The Ukrainian government has suggested that there be a transition to a new investment policy, Ukrainian Prime Minister Mykola Azarov has said.
“To guarantee economic growth at a level of more than 5%, and not the current 2.5%, the country needs to switch to a model of vigorous investment development,” the prime minister said while opening a cabinet meeting on Wednesday.
According to Azarov, the government is ready to take fairly drastic measures to provide maximum investment freedom in those areas in which high profits will be made and new jobs created.
The prime minister noted that in the past year, due to the implementation of government programs, capital investment in the first half of this year increased by almost a quarter, and the number of jobs grew respectively.
In addition, the prime minister said that the unemployment rate fell to 1.6% of a total working age population. Azarov also noted that in June 2012 the number of people registered by the Employment Service fell by 80,000.
