cost of UAH 4.7B have been selected, which will be implemented in 10 regions of Ukraine.