Up to $5 B a year: UkraineInvest plans to boost inflow of investment in production

Up to $5 B a year: UkraineInvest plans to boost inflow of investment in production

Ukrinform
Ukraine’s Investment Promotion Office (UkraineInvest) plans to boost the inflow of foreign direct investment in the production sector of Ukraine up to $5 billion a year by 2025.

"Our program aims to boost the annual inflow of foreign direct investment to Ukraine at the level of $5 billion by 2025. As of the first half of 2021, we see that the inflow of foreign direct investment in the production sector is $1.5 billion" UkraineInvest Executive Director Sergiy Tsivkach said at the 2nd annual forum "MAKE in UA" on December 14, an Ukrinform correspondent reported.

As noted, on December 14, the first formal application for investment projects with significant investments was filed to the Ministry of Economy of Ukraine and another one will be submitted by the end of the week. The total amount of two applications exceeds $96 million.

"What kind of pilot projects do we choose first and foremost? These are projects from the USA, Great Britain, Germany, France, and the Nordic countries. As of today, the general accumulated volume of investments from these countries stands at $8.5 billion. The share of these investments in production totals $2.3 billion," Tsivkach noted.

He emphasized that the priority areas for investing are both traditional sectors such as agro-processing, pharmaceuticals, furniture production, and sectors that have a high level of innovation and added value: machine building, electronics, etc.

ol


Let’s get started read our news at facebook messenger > > > Click here for subscribe

While citing and using any materials on the Internet, links to the website ukrinform.net not lower than the first paragraph are mandatory. In addition, citing the translated materials of foreign media outlets is possible only if there is a link to the website ukrinform.net and to the website of a foreign media outlet. Citing and using materials in offline media, mobile apps, Smart TV are allowed only with written permission from Ukrinform. News and publications marked as "Advertisement" and "PR" and articles in the section "Releases" include promoted content, and an advertiser is responsible for the content.

© 2015-2022 Ukrinform. All rights reserved.

Website design Studio Laconica

Extended searchHide extended search
By period:
-