About $3.5 bln to be invested in Ukraine IT industry – expert

Chairman of the Board of the State Finance Institution for Innovations (SFII) Volodymyr Stavnyuk says about $3.5 billion will be invested in Ukraine's IT industry in 2017, according to an UNIAN correspondent.

!!!!!!!!!!!!!!!! UAA1 !!!!!!!!!!!!!!!

"Last year, over $3 billion was injected into the IT sector, this year the investment will be about $3.5 billion, with annual growth of over 10%," he said.

The expert also stressed that the European Union was the largest investor in Ukraine.

Read alsoNBU makes it easier for businesses to invest abroad"The largest investors are offshore zones and the European Union, and we hope that China will actively invest in Ukraine in the near future," Stavnyuk said.

UNIAN memo. The State Finance Institution for Innovations was established according to the Resolution of Ukraine's Cabinet of Ministers dated April 13, 2000, and it is a legal successor of the State Innovative Fund and its territorial branches regarding their property rights and obligations, including agreements on innovative loans.

The purpose of the SFII is providing a financial support to business entities of various property categories within the framework of the state innovative policy.

The mission of the institution is to strengthen the country's economy by attracting foreign and domestic credit and investment resources and direct them to financing of innovative and investment projects in strategic industries of the economy.

!!!!!!!!!!!!!!!!!!!!!!!! UAA2 !!!!!!!!!!!!!!!!!!!!!