Business news from Ukraine

Business news from Ukraine

AUSTRIA INVESTS $1.345 BLN IN UKRAINE BY 2018

Austria invested over $1.3 billion in the economy of Ukraine by 2018.
“Austria had invested $1.345 billion in the economy of Ukraine as of the end of last year, which was 3.4% of the total amount of foreign direct investment injected in our country’s economy,” the Ukrainian Cabinet’s press service said in a statement following a meeting between Ukrainian Prime Minister Volodymyr Groysman and Federal President of the Republic of Austria Alexander Van der Bellen.
During the meeting, Groysman stressed that European integration is Ukraine’s irreversible foreign policy choice, therefore Kyiv looks forward to intensifying the dialogue on a wide range of issues, taking into account Austria’s chairmanship of the EU in the second half of this year. The two officials touched on the situation in Donbas. “The annexation of the Crimea and the occupation of the east are illegal. This is a vivid violation of international law. Russia thinks everything will go unpunished. But we must prevent such opinions from existing,” the Cabinet’s press service quoted the Austrian president as saying.
As reported, Alexander Van der Bellen says Austrian investors are highly interested in Ukraine and underscores the need for a more intensified fight against corruption.