OREANDA-NEWS. January 10, 2012. 2012 will be better than this year, as worked out a lot, laid a solid foundation of development and next year Ukraine can reach the level of 2007 in terms of the GDP. This was stressed by Prime Minister of Ukraine Mykola Azarov summing up 2011 year.

Mykola Azarov noted that in 2004 year there was substantial economic growth, GDP growth was 15.6 percent. In 2005 were prerequisites for the further rapid development, in particular an increasing world market prices for metals and simultaneously decreasing prices for oil and gas. The gross domestic product amounted to 900 billion UAH or (at the currency rate of 2005 year - about 4.5) 200 billion UAH. The same level was during 2007-2008 years. However, in 2009 year our country will fail almost doubled in dollar terms, the gross domestic product fell to 118 billion dollars (at the currency rate of about 8). Currently, the economy gradually resuming, and next year it is expected that countries with its GDP will come to the level of 2007 year. This will also give a possibility to increase social standards.

Each hryvnia had to be supported by the economy, Mykola Azarov said.

The PM noted that "we could pay any pensions, wages, but in reality the situation is not corrected" the opposite - inaccurate by economic growth of payments converts money on a piece of paper. Now, one of the important achievements of 2011 is prevention of inflation, its rate is not gone beyond the expected. So, the currency was stable.

Mykola Azarov also stressed the country pays significant amount of its debt obligations on loans of previous years. "To respire" according to the PM, we will be able only in 2014 year, when the share of foreign debt payments will be reduced.