Regions Party promises annual economic growth in Ukraine at minimum of 5%

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July 31, 2012, 8:12 a.m. | Politics — by Interfax-Ukraine

President of Ukraine Viktor Yanukovych (centre), Prime Minister Mykola Azarov (L) at the Party of Regions' 14th Congress in Kyiv.

The Party of Regions has promised to ensure the growth of Ukraine's GDP at the minimum of 5% a year.

The party made this pledge in its election program, which was handed over to journalists at the party's 14th Congress in Kyiv on Monday, July 30.

In addition, the party said it would strive to ensure the stability of the national currency.

According to the program, these goals will be achieved through the gradual reduction of corporate income tax to 16% in 2014, the introduction of tax holidays for IT and innovation projects for ten years, providing affordable bank loans to domestic producers.

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