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Vice Prime Minister: Competition for investor is among essential conditions of community development
24.02.2017 | 17:32

Local authorities should enter the fray among the regions, launch a competition for participation in projects, compete for investor and entrepreneur. In the aftermath it's new jobs, improved wages and revenues to local budgets. This was stated by Vice Prime Minister - Minister of Regional Development, Building, Housing and Utilities of Ukraine Hennadii Zubko during the forum “From creating of consolidated communities towards sustainable growth”.

“In 2014 the most strategic decision which was supported by the President, the Government and the Verkhovna Rada and the citizens - was adopted: a Concept of reforming of local government and territorial power organization in Ukraine. During 2015-2016 we created the foundation for the reform – necessary legal framework was adopted, communities amalgamated, powers and resources were devolved, financial decentralization implemented, state support provided (subventions, State Regional Development Fund, etc.). Now the communities must move towards sustainable growth, supporting of citizens, improving the quality of services. This means to prioritize community development, use competitive advantages, attract investment and make a breakthrough. We will succeed because we have an ambitious, dynamic and European country,” noted Hennadii Zubko.

The Vice Prime Minister reminded about the growing local budgets trend.


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