Zelensky sees investment as most promising area of Ukraine-Turkey partnership

23:29, 03 February 2020
Economy
237 0
Zelensky invites Turkish investors to Ukraine / Photo from president.gov.ua

"I am sure that the investment sphere provides the greatest prospects for economic partnership between Ukraine and Turkey today. It is not only about establishing joint ventures, but also about active participation of Turkish companies in the privatization process," he said at a Ukrainian-Turkish business forum in Kyiv on Monday, February 3, according to the presidential administration.

A number of Turkish companies have already taken advantage of the opportunities in Ukraine, he said.

The Ukrainian president urged Turkish businesses to invest in the Ukrainian economy now. In particular, he invited Turkish businesspeople to participate in concession tenders in infrastructure modernization projects.

"One of our priorities is a large-scale modernization of infrastructure – roads, airports and seaports, the launch of transportation by river. The first concession tenders of the seaports of Olvia and Kherson have already been launched. We are currently preparing new tenders for airports and seaports, as well as concession road projects," he said.

According to him, investment in the development of tourist infrastructure in Kherson and Odesa regions was potentially attractive for both countries.

Read alsoWeek's balance: Zelensky vows to get investors a "nanny", while Ukraine issues eurobonds and releases population count data

He mentioned that the Ukrainian authorities were initiating a number of innovations to improve the investment climate. These include, for example, five-year tax holidays, the so-called Investment Nanny project, the creation of international arbitration for investors.

In his words, further development of cooperation between the two countries will be facilitated by the signing of a free trade agreement.

"This will give impetus in many areas: agriculture and food, housing construction, energy and energy efficiency, transport and tourism. We also have significant potential in engineering, production of transport and energy equipment," he said.

If you see a spelling error on our site, select it and press Ctrl+Enter