This study evaluates the impact of different individual, family and regional factors on child-bearing decisions using ULMS 2003 and 2007 data and provides recommendations on fertility-enhancing policies. Specifically, we looked for the income effect, which would indicate that higher child allowance could stimulate fertility, and for the effect of childcare provision in a region. The regression analysis showed that personal characteristics, such as age, prior number of children, employment and life satisfaction have the highest impact on the child-bearing probability. Neither income not raion-level variables turned out to be significant. Still, there are more arguments in favour of childcare provision rather than child allowance increase. Specifically, allowing a mother to return to work sooner would prevent her human capital deterioration, and thus improve her career perspectives, increase income and therefore, the amount of taxes she pays to the state.