OREANDA-NEWS. July 26, 2012. The Government has developed a series of measures to increase volumes of investments and improve its efficiency.

This was stated by Prime Minister Mykola Azarov today during a consultation with leading scientists and economists.

"We have developed a number of important bills aimed at stimulating of influx of investments, efficient investments. We are ready to go on a series of radical measures in terms of tax and other incentives for the development of investment projects", - Mykola Azarov said.

He added that the package of bills developed by the Government criteria for the provision of incentives aimed at improving the efficiency of investment resources - primarily a measure to create new high-paying jobs has a clearly defined.

The Prime Minister noted we should change investment model that was used for decades in the Ukraine, because it is ineffective.

"We need a development not on an extensive basis, as is happening now, but we need the intensive development on innovative infrastructure projects", - PM said.

Mykola Azarov informed that today more than 60% of investment resources in Ukraine - it's own funds, because we should increase the share of borrowed resources, including credit and investment.

The Prime Minister said that the government's package of bills includes a bill "On stimulation of investment in priority sectors of the economy", which aims to create new jobs. Also, the changes in the Transitional Provisions of the Tax Code with respect to the features of taxation of business entities implementing investment projects in priority sectors of the economy have been worked out.