Share Tweet Pocket Add to Bookmarks
You're reading: Kyiv ex-mayor Chernovetsky creates International Investment Fund
Popular
on social media

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.

Exclusive article

Sign up or subscribe to view more articles.
Try Kyiv Post for just 99¢ for the first month!
See All Plans
$5.95
Monthly plan
Get unlimited article access, anytime, anywhere.

Subscribe
$60
Yearly plan
Access all the exclusive content on KyivPost.com and the complete online archive.
Subscribe
Advertisement

Add comment

Sorry, you must be logged in to post a comment.
More in this section
Attention

Add a picture
Choose file
Add a quote
Attention

Are you sure you want to delete your comment?

Attention

Are you sure you want to delete all user's comments?

Attention

Are you sure you want to unapprove user's comment?

Attention

Are you sure you want to move to spam user's comment?

Attention

Are you sure you want to move to trash user's comment?

Spelling error report

The following text will be sent to our editors: