Economic development is not just about money and improving overall well-being of individuals. Proper improvement of living standards is certainly the ultimate goal of transformations, however, the way to achieve this goal is complex and the methods can at times be not so obvious. Structural modernisation of the economy, significant improvement of business conditions, impetus for the development of Ukrainian industrial complex are all vital for the rapid inclusive growth expected to be ensured by the use of a number of systemic reforms to achieve the goal.
The Government’s key tasks to achieve economic development are:
To create favourable conditions for the development and doing business in Ukraine by making the market as fair and transparent as possible and minimising regulation.
To create favourable conditions for the development of a strong, competitive small and medium business sector by providing access to finance and markets, and by creating an infrastructure for small and medium business development.
To ensure profound reforming of the energy sector by creating opportunities for Ukraine to achieve energy independence.
To liquidate unprofitable state-owned enterprises, the country’s fiscal burden, to ensure good management of strategic assets.
To ensure transparent and effective management of land resources, the formation of empowered local communities by transferring public agricultural land to them as key means of production and economic development of regions.
To ensure high-quality, affordable transport services in Ukraine and to make the infrastructure modern and integrated into international transport networks.
Upon the completion, each result and all of them together will strengthen the budget, enable a move to modernisation of production, make Ukraine a part of regional and global value chains, accelerate attracting investments in Ukrainian economy and create new jobs. This will open new opportunities for Ukrainian people resulting in better quality of life of each of them.