REUTERS
Ukraine's Cabinet of Ministers expects an inflow of foreign direct investment in 2017 will be US$4.5 billion compared to $3.8 billion in 2016, according to First Deputy Minister of Economic Development and Trade Maksym Nefyodov.
"The net inflow of foreign direct investment is expected to grow from $3.8 billion to $4.5 billion in 2017. We also hope that this figure will double by 2020," Nefyodov said during debates on medium-term forecasts stipulated in the government's action plan until 2020.
Read alsoUkraine's Finance Ministry estimates GDP growth in 2016 at 1.8%The investment inflow in three coming years can double to $8 billion or even higher, provided there are reforms and modernization of the economy, he said.
As UNIAN reported earlier, direct foreign investment into Ukraine's economy, according to Economic Development Ministry, in 2016 amounted to $3.8 billion, which is almost twice the amount in 2015. Investment came from 125 countries. Cyprus, the Netherlands, Germany, Russia, Austria, the United Kingdom, the British Virgin Islands, Switzerland, and Italy are Ukraine's major investors, accounting for 83.1% of the total invested sum.