National Agency for Foreign Investment and Development (Ukrvneshinvest ) has developed for the government program to attract foreign investment in 2010 amounting to $ 12 billion for the implementation of infrastructure projects.
The program - implementation of 10 major investment projects totaling $ 7 billion will be among the priority agricultural projects, - the adviser to Prime Minister on Foreign Investment Kaskiv during IX Lviv International Economic Forum. In addition, will be selected 40 projects for implementation which must be another $ 5 billion
It will be foreign direct investment. If the state guarantee and will be used only as a stimulating factor - these projects should be extremely profitable basis, - explained Mr. Kaskiv. Adopt Resolution of the Cabinet on the mechanism of selection of strategic projects planned, he said, a few days.
Selected projects will be presented at the National Investment Forum in June 2010. In parallel, will be held road-show in 42 world financial centers. Of these, North and South America, and Europe accounted for 7 and 12 of these cities-centers, respectively. Half of the meetings, which can be held for two months, are scheduled in 11 cities in Southeast Asia, 7 cities in the Middle East, as well as in Africa and Australia.
Ukrvneshinvest will perform Press support program. Planned coverage opportunities of Ukraine in such publications as the Financial Times, The Economist, fDi Magazine, as well as direct advertising on the BBC, CNN, Euronews. Part of the program will be the creation of investment agencies, which at the regional level will work with investors.
attract $ 12 billion of investment is possible, but it would require up to five years, said Director of the EBRD in Ukraine Andre Kuusvek. According to him, only the restoration of the transmission system requires $ 2.3 billion and if we assume this infrastructure project, it is likely that within five years will be able to invest in infrastructure projects of $ 10-12 billion, but investors' decisions will depend on whether there will in 2010 the rise of the global economy. There are indications that next year the world, particularly Europe and Asia, will be easier, but in Ukraine such signs yet, - says Mr. Kuusvek.
Restricts arrival of external capital and a large share of shadow economy (according to the Ministry of Economy - 31,1%), say entrepreneurs. After the end of the financial crisis, capital markets will recover, but the companies that remain in the informal sector will be difficult to attract resources. The market simply will not be able to estimate their fair value, - says the head of the supervisory board of the concern Galnaftogaz Vitaly Antonov.
The best investment in the future of Ukraine - it is in sectors servicing the domestic demand. Whatever happened to the overall macroeconomic situation in sectors such growth will be higher than in developed countries - believes CEO IDS Borjomi International Vladimir Ashurov. - Ukraine - one of the major markets of Eastern Europe with a very low penetration in the consumer goods and skilled labor force.
Vyacheslav Sadovnichii
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