KYIV. Sept 5 (Interfax-Ukraine) – Ukraine is one of the most attractive countries for potential investments among the fund managers investing in EMEA countries (the countries of Europe, the Middle East and Africa), the Institutional Investor edition has reported.
“Ukraine was number one with 32% of respondents prioritizing the country followed by Romania at 26%, Nigeria at 25%, and Kenya at 24%,” reads a report on the website of the portal.
According to the survey, “investors who are most bullish on Ukraine are based in Russia and other countries in the CIS.”
The report says the most attractive investment direction in Ukraine is the agricultural sector.
“Ukrainian agricultural companies have shown that they can cope with a challenging economic and political risk environment exceptionally well,” lead portfolio manager of Union Investment Sergey Dergachev said.
The Institutional Investor research department surveyed 214 fund managers in 154 companies as to which country ranks first in their list for a visit in the next 12 months to study potential investments.
KYIV. Sep 5 (Interfax-Ukraine) – The Ukrainian League of Industrialists and Entrepreneurs (ULIE) has proposed creating a museum of industry in Ukraine and to use loss-making coal mines in eastern and western Ukraine as sites for the project, including state-owned No. 1 Novovolynska mine.
ULIE’s press release on Monday said the project is being lobbied actively by ULIE’s Donetsk regional affiliate and has already received the support of Ukraine’s Ministry of Energy and Coal Industry, as well as ULIE’s board during a meeting on September 1.
According to the plan, grants will be sought for the project from European donors.
ULIE’s press release says the museum was to be built as per a presidential decree in 2000, however the project was realized and needs to be re-launched.
“We have to show the past of industrialized Ukraine and the potential the country has. Success depends on the development of our technical, industrial and innovation capabilities. There is not one positive example of national development of a country with an economy based on raw materials,” ULIE President Antaloly Kinakh said.
A roadmap for the project has been drafted, along with a plan to seek donors. ULIE proposes creating an organizing committee headed by a Ukrainian deputy prime minister, since some decisions will need to be taken by government.
A photo exhibition, dubbed “European footprint in the creation of Ukraine’s industry,” will be organized with the support of European Union embassies in Ukraine in order to drum up public and parliamentary support for the project. Additional funds will be sought for the project itself.
“We want to show that Donbas, despite the complicated situation in the region, has industrial potential and will develop it,” ULIE Donetsk regional branch chief Viacheslav Redko said, adding that Ukraine’s Energy and Coal Industry Ministry officials, regional officials, interested parties and industrialists would meet to discuss the project in the near future.
KYIV. Sep 4 (Interfax-Ukraine) – President of Ukraine Petro Poroshenko has announced the opening of a new Center for Provision of Administrative Services in Kharkiv, which will be one of the largest in Ukraine.
“Hundreds of comfortable, modern administrative centers are already operating throughout the country, and one of the largest will now operate in Kharkiv,” Poroshenko wrote on his Facebook page.
“Each such Centre on Provision of Administrative Services is a symbol of transparent, effective power. And most importantly it means comfort and convenience for citizens,” the president said.
KYIV. Sept 4 (Interfax-Ukraine) – Prime Minister of Ukraine Volodymyr Groysman has announced the creation of the Startup Support Fund in 2018.
“There is no opportunity to transform your invention into a real economy in Ukraine. For this we need to strengthen copyright. We will create the Startup Support Fund next year, we will support, we will invest in this, because this is, by and large, a huge success for our entire country,” the premier said at a meeting with the students of the Erudite educational complex in Solomiansky district of Kyiv.
He noted that many successful startups in the world were created by Ukrainians.
KYIV. Sept 4 (Interfax-Ukraine) – Endless Moonlight Limited and Trading Field Limited (both based in Hong Kong) has announced their intention to purchase 24.95% of shares in PJSC Donetskoblgaz from Luxembourg’s Grandgas S.a.r.l. and Gascity S.a.r.l.
This is stated in the reports of companies in the press.
These two Luxembourg companies own 49.9% of the shares, another 38.28% of Donetskoblgaz belong to Naftogaz Ukrainy.
Donetskoblgaz in 2016 saw net loss fall by 7.7 times compared to 2015, to UAH 53.719 million, its net income rose by 57.4%, to UAH 2.37 billion.
KYIV. Sept 4 (Interfax-Ukraine) – Finance Minister of Ukraine Oleksandr Danyliuk has met with representatives of the World Bank to discuss the revision of the bank’s portfolio in Ukraine.
According to a report on the ministry’s website, the revision of the program portfolio allows to assess the status of the project implementation, after which further actions will be agreed upon.
Over the 25 years of Ukraine’s membership in the World Bank, the organization has allocated $11.905 billion to finance investment projects. The funds went to the institutional development of public authorities, support for certain areas and projects in priority areas, as well as to support reforms and balance the budget, the Finance Ministry said.
Constant and systematic review of the state of implementation of the projects contributes to their efficiency, the press release says.
