About the project “Business proposals”
SVS City Media is engaged in search for business partners for bodies of local self-government, companies and entrepreneurs that would help implement their business projects or innovative ideas. We search for companies which are interested in financial investment and investment of “know-how” technologies in Ukraine.
Nowadays the question of search for investors is becoming very urgent for Ukraine. This is constantly emphasized at various authoritative levels. In August of 2010 in Economic Reforms Committee meeting President of Ukraine Victor Yanukovych remarked that “…Cooperation with international organizations, foreign investors, donors, private partners will be our main and continual work”.
Ukraine can be one of the leading countries of Europe in attraction of direct and portfolio foreign investments. It is furthered by:
- huge home market, which is one of the biggest markets of Eastern Europe (nearly 46 million consumers);
- high dynamics of GDP increase (the biggest in Europe for the last 5 years);
- high scientific and educational potential of the country (powerful network of universities and research centres);
- presence of qualified and at the same time rather cheap labour force (according to the figures of research company “BrainBench” Ukraine is the 4th in the world in the number of certificated professionals in hi-tech sphere);
- strategically advantageous geographical position (Ukraine is situated on the crossroads of East-West and North-South trade routes);
- considerable quantity of natural resources;
- widely developed transport infrastructure (railway, ports in the Black sea and all-European transport corridors);
- presence of developed high-technology sectors of production;
- considerable amount of successfully realized investments projects of leading international companies (Kraft Foods, Coca-Cola, Hewlett Packard, Cargill, Knauf, Yadzaky- Ukraine, Raiffeisen Bank and others);
As of January 1, 2010 the volume of direct foreign investments in Ukraine (with increasing result from the beginning of investing) came to 40.03 billion USD (see table 1). But nevertheless Ukraine is not far the most successful country and is considerably in disadvantage compared with its neighbours in particular with the countries of Central and Eastern Europe.
Country |
The volume of direct investments
Million USD |
Geographical structure,
% |
Total |
40026,8 |
100,0 |
including |
|
|
Germany |
6613,0 |
16,5 |
The Netherlands |
4002,0 |
10,0 |
The Russian Federation |
2674,6 |
6,7 |
Austria |
2604,1 |
6,5 |
Great Britain |
2375,9 |
5,9 |
France |
1640,1 |
4,1 |
Italy |
1123,1 |
2,8 |
Cyprus (companies offshore from Russia, Ukraine and other countries) |
8593,2 |
21,5 |
Table 1.
Direct foreign investments in Ukraine as of January 1, 2010
Besides these countries China is getting the status of potential investor for Ukraine (in 2010 there was achieved an agreement on investment projects of China in Ukraine with the total amount of nearly 4 billion USD).
It is clear that investment potential of Ukraine has not been far depleted yet. And today there are all opportunities for the intensification of search for potential investors. There is a support on the highest level of the power and there was created a favourable legal field for realization of investment activities. In particular this field is governed by the laws of Ukraine: “About investment activities”, “About the treatment of foreign investment”, “About the protection of foreign investments in Ukraine”, etc. which foresee:
- state guarantees of the protection of investments, regardless of forms of ownership;
- exercise of the national treatment of exchange control and tax collection on the territory of Ukraine to subjects of entrepreneurial activities or other corporate bodies created with the participation of foreign investments regardless of forms and time of their contribution;
- loss payee including missed profit and moral injury caused as a result of activities, inactivity or the improper performance by the official bodies of Ukraine or officials foreseen by legislation duties concerning a foreign investor;
- reimbursement of investments to the foreign investor in kind or in the currency of investment without paying duty and also incomes from these investments in money terms or commodity form in case of discontinuance of investment activity.
The activities of SVS City Media is just directed to increase of direct investments in the economy of Ukraine by means of attraction of particular investors in the realization of investment projects in all areas of the country.
|