Business news from Ukraine

Business news from Ukraine

POROSHENKO DISCUSSES UKRAINE’S REFORMING WITH INVESTORS OF HORIZON CAPITAL, WESTERN NIS ENTERPRISE FUND

27 October , 2017  

KYIV. Oct 27 (Interfax-Ukraine) – President Petro Poroshenko has met with investors of Horizon Capital and Western NIS Enterprise Fund.
“I am grateful to Horizon Capital and Western NIS Enterprise Fund investors for their faith in our country. We are carrying out reforms that make Ukraine stronger, more successful and more reliable,” he wrote on his Twitter on Thursday night.
The president told about the reforms in the country and its plans for the future. He said that in three past years, the country managed to stabilize the macro-financial situation and restore economic growth, purify the banking system, create the anticorruption institutions, reform the energy sector. In autumn, the parliament adopted the educational, judicial, pension and healthcare reforms, he added. The president is hopeful that by the end of the year, the parliament will have supported the initiative on privatization that will be held transparently and with a high level of trust.
“We are holding the reforms that make Ukraine stronger, more successful and reliable,” Poroshenko said.
Poroshenko said that Ukraine is a unique country and “now, it is the right time and place to invest.”
The investors of Horizon Capital represent government agencies, international financial institutions, pension funds, family bureaus and investors with a total capital exceeding $350 billion. The four funds managed by Horizon Capital invested in more than 140 companies and attracted $1.5 billion in these companies, creating more than 45,000 jobs in each region of Ukraine, the information says.
Western NIS Enterprise Fund was the first donor of the ProZorro electronic procurement system and funded the Ukrainian Leadership Academy, which currently educates around 200 students from all over Ukraine.
Deputy Head of the Presidential Administration Dmytro Shymkiv and Head of the Office of the National Investment Council under the President of Ukraine Yulia Kovaliv also attended the meeting.