UkraineInvest: $2.2 B to be invested in Ukraine's economy in two years

As UkraineInvest Executive Director Serhiy Tsivkach said at a press conference on Tuesday, the Office is currently working on 46 investment projects and expects the attraction of at least $ 2.2 billion in the Ukrainian economy in 2020-2022.

Companies already operating in Ukraine plan to invest about $527 million in the next year and a half, he noted.

"As for the UkraineInvest activity, we plan to open from 10 to 15 overseas offices. Now we are negotiating with such centers as New York, London, Stockholm and other capitals where potential investors live," Tsivkach said.

The Investment Promotion Office (UkraineInvest) is a permanent advisory body to the Cabinet of Ministers of Ukraine, established by a government decree in October 2016 to attract foreign direct investment to Ukraine and improve the country's image as an attractive country for investment. UkraineInvest's work is aimed at providing investors with up-to-date information and advice on the peculiarities of doing business in Ukraine, as well as on activities in the main sectors of the economy: agribusiness, manufacturing, energy, infrastructure, innovation technologies. The main activities of the Investment Promotion Office are the formation of a favourable investment climate, assistance to investors in doing business in Ukraine, creation of opportunities to boost investments in Ukraine's economy.

Activities implemented by UkraineInvest include the conduct of investment workshops and meetings, participation in specialized exhibitions, conduct of direct marketing events, organization of visits of potential investors, search for local partners for potential investors, assistance in obtaining the necessary permits and approvals, etc.

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