More than 60% of investments in Ukraine are the means of domestic enterprises, the Prime Minister Mykola Azarov said opening the meeting of the Cabinet of Ministers, ForUm correspondent reports.
"More than 60% of investments are the own funds of the companies. This significantly limits the investment potential. There is a need in the credit facilities and direct investments. The government and the experts give an identical estimate on this issue: we need a real investment escalation," the Prime Minister said.
According to him, Ukraine is still a hostage of an extensive pattern of economic development. "If we want Ukraine and its economy to develop at a faster pace, economy growth to show 5-6% per year, not the 2.5% level we have now, the country should pass to the intensive model of economic development. We can do this. This year we observe the growth of the share of innovative products in the domestic production for the first time for 20 years. This trend should be supported and strengthened," Azarov said.
The PM emphasized that the Government proposes a new investment policy to achieve this very goal. "We have developed a package of bills, in particular on the promotion of investment in key economic sectors. The government is ready to take rather drastic measures to give maximum freedom to investment activity in the fields promising big revenues high-paying jobs creation," he promised.
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