As the mayor’s press service reported, the fund will be officially registered within one or two months. It will start working on the territory of Ukraine and soon – and then in former Soviet republics and several developing Asian counties.
According to the report, the fund will use money from the sale of Pravex Bank (Kyiv, $750 million) and also investments made by other investors in specific projects.
“At the first stage, the fund’s money will be invested in Internet projects, high-tech projects, development projects and also promising small business projects that could be introduced into the economies of developing countries. A business-incubator will operate as part of the fund,” the text read.