The Ukrainian Business Initiative (UBI) supports drafting new Constitution of Ukraine and creating a new economic model of the state, the UBI co-founder MP Serhiy Taruta has said.

“UBI advocates the creation of a new public agreement. The civil sector should undertake this responsibility. We need to fully redo the Constitution,” he said in an exclusive interview with Interfax-Ukraine.

The lawmaker said that powers of authorities should be transferred to regions as wider as possible as part of the Constitutional changes.

“We need a parliamentary republic, two chambers of parliament. The government should be small, and functions are transferred to the regions,” he said.

He also said that the Constitution should be prepared and passed under a new procedure. He recalled that relevant bill on the procedure for drafting the Constitution of Ukraine has been registered in parliament.

“The second task is the new economic model that would cover the period of 10 years. I think that in 10 days UBI will publish the economic doctrine,” he said.