Ukraine could become one of the most successful economies in the continent, but only if its GDP growth is 5% or 7% a year and more, Ukrainian Prime Minister Volodymyr Groysman has said.

"I several times said that we could become one of the most successful economies in the continent. This is absolutely possible, but we need growth [of GDP] not 3%, but 5-7% and more," he said at a government meeting on Wednesday.

The prime minister said that favorable business climate should be crated for seeing this pace of GDP growth in the country.