You're reading: Klitschko says Kyiv raises over Hr 2 billion investment in 18 months

Over the past 18 months the Kyiv authorities have realized investment projects worth over UAH 2 billion, Kyiv Mayor Vitali Klitschko has said.

“In the past 18 months we’ve raised over Hr 2 billion in investment. This is a small figure by ear, but this is a large figure given the current situation,” he said at the opening of the Eastern Europe and Asia Real Estate Forum in Kyiv on Nov. 26.

Klitschko called on potential investors to invest funds in Kyiv’s property market, as the conditions are perfect given the narrowing market.

“We’ve made very good steps against corruption and we’ve destroyed a lot of points of corruption,” he said, but he conceded that corruption still exists.

Klitschko said that as a part of the ongoing fight against corruption, the Kyiv authorities have introduced the open management process and made the operation of the budget commission and the formation of the Kyiv’s budget public.

“I want to say to each investor: if someone tries to use your business for corruption, I’m open for you 24 hours a day, and thus you can use me as a bodyguard for your business,” he said.