Ukraine, still without a coalition government almost two months after parliamentary elections, needs new economic policies to boost the country's growth and raise living standards, Ukrainian Prime Minister Yuriy Yekhanurov said.

Yekhanurov said his outgoing Cabinet had plans to achieve economic growth of up to 8 percent each year through to 2011. He will sell off companies to boost foreign direct investment tenfold each year, he said.

"We have to change our economic policy," Yekhanurov said Thursday at a meeting with businessmen in Kiev. His remarks were broadcast on Ukraine's ICTV television. "Our main task must be to make the economy grow between 6 percent and 8 percent each year through to 2011."