Prime Minister of Ukraine Mykola Azarov noted the need for deep systemic reforms, as the economic potential, inherited from the Soviet Union, has been exhausted. This Mykola Azarov said today during his speech at the ceremonial meeting of the Verkhovna Rada of Ukraine on the occasion of the 20th anniversary of the Declaration on State Sovereignty of Ukraine.

"Ukraine faces big historic challenge. We have determined that the old capacity, we received as legacy, has exhausted. The world financial crisis has shown us the need for fundamental review of all spheres of the economy. Covering 10 years Ukraine can stabilize the situation, carry out deep systemic reforms to modernize the economy and social relations and become closer to European standards of living," the Prime Minister said.

At the same time, Mykola Azarov noted that 20 years after the proclamation of the Declaration on State Sovereignty Ukraine has passed many tests. The Prime Minister said that our country has done "done many steps left-right, and, unfortunately, much less - in advance."

According to him, only after coming to power of the President Viktor Yanukovich and the new Government it became possible to clearly identify internal and external priorities of Ukraine, in particular, Law of Ukraine "On the basis of foreign and domestic policy" and the reform programme of the President of Ukraine were adopted.

"Now Ukraine
has single strong power that can overcome the economic and political crisis, and it coincides with the milestones of the Declaration on State Sovereignty. Now everything fits together," Mykola Azarov emphasized.

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