Internationally well known companies are ready to invest up to $1.5 billion in Ukraine as they see prospects for development, deputy head of Ukraine's presidential administration Valeriy Chaly has said.
“Meetings with representatives of internationally known companies, who have already been working with Ukraine, have given an unexpected result. [At these meetings,] there has been confirmed a desire in the near future to invest up to $1.5 billion in Ukraine. Even in these difficult financial conditions and the conditions of war, businesses have quickly responded to the messages of the president,” he said in Kyiv on Friday, commenting on President Poroshenko’s participation at the World Economic Forum in Davos.
Chaly said that the funds will be invested in IT technology and agricultural businesses.
“This is the near-term issue,” he added.
He also said that companies currently operating in Ukraine are ready to expand their presence on the market.
“For example, Cargill wants to expand its operation in Ukraine. There are problematic issues there that the government should resolve. For example, VAT [value added tax] refunding and our general investment climate… However, companies which see prospects and operate on the Ukrainian market are ready to expand their presence,” he said.
Chaly added that an unexpected meeting with representatives of Vimpelcom company was held.
“This company earlier was positioned as a Russian one. However, when they saw proposals and prospects for cooperation – the company is going to enter with investment from Europe and U.S. management… I’m sure that in the present conditions several hundreds of millions of U.S. dollars is the thing that should be welcomed. This is in the IT area,” he said.
