FDI volume expected to reach $5B this year - Ukraine’s Vice PM
This was told to Ukrinform by First Deputy Prime Minister, Minister of Economy Yuliia Svyrydenko, who spoke with journalists on the occasion of a meeting with German Minister of Economic Cooperation and Development Svenja Schulze.
"Last year, foreign direct investment was recorded at $4.2 billion. This year, we expect growth of about 20%," Svyrydenko said.
At the same time, she emphasized that domestic business remains the largest investor in Ukraine as it “reinvests funds in its operations”.
To improve the investment climate, the deputy prime minister believes, Ukraine needs to show progress in reforms.
"Investors are interested in improving the regulatory environment in Ukraine. On our way to the EU, on our way to receiving funds within the framework of cooperation with the World Bank, IMF, European Commission and within the Ukraine Facility, we need to fulfill a total of 325 benchmarks, 200 of which are due this year. Therefore, we must show, and are showing, progress in implementing reforms," Svyrydenko added.
As reported, the EBRD Board approved investments in Ukraine worth over EUR 1.3 billion within eight projects to support the public and private sectors.
