Business news from Ukraine


1 October , 2015  

KYIV. Oct 1 (Interfax-Ukraine) – Kyiv Investment Agency municipal enterprise is preparing to launch tenders under 17 investment projects in the near future.

“Now six innovation tenders are looking for investors, and another 17 tenders will be launched in the near term,” First Deputy Director General Vitaliy Boiko said at a conference of the Financial Club devoted to bank collateral property and its management and prospects, which was held on Tuesday.

He said that 12 investment tenders have been held. Around UAH 1 billion will be allocated to Kyiv during the realization of the projects that already have investors.

He said that today the agency has around 190 projects with a construction area of 1.4 million square meters, and the realization of them could give around UAH 18 billion.

He said that the key problems in the realization of investment projects in Kyiv is the ineffective work of the court system in protecting the rights of investors, closeness of information on city assets and their owners, and the large number of permits required to start construction.

Boiko said that cooperating with Kyiv Investment Agency investors could lift most of risks concerning the purchase of land parcels.