Ukraine intends to hold a Regional Summit of the World Economic Forum (WEF) on Europe and Central Asia, Ukrainian President Viktor Yanukovych said after the meeting with executive chairman of the World Economic Forum Klaus Schwab in Davos, the press service of the head of state reports.

"We plan in the near future to hold in Ukraine a summit of European and Eurasian countries," he said.

The President noted that the increase in competitiveness and the creation of dynamic and flexible mechanism to respond to the challenges will promote the gradual growth of economies.

Yanukovych thanked Schwab for the tremendous work that the WEF conducts for Ukraine.

In turn, the executive chairman of the World Economic Forum expressed hope that the WEF Council on formation of the global order for Ukraine will develop useful recommendations for the socio-economic development of Ukraine.

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