Kyiv Investment Week, a series of business and technological events for investors, business angels, start-ups and entrepreneurs from all over Europe will be held in Kyiv from October 15 to 19, 2018. For five days, the capital of Ukraine will become the main European platform for communication of international and Ukrainian businesses and start-ups. In total, eight events will be attended by about 3,000 participants and 130 speakers from Europe, America and Asia. The objective of Kyiv Investment Week is to represent Ukraine to foreign investors and help participants establish new business contacts and strengthen partnerships.
Kyiv International Economic Forum (KIEF) will become the key event of the week. The fifth anniversary KIEF will be held on October 18-19, 2018 and will bring together world-class economists, famous businessmen, investors and visionaries from more than thirty countries. The leitmotif of the forum will be the future of the countries in the high-tech world. Participants in the KIEF are expected to discuss the strategies and tools of competitiveness, consequences of trade wars, investment attractiveness, as well as the introduction of modern technologies in industry, banking and agrarian spheres, etc.
“During Kyiv Investment Week, several promising business events aimed at increasing the investment attractiveness of Ukraine will be concentrated in Kyiv. This is also one of the main tasks of KIEF. To participate in the forum in Kyiv, numerous delegations of potential investors will arrive to familiarize themselves with the business opportunities of Ukraine. Thus, KIEF and Kyiv Investment Week will really influence the improvement of Ukraine’s reputation in the world,” comments Yuriy Pyvovarov, Head of the KIEF Organizing Committee.
Moreover, the Kyiv Investment Week program includes a one-day business tour for foreign investors around the key points of the Ukrainian start-up ecosystem (October 15, 2018); UNIT Investment Summit in the UNIT.City Innovation Park, which will unite investors, who manage more than $300 million, under one roof (October 16, 2018); the evening of the final presentations of the RadarTech PopCorp FinTech Accelerator (October 17, 2018); Kyiv Barcrowling Week, the week of discounts in the best creative bars and restaurants (October 15-18, 2018); CreativeMornings/Kyiv, the monthly breakfast-lecture for creative professionals (October 19, 2018) and Kyiv Silicon Drinkabout, the Friday’s networking party of the Kyiv high-tech community (October 19, 2018).
Kyiv International Economic Forum (KIEF) is a permanent platform for the formation of Ukraine’s economic development strategy. It is aimed at organizing a dialogue between experts, business and government, adopting the best international experience, creating a roadmap for development and facilitating the conversion of ideas into real actions. www.forumkyiv.org
Ukraine needs foreign direct investment (FDI) to provide stable growth, and one of the fastest instruments for attracting at least $15-20 billion could be the offer of state-owned agricultural land estimated at 10 million hectares, Managing Partner of ICU Investment Group Makar Paseniuk has stated. “Land reform would be a huge driver for the further development of our country, as it can be done quickly and it will quickly attract FDI,” he said at the Ukrainian Financial Forum organized by ICU in Odesa.
Paseniuk said that the total area of agricultural land in Ukraine is estimated at 20-25 million hectares, of which about 10 million hectares still belong to the state. According to him, the average rent rate is $140-150 per hectare a year, which, taking into account the conservative estimate of a 10% rate, entails the cost of land of $1,500-2,000 per hectare.
“Thus, the cost of all state farmland is $15-20 billion, which can be compared with the existing IMF program in the amount of $17.5 billion or more, which twice as much as the NBU’s net reserves of $6.8 billion,” the expert said.
He urged the state to actively offer large investment projects in other sectors.
“I cannot name an economically viable project in which a private investor can now invest $1 billion,” Paseniuk stated.
Ukraine and Norway are negotiating about investments in renewable energy projects for EUR300-400 million, Ukrainian Foreign Minister Pavlo Klimkin has said. “We are starting work with a number of Norwegian companies that come to build relations in renewable energy. The matter concerns serious investment of EUR 300-400 million,” the minister said at a joint press conference with the Norwegian foreign minister in Kyiv.
According to Klimkin, the matter concerns projects, in particular, related to solar energy.
Hereditary Prince of Liechtenstein Alois advocates the increase in investment of his country in the Ukrainian economy. “We talked about expanding economic cooperation. There are Liechtenstein firms that are already working in Ukraine… We talked about the possibility of developing this cooperation and attracting more Liechtenstein investments to Ukraine,” the prince said in a statement to the press after a meeting with Ukrainian President Petro Poroshenko in Kyiv. He said that in recent years Liechtenstein participated in various projects in Ukraine – both in supporting the reform process and in the humanitarian sphere.
In turn, Poroshenko said that half of the investments that come from Liechtenstein to Ukraine are directed to industry. “This shows the long-term and strategic nature of Liechtenstein investors’ plans for Ukraine,” the head of state said.
The volume of investment in agriculture and provision of serviced related to them totaled UAH 10.52 billion in January-March 2018, the Agricultural Policy and Food Ministry of Ukraine has reported. According to the report, this was 9.5% more than a year ago. In addition, investment in production of food, beverage and tobacco products totaled UAH 4.5 billion in the first quarter of 2018, which was 56% more than a year ago.
The key source of financing of capital investment is own funds of companies, which share of total investment was 76.2%.
The Cabinet of Ministers of Ukraine has approved a list of 477 investment programs and regional development projects for the total amount of over UAH 4 billion, which will be financed by the State Regional Development Fund in 2018.
“We have approved the first list of investment programs and regional development projects that will be financed from the State Regional Development Fund in 2018. Now 477 projects for a total of more than UAH 4 billion are approved,” the press service of the Regional Development, Construction, Housing and Utilities Economy Ministry of Ukraine reported with reference to the decision of the government on Wednesday.
Some 80 educational facilities (regular schools and kindergartens) for the amount of UAH 1.3 billion will be built in the regions at the expense of the State Regional Development Fund, 95 facilities of public health and social protection – UAH 804 million, 78 sports facilities – UAH 740 million, 36 water supply and sewage facilities – UAH 200 million, 25 facilities of road and transport infrastructure – UAH 334 million, and 26 cultural facilities – UAH 397 million.
The draft resolution on financing at the expense of the State Regional Development Fund includes projects that have been submitted to the Vinnytsia, Volyn, Dnipropetrovsk, Donetsk, Zhytomyr, Zakarpattia, Zaporizhia, Ivano-Frankivsk, Kyiv, Kirovohrad, Luhansk, Lviv, Mykolaiv, Odesa, Poltava, Rivne, Sumy, Ternopil, Kharkiv, Kherson, Khmelnytsky, Cherkasy, Chernivtsi, Chernihiv regional administrations and Kyiv City Administration.
