You're reading: Yanukovych: Ukraine has no alternative to modernization

Modernization of the country is the only way to develop its economy and ensure its sustainable growth, Ukrainian President Viktor Yanukovych said at a meeting with the candidates for chairmanship of district state administrations on Friday. 

According to the presidential press service, the head of state noted that various spheres have been undergoing reform in Ukraine for the third year in a row. Some reforms are implemented slower than was expected, but the main spheres and the country in general are gradually modernizing, he said.

“There was no alternative to this path,” Yanukovych said.

According to the president, such renovation will also allow the introduction of flexible instruments for the regulation of the unstable economic situation in the world, which could minimize influence of crises on Ukraine’s economy.

“It is very important to understand what problems and bottlenecks we have, and how to deal with them in various situations in order to be able to protect our economy,” Yanukovych said.