Poroshenko attends launch of plant of components for premium cars

During a working visit to the city of Kolomyya in Ivano-Frankivsk region, President Petro Poroshenko took part in the opening of a new facility of Germany's LEONI group of companies that will produce cable systems for the automotive industry on September 29, according to the presidential press service.

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"Today's event is important given that LEONI AG is one of the biggest cable manufacturers in the world. The top customers of LEONI are such giants as General Motors, Volkswagen, Audi, Porsche, Lamborghini, and other elite car brands. This production will be impossible without Ukrainians," the president noted.

The head of state emphasized that by 2021, the city of Kolomyya will have created 5,000 jobs. Now, this figure equals 800. Moreover, investors will provide wages equal to UAH 8,000, a unique social package for workers and European standards that will finally work in Ukraine.

"Why are investors so confident? Why do the Ukrainian government, Ukrainian authorities, President say that the worst is already behind? Ukraine has six consecutive quarters of strong economic growth. We are convinced that the losses caused by the war and economic aggression on the part of Russia will no longer stop Ukraine. We survived, adapted, found new markets and ensure economic growth," Poroshenko said.

Read alsoPoroshenko to cut ribbon to launch cable production in Lviv region for BMWHe also noted that every plant opening is important today, as Ukraine must become a successful country of successful people. He added that wealthy people, the formed middle class are also a guarantee of security, independence, freedom and democracy of the Ukrainian state.

"We are particularly grateful to those who believed in this and came to Ukraine first. Thank you for being with us today. Thank you for the fact that the mutually beneficial cooperation today brings real results to both investor and Ukraine," the president noted emphasizing that Ukraine was capable of defending itself and the Ukrainian army was a reliable guarantor of the state independence.

"I would like to thank LEONI for being one of the first to believe in Ukraine, voting for the future of Ukraine with dollar, euro, creating future jobs, providing new taxes to the territorial communities, believing that Ukraine is competitive and effective for investors," the head of state stressed.

The president noted that such confidence was provided to investors by the reforms in Ukraine, the entry into force of the Association Agreement between Ukraine and the European Union and the DCFTA introduction.

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