OREANDA-NEWS. April 16, 2010. While planning development of subordinated territories, the governors should not only rely on the state budget, but also actively attract investments, said President of Ukraine Viktor Yanukovych at his meeting on social and economic development with the heads of regional administrations, reported the Official website president.gov.ua.

"We will work on creation of municipal funds and provision of municipal loans", emphasized the Head of State and asked First Deputy Chief of Staff Iryna Akimova and Prime Minister Mykola Azarov to intensify work on establishing a state investment company.

"It would allow us to provide credit lines for the regions, define programs of regional development, set priorities in infrastructure, social facilities and construction of roads. We must elaborate long-term programs and train professionals who could and would be able to work with investments", Viktor Yanukovych stressed.

"But, of course, the budget is and will be the main tool in overcoming the crisis, the consequences of unprofessional previous government's control over the economy and in restoring economic growth this year", said the President, adding that the programs of regional development should be elaborated.

"They should be a mandatory component of urgent measures to tackle the crisis, and then become a part of regional social-economic development programs for 2011. I would like to see the schedule of these programs’ adoption in the regions", said Viktor Yanukovych, noting that the Government should take an active part in development of these programs.

The President also said that such programs should be developed for industrial enterprises and complexes.