Yanukovych: Investment reform to boost investment to USD 80bn by 2014
2011-04-07 14:20:11
President Viktor Yanukovych has assured that government policies will be aimed at facilitating the work of investors in Ukraine, he said this at Wednesday's presentation of the Investment Reform concept.
The head of state noted that the changes in the investment sector are crucial for the development of the country. "Resolving this issue [attracting investments - ed.] - is another significant reform," Yanukovych emphasized.
He said the changes in this area will help improve people's lives, create new jobs, increase wages and pensions, ensure economic upturn.
According to experts, the efficient implementation of the reform can substantially increase the annual volume of investment, the president said.
In general, the authors of the reform hope that it will increase investment to USD 80 billion over the next three years, improve Ukraine's sovereign ratings, and reduce the annual outflow of foreign direct investment (FDI) from 15 percent to 10 percent a year.
Vladyslav Kaskiv, the chief of the State Agency for Investment and National Projects Management, said the implementation of the investment reform is expected to improve Ukraine's World Bank Doing Business index to 100th place from its current 145th spot and the World Economic Forum's Global Competitiveness Report ranking - to 50th from the current 82nd position.
He also added that the investment reform consists of 5 components: investment proposal, investment infrastructure, investment partnership, investment marketing, and investment environment.