Ukraine`s President names most promising sectors to be considered for investment

Thursday, June 16, 2016 - 16:02 (EEST) Section: Latest news

Ukrainian President Petro Poroshenko has named agriculture and infrastructure as the most promising sectors that require ”contribution and development,” the presidential press service reported.
This statement the Ukrainian president made during the solemn opening of a new oilseed production and transshipment terminal in the territory of the Sea Commercial Port of Mykolaiv.
According to the president, the volume of investment in the construction of the facility amounted to $280 million.
”The launch of this complex is an example of strong faith of the investor in good economic future of Ukraine. These are not just words. These are the voting for Ukraine by money that create new jobs, increase tax revenues of state and local budgets, increase purchasing price of Ukrainian farmers and foreign exchange earnings of Ukraine, strengthen the exchange rate and act as the best advertisement for the investment opportunities and attractiveness of the country,” the press service quoted Poroshenko as saying.
”Projects of such level demonstrate trust of the international business in Ukraine and recognition of efforts of the Ukrainian authorities aimed at the creation of new investment climate and favorable conditions for business,” the president noted.
According to Poroshenko, despite positive trends in the economy and investment climate of Ukraine, investors still have to face certain obstacles, for example, extremely high port fees that make Ukrainian ports less competitive in comparison to the other Black Sea ports. Another problem is ensuring access to moorings as strategic infrastructure and creation of conditions for their transfer to investors.
”I am sure that we will solve these problems jointly with the government shortly,” the Ukrainian president said.
The president also assured investors that he would do his best to ensure political and economic stability of Ukraine.
Poroshenko emphasized the importance of American-Ukrainian partnership. He recalled the recent signature of the loan agreement with the U.S. government to the tune of $1 billion.
UNIAN memo. Bunge investments are part of a larger program of U.S. investments in Ukraine`s infrastructure facilities. In particular, Ukraine and the United States signed an investment agreement worth a total of about $100 million to build a grain terminal at the port of Yuzhny in Odesa region in March 2016.