Ukrainian Prime Minister Volodymyr Groysman said on Tuesday that his country has a potential to achieve an annual economic growth of 5-7 percent, the government's press service said.

The target could be achieved through improving the business environment, creating a new system of public sector management and carrying out fair and transparent privatization of the state property, Groysman said.

He also stressed the need to attract investment into energy and real sector to spur the economic growth.

Ukraine's GDP rose by 2.5 percent in 2017 and it is expected to grow 3.4 percent this year.