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Yanukovich calls for modernising Ukrainian military-industrial complex

President Viktor Yanukovich said the rates on credit would be reduced by 10% for Ukrainian businessmen in 2014

KIEV, September 12 (Itar-Tass) - President Viktor Yanukovich said it was necessary to modernise the military-industrial complex.

During the working trip to the Volyn district on Thursday, Yanukovich said, “I want the Armed Forces to be strong and the military-industrial complex to develop for the benefit of the state.”

The president also said it was necessary to develop own production in order to implement a programme of import substitution. He pledged support in this direction.

“We should work on the programme of import substitution. I’m ready to do this jointly with you,” Yanukovich said.

He said the rates on credit would be reduced by 10% for Ukrainian businessmen next year. “Every year we’ll reduce the rates on credit. Now credit resources are expensive. They are on the level of 17-18 percent. We’ll reduce them by 14 percent this year and by 10-11 percent next year,” the president said.

“Our task is to make state credits accessible for entrepreneurs,” he added.

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