OREANDA-NEWS. February 07, 2011. The Government will discuss the Programme of investment and innovative development for 2011 and for the period till 2015. The Prime Minister Mykola Azarov told that while opening the Cabinet of Ministers session.

“This is a strategic document. It will define the development of our economy for the middle-term perspective and will lay down the foundation for the basic structural changes in the economy.” He mentioned. 

Mykola Azarov emphasized that the state support were only a catalyst for attracting private investments; the main resource of modernization were companies’ own funds, obtained funds including bank credits, resources of international financial organizations.

“We predict that as a result of our activities we will be able to attract additionally 100 billion UAH of investment that will enable the additional GDP growth by 1,5-2,5 %.” Mykola Azarov said and added that the system of state stimuli has to enable us to attract 4 to 6 UAH of private investment for each hrivna of state funds. In such a way, he observed, the so called “growth points” would be created that would become a development basis for hi-tech branches and regional advance.

“The Programme identifies the concentration of investment and scientific- technical resources of Ukraine at the main objectives: general modernization of the economy, growth of the high-tech production share, creation of high-productive jobs with high payment level,” the Head of the Government observed. 

Mykola Azarov said that the improvement of energy effectiveness were the general priority of the modernization programme, because energy intensity of Ukrainian GDP were one of the highest in the world and 2,5 times higher than the average energy intensity level of GDP in the developed countries. According to his words,  focusing of investments at the innovative projects should promote industrial production and labour productivity.

Besides, as the head of the Government said, the average yearly rate of production growth in 2011-2012 had been predicted at a level of 7-8%, and in 2013-2015 – at 9-10%. The general part of machine-building in the general industrial structure should increase in 2015 up to 20 %.

Our aim is to gradually bring the industrial structure of Ukraine closer to that of the developed countries of Europe and the world, to significantly increase its competitiveness,” Mykola Azarov summed up.