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Kyiv leading as to amount of foreign investments
17 January 2012
The volume of direct foreign investments to the Kyiv economy made up USD 2.9 billion in 2011, which is 1.6 fold up against the capital's total budget or the sixth part of the all-Ukrainian index. This is the best result of the year among all Ukrainian cities.

As the press service of the Kyiv City State Administration (KCSA) informs, according to preliminary estimates, the city will get about USD 4 billion in 2012. However, according to KCSA Head Oleksandr Popov, this is not a result, which should satisfy the capital, since the city investment potential is not revealed even by half.

"Kyiv quickly recovers following the crisis. Till now, this took place mainly thanks to development of the internal market, intensification of construction and investment activities. However, we have all the grounds to expect a rapid revival of the investment market after adoption of the Kyiv development strategy until 2025," Popov noted.

As KCSA Deputy Chairman Ruslan Kramarenko noted, economic growth, both in Ukraine and in the capital, which had started following the global financial-economic crisis, gradually acquires features of stable renewal, compensating for the potential lost in 2008-2009.

"This is only the beginning, but today we see that a level of trust to Kyiv on the part of foreign investors has considerably grown over recent two years," Kramarenko added.

Source: Ukrinform

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