Source: Government Portal

2019-02-21_16_20190222_2075531197 (1)
Photo: UkraineInvest

On February 21, 2019, Kyiv hosted a training session on investment topic, which welcomed the participation of the First Deputy Prime Minister – Minister of Economic Development and Trade of Ukraine Stepan Kubiv, Deputy Prime Minister of Ukraine, Minister of Regional Development, Building and Housing and Communal Services of Ukraine Hennadii Zubko, State Institution “Investment Promotion Office”, representatives of central and regional public bodies, experts, foreign partners, and businesses.

As Minister of Economic Development and Trade of Ukraine Stepan Kubiv said in his welcome speech, regions were a powerful engine of economic development of the country. That is why their stable development and foreign investment attraction was a priority for Ukraine.

“The Government, the President, and the Parliament are implementing unprecedented multi-faceted reforms aimed at stable economic growth, regional development, and investment attraction. Reforms create powerful investment incentives, but the next step must be improving capacity, skills and readiness of Ukrainian regions to use the resources received and powers to compete for an investor”, – Stepan Kubiv said.

Such issues as regional development, removal of peripheries, levelling opportunities out are a top priority today for the following 5 years of development of Ukraine, – Hennadii Zubko, the Vice-Prime Minister, the Minister of Regional Development, Construction and Housing and Communal Services of Ukraine, said.

“It is important for us to achieve the aim set by the President of Ukraine – to get rid off such notion as periphery and to level out the development and opportunities of territories. That is why the created amalgamated territorial communities, to which we gave money, opportunities, and responsibility shall step by step level their development out. This also concerns implementation of New Educational Space, primary rural medicine, Administration Services Provision Centers, security centers, and enhancement of social protection of population. All this is what motivates people to live in communities, create families, and have children. And to show investors, in their turn, that there are educated people here who are able to be effectively involved in their business and earn profit”, – Hennadii Zubko said.

The audience became interested in discussion of the latest cases on attraction of investments to regions and on cooperation between foreign investors and local authorities. Business representatives reported on their experience.

“The main criteria of investment attraction success are not only the ability to emphasize the uniqueness of a region. The local authorities shall also provide high quality service for business and create comfortable conditions for investors. All these criteria certainly influence on potential investors’ decision on further investments”, – UkraineInvest’s Chairman of Supervisory Board Danylo Bilak said.

The training session became a platform for deepening of collaboration and sharing best practices in foreign investment attraction and cooperation with investors. The format of the event enabled the participants to hear about the investors’ needs and interests in further effective cooperation.

Following the outcomes of the seminar, the participants developed instruments and mechanisms for increasing of the scope of investments into economy of the regions, learned about investors’ real needs, and received effective instruments on high quality support for potential investors.

For the record:

The training session “Investment Attraction to Economic Development of Regions” gathered together more than 100 representatives of central and regional public bodies, experts, foreign partners, and business representatives. As a result, joint plans on investment attraction for 2019 were developed.

The event was organized by “Investment Promotion Office UkraineInvest” in partnership with Ministry Economic Development and Trade of Ukraine, Ministry of Regional Development, Building and Housing and Communal Services of Ukraine, “ULEAD with Europe” Program, “Partnership for Local Economic Development and Democratic Governance” project (PLEDDG), and “International Mayors Summit” platform.