The European Union in support of the private sector and the modernization of Ukraine's economy to improve the country's investment attractiveness plans in 2015 to launch a project worth around euro 100 million.
Head of the EU Delegation to Ukraine Jan Tombinski voiced such plans
at a round table during the State Agency for Investment and National
Projects Management’s providing extracts from the register of industrial
parks to five Ukrainian cities in Kyiv.
“The European Union can help in this [the modernization of the
Ukrainian economy] through offering support in terms of the development
of the private sector. In 2015, a project worth around euro100 million
will be launched, which will help change a lot. This means this is not
just investment, this is aid in terms of energy saving technologies and
technical assistance in general,” said Tombinski.
However, he stressed that the modernization of the Ukrainian economy
and attracting foreign investment would be possible under the condition
of the stable functioning and transparency of the legal framework, as
well as investors’ confidence that the legislation of Ukraine will not
change every year.
In addition, important factors are favorable for investors changes in
fiscal, administrative policy and no corruption, added Tombinski.
“Business knows how to deal with corruption schemes, but this is
always short-term investment. In a long period of time this [the corrupt
component] will “kill” the economy, because people will try not to make
long-term plans, as they will be involved in corruption schemes,” he
explained.
Tombinski also noted the importance of creating projects of micro
corporations involving university graduates for interaction between
science and the real sector of the Ukrainian economy as part of its
modernization. According to him, such projects will be short-lived,
however they fulfill their basic function and will create “added value”
in the further modernization of the economy and attracting both domestic
and foreign investment in the implementation of investment projects in
Ukraine.
