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Industrial Policy Ministry to elaborate industry development program

Posted by the Editor on December 30, 2013


News / 30 December 2013 | 11:24

Industrial Policy Ministry to elaborate industry development program

Industrial Policy Ministry to elaborate industry development program

The government has assigned the responsibility for Program for Industry Development 2020 and the deadline for its submission to the Cabinet by the decree dated Dec. 25, the Information-Analytical Bulletin of the Cabinet of Ministers of Ukraine informs.
The Decree “On amending Decree 603 of the Cabinet of Ministers of Ukraine dated July 17, 2013” transfers the right to design and implement the state program in the industrial sector to the Ministry of Industrial Policy. This is a technical solution; the Ministry of Economic Development and Trade was previously responsible for the development of such a program as the Regulation on Industrial Policy was not approved at that time. It should be reminded that Decree 603-r approved the Concept of national target economic program of industrial development for the period through 2020.
The approved decree says that “the bill proposes to assign the Ministry of Industrial Policy as the state client of the Program and to reschedule the deadline indicated in the Program for review of the Cabinet of Ministers to Sep. 30, 2014, according to the Charter of the Ministry of Industrial Policy.”
The National target economic program of industrial development through 2020 is aimed to find a comprehensive solution to the issues of the Ukrainian industrial sector. The main objective of its development is to provide a framework for structural and technological modernization of Ukrainian industry. Major transformation efforts will focus on increasing the share of high-tech activities in the volumes of own production and employment growth. It is expected that the real wages of industry workers will grow by 10-15% every year.

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