The Investment Promotion Office (UkraineInvest) has received 23 requests from potential investors for a total of $1.35 billion within the framework of the adopted law on “investment nannies,” UkraineInvest Executive Director Serhiy Tsivkach told Interfax-Ukraine on the sidelines of Hyperloop 3.0 organized by the Biosphere Corporation in Lviv.
“As of today, we have 23 projects. The 24th is being confirmed. The total amount is $1.35 billion. I think that after this event, the pipeline will increase by another 500 million,” Tsivkach said.
According to him, now UkraineInvest employs about 14 people in this direction. “Some of them work directly with investors, some do their homework. We try to ensure that one manager has 7-10 projects,” the head of UkraineInvest said.
He said that the government has already adopted four by-laws necessary for the launch of the investment nannies mechanism in practice.
“We are still expecting three acts: on keeping the register of projects, requirements for feasibility studies and methodology for calculating the amount of state aid. I think that within a month, God forbid, we will be able to process the first applications and submit them to the Ministry of Economy,” Tsivkach said.
The UkraineInvest Office at the Cabinet of Ministers of Ukraine is currently accompanying investment in Ukraine in the amount of around $2 billion, Ukrainian Prime Minister Volodymyr Groysman has said. “Our UkraineInvest Office is accompanying around $2 billion of investment. It is extremely important that these are real projects being implemented or that will be implemented in Ukraine and new jobs will be created,” he said at a government meeting in Kyiv on Wednesday.
The UkraineInvest Office was created on October 19, 2016 aiming at boosting foreign direct investment (FDI) thanks to cooperation with investors, who want to enter the Ukrainian market. Western NIS Enterprise Fund (WNISEF) finances the UkraineInvest Office.
