Business news from Ukraine

KYIV INVESTMENT AGENCY WORKING ON 70 PROJECTS WORTH $1 BLN

24 April , 2015  

KYIV. April 22 (Interfax-Ukraine) – The Kyiv Investment Agency (KIA) is currently working on 70 investment projects worth $1 billion, KIA’s First Deputy Director General Vitaliy Boiko had said.

“In total, it’s about $1 billion. Until now, we have unfortunately managed to realize only UAH 1 billion,” he told reporters at the presentation of a KIA project in Kyiv on Wednesday.

According to Boiko, there are about 70 investment projects in total that are being prepared, and 10 of them will be demonstrated to investors.

“The key direction of the projects is re-development, i.e. revamping those municipally owned plots that are nowadays used inefficiently,” he explained.

He said that the investment projects also include the use of industrial sites of Kyiv-based enterprises that are standing idle.