OREANDA-NEWS. September 29, 2010. In 2011 the Government will support projects with time-to-profitability of 2-3 years, to a rapid transition of the Ukrainian economy on innovation and investment level. Prime Minister of Ukraine Mykola Azarov said this at the international conference "Ukraine: reforms, competitiveness, investment".

"2011 should be a transitional, in terms of the transition of our economy on innovation and investment level of development", the Head of the Government stressed.

Mykola Azarov said that the Government has identified priority areas for the near future to attract investments. "We will direct them to where we get the maximum short-term returns over the next 2-3 years", said the Prime Minister.

According to him, the biggest support, both from the Government and investment attraction, require agriculture and construction complexes. Mykola Azarov noted that for the Government at this stage one of the most important tasks is to restore the building complex: "It will help us revitalize domestic consumption, create incentives for domestic market". According to him, the construction industry is now in the most critical situation, and loss of production compared to 2007 total more than 60%.

The Prime Minister also stressed that the Government would implement investment programs related to energy savings and energy efficiency, as well as in aircraft and shipbuilding.