The President of Ukraine Viktor Yanukovych said about this during a session of the Committee on Economic Reforms in 17 January, 2012. Also the President noticed that without comprehensive involvement of investment the effective modernization of the domestic economy is impossible.

 

"With growing competition at the international markets, we have to create the most comfortable conditions for business environment to attract foreign investment and global capital," - the President said.

 

According to this, such steps will be key competitive advantage that is able to enhance the stability of our state in different global challenges and will lead Ukraine to the trend of steady growth. "If we do not create such motivations - capital will not go to us, investors will not come," - said Viktor Yanukovych.

 

In addition, the President stressed out that creation of a favorable climate will promote the development of local business and this is expansion into the new domestic and foreign markets. To achieve this goal, it is necessary to improve the situation in regulatory environment by simplifying the procedures and its strict regulation.

 

The President also noted that the improvement of the investment climate in all areas should give an impulse to the economic development and create a basis for better social services.

 

The President also entrusted the Government to make analysis of the available assistance programs and effective use of public-private partnerships mechanism. "Limited budget resources made us use a great potential of public-private partnerships and international technical and financial assistance," - concluded Viktor Yanukovych.