Regions that demonstrate readiness for implementation of reform will receive state investments in 2012, Ukrainian President Viktor Yanukovych has said.
"In 2012 the innovational potential of the state fund for regional development will be used to fund very important spheres and branches of local government and regional development," the president said in Kyiv on Tuesday.
According to Yanukovych, such support will be selective and targeted.
He stressed that these will be state investments and guaranteed state loans for projects that "would effectively influence local development."
"The state will demand the improvement of people’s well-being and services from every hryvnia spent," Yanukovych said.
