Business news from Ukraine

GERMANY INITIATES HOLDING OF ECONOMIC FORUM IN KYIV WHERE INVESTMENT PROJECTS ARE PRESENTED – KYIV MAYOR

17 February , 2016  

KYIV. Feb 17 (Interfax-Ukraine) – The Federal Ministry for Economic Cooperation and Development of Germany has proposed that the economic forum is organized and held in Kyiv, where Kyiv will present projects in which German investment could be involved, Kyiv Mayor Vitali Klitschko said in Munich after a meeting with Federal Minister for Economic Cooperation and Development of Germany Gerd Muller.

“We’ve agreed to hold the economic forum in Kyiv with the involvement of German business to continue cooperation and attract investment and we will present projects for the implementation in Kyiv,” the press service of Kyiv City Administration reported on Saturday, citing Klitschko.

He said that Germany wants to directly work with Ukrainian cities for more efficiency, taking into account successful experience and the implementation of projects with Kyiv. Kyiv authorities realized a project of open budget with support of Germany. The project has made all spending of the budget funds transparent and this was another step in fighting corruption.

“I as the chair of the Association of Cities and Towns of Ukraine proposed to the minister that cooperation is expanded for other cities – for example, to realize the open budget project in other cities of Ukraine and consider the projects for investment,” Klitschko said.