: :inin Kyiv (EET)

Ukraine`s government to launch investment promotion agency on Sept 1

Ukrainian Prime Minister Volodymyr Groysman has announced that his government plans to launch an Investment Promotion Office on September 1, 2016.

”The office will start work from September 1,” he stated at a government meeting on Monday.

The office staffing will be sponsored by the U.S.-based Western NIS Enterprise Fund.

Deputy Finance Minister Oksana Markarova will be in charge of preparations for the launch, he said.

The Office will assist and facilitate foreign investors` activity in Ukraine. Non-governmental financing will contribute to the hiring of highly skilled professionals, he added.

”Only the best should work at the Investment Promotion Office,” he emphasized.

As UNIAN reported earlier, the Cabinet in June 2016, announced plans to create an agency within two or three months to raise investment.

Groysman earlier said the government would do its best to create conditions for foreign investment and encourage investment in the national economy in every way possible.

The amount of direct foreign investment in Ukraine`s economy (non-residents` equity capital) as of April 1, 2016, amounted to US$42.82 billion, up 0.7%, or $297 billion, from the beginning of the current year when the indicator was at $42.523 billion.

Investment in the first quarter came from 125 countries. Ukraine`s major investors accounting for 82.9% of total investment were Cyprus, the Netherlands, Germany and Russia, as well as Austria, the United Kingdom, the British Virgin Islands and France, along with Switzerland and Italy.


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