Direct foreign investments in Ukraine will total $6 billion in 2013 – EBA

Category: Industry
Published on Tuesday, 16 July 2013 15:08
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Direct investments in Ukraine this year will total 3.4% of GDP, or $6 billion. This was stated by the President of the European Business Association Tomas Fiala, the correspondent of RBC-Ukraine reports.


"As for direct foreign investments, last year they amounted to $7 billion, or 4% of GDP. This and next year we expect 3.4% of GDP. Overall, this figure is not bad compared to the 20 countries in our region, we will be in the top four countries. But this is less compared to pre-crisis, when the figure reached 6% of GDP", - said Fiala.


He also added that the crisis has changed the structure of the foreign direct investments. "Before the crisis, 3-4 years ago, it was diversified, and now investments from Cyprus are prevailing, although there are investors from the U.S. and Western Europe. They arrange investments through Cyprus, because there is a law on the avoidance of double taxation and every company is looking for ways to minimize taxes.