PM Groysman expects defense industry to drive Ukrainian economy in 2018

17:20, 22.12.2017 1 min read

The defense industry complex may become one of the drivers of the Ukrainian economy in 2018, Ukrainian Prime Minister Volodymyr Groysman has said.

Answering a question about expected points of growth of the national economy in 2018 at a press conference in Kyiv on Friday, the head of government said: "The military-industrial complex will be a separate driver [of the economy] next year."

"We are allocating UAH 16.5 billion [from the national budget] next year to produce new weapons and modernize [weapons and military equipment]," he said.

An increase in defense budget spending on these purposes should ensure the supply of new weapons to the army, the prime minister said.