KIEV, June 17 – The pickup of Ukraine’s GDP growth over the first five months of 2012, from 4.6-4.9% in April to some 5% in May, provides encouraging news that the country’s economic recovery may be accelerating, according to Valeriy Lytvytsky, the head of the group of advisors to the National Bank of Ukraine's governor.

"The March-April slow in economic growth has been overpassed. Sectors oriented on domestic demand – retail and construction – showed the two-digit growth figures," he told Interfax-Ukraine.