Ukraine attractive to investors, including in IT, agriculture, engineering

Investors expect the country will not allow backsliding on reforms.

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Ukrainian President Petro Poroshenko said that Ukraine was attractive to investors and could offer a lot in the spheres of agro-industrial complex, IT industry, engineering, logistics, etc.

In an interview with Ukraine TV channel, the head of state reminded that at the meeting of the National Investment Council, the creation was announced of the Fund to invest $200 million in Ukraine, which would be directed to SMBs. Also, an agreement on renewable energy has been concluded, the presidential press service recalled.

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"What do they [investors] expect from Ukraine today? […] they expect that revenge won't happen. They expect the achievements made to improve the investment climate, which allowed us to move from 153, 112 to 71 place [in Doing Business], to be preserved; so that there is no backsliding on reforms," the president said.

According to the President, investors did not expect changes to take place so quickly.

"I'd like to thank each of them. Thank you for your faith in Ukraine, for every dollar of investments that create jobs and budget revenues that support Ukraine," added Poroshenko.

As UNIAN reported earlier, on Jan 23, 2019, an agreement was signed in Davos between Norway's NBT, France's Total Eren, and EBRD on developing a Syvash windfarm project envisaging EUR 150 million investment. The total cost of the project on creating Ukraine's largest windfarm is estimated at EUR 400 mln.

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