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18 August 2017
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Ukrainian and Austrian Governments agreed on deepening cooperation

Austria to inevst 5 bn Euro into Odessa region

Prime Minister of Ukraine Yulia Tymoshenko and Federal Chancellor of the Republic of Austria Alfred Gusenbauer have agred on deepening of strategic cooperation between the states. According to the government’s press-office, as Premier of Ukraine Yulia Tymoshenko announced at a press conference following the meeting with Federal Chancellor of the Republic of Austria, nowadays Austria ranks seventh among the largest investors of Ukraine. According to her, general amount of Austrian investments into Ukraine’s economy totals 2.5 bn Euro.

PM of Ukraine informed that she previously agreed with Federal Chancellor of the Republic of Austria on realization of a series of new huge investment projects. She announced that Ukraine is ready to attract on tender conditions Austrian companies for the development of oil and gas deposits on the shelfs of the Black and Azov seas. According to her, realization of such objects proves possible pursuant to the law of Ukraine “On distribution of production” according to which the part of extracted oil and gas belongs to the state while the other share – to the investor.

Furthermore, Prime Minister of Ukraine imparted about the previously achieved understanding in terms of drawing investments to the tune of 5 bn Euro for the construction of a steel-rolling plant in Odesa region which an Austrian company Fest-Alpina is ready to provide. Yulia Tymoshenko underlined it can be one of the most powerful projects with regard to attraction of foreign investments into Ukraine’s economy. “Today strategic cooperation between the states is much discussed. We don’t just speak, we are doing this cooperation,” Premier of Ukraine explained.

 

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