LONDON, May 19 - Ukraine's economy in early 2011 developed better than initially expected, allowing the Economic Development and Trade Ministry to start improving the macroforecast for the entire year, first deputy minister Anatoliy Maksiuta told Interfax-Ukraine.

"We see reasons for improving the figures," he said on the sidelines of the seventh annual Ukrainian Investment Summit organized by the Adam Smith Institute held in London on May 15-18.

According to Maksiuta, conditions on the world markets as a whole are favorable for the main Ukrainian industries. Maksiuta noted that the forecast of the increase in exports and imports would be improved.