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The government changed the model of development of economy of Ukraine

Правительство меняет модель развития экономики УкраиныThe government intends to focus on investment planning and innovations in the industry.

The government of Ukraine in 2017, changing the model of economic development and lays the basis for growth in investment demand and increasing exports. This was announced by first Vice Prime Minister of Ukraine Stepan Kubiv during a governmental seminar on “Economic development of the regions: strategy and instruments of attracting investments and increasing export potential”.

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“We are now discussing the project of innovative development of industry of Ukraine until 2025,” – said Kubiv.

According to him, the key priorities of such development should be the growth of labor productivity in the processing, increasing the share of industrial goods in the export structure, reducing the intensity of production, and entering new markets, including in Asia and Africa.

We will remind, earlier the Cabinet of Ministers published the plan of prioritetov until 2020.

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The document particularly says that economic growth should be achieved by increasing exports and investment, tax and customs reform, deregulation, land reform, privatization, reforming the energy sector and maintaining macroeconomic stability through continued fiscal consolidation. It needs to provide new jobs, higher wages and poverty reduction.

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