Euro 2012 Projects are the Main Part of Ukraine-China 4 Billion USD Investment Agreements

KYIV, Ukraine, September 3, 2010 - The main result of the state visit of the President of Ukraine,
Viktor Yanukovych, to the People's Republic of China is China's commitment to
invest more than 4 billion USD in the infrastructure projects in Ukraine. The
projects for EURO 2012 have been the focus of the investment agreements signed
during the state visit.

The major investment projects include 1 billion USD for the
high-speed railway road to Kyiv-Boryspil airport, the country's main air
gateway and 700 mln USD for the construction of a steam-gas plant in Crimea.
Additionally, China is going to provide Ukraine with an oil off-shore
drilling station worth 200 mln USD according to a leasing agreement.

The construction of the high-speed railway connecting the main
Ukrainian airport to the rail station comes in a framework of the previously
signed agreement between China National Machinery Industry Complete
Engineering Corporation (CMCEC) and the authorities of Kyiv-Boryspil airport.
Among other Chinese investors are China Road Bridge Corporation and China
Eximbank.

As the attention of many European countries towards Ukraine's
preparations for the Euro-2012 Football Championship is increasing, the
Ukrainian government is making additional efforts to attract foreign
investors. To improve the investment climate, the Ukrainian government has
approved new legislation and launched a campaign to curb corruption.
During the recent several months, a number of senior officials were
arrested on corruption charges.

In July of this year, law on public-private partnership was
adopted. According to the law, foreign businesses, which are involved in
public-private partnerships in Ukraine, enjoy the national regime for
investment and business activities and have additional guarantees protecting
their investment.

After the financial crisis of 2008-2009, Ukraine's economy has
started reviving. Ukraine's GDP has grown by 6.3% in the first half of 2010.
There is also increase in industrial production, cargo turnover and
construction. The European Bank for Reconstruction and Development confirmed
its forecast for Ukraine's GDP growth at 4% in 2010, and improved it for 2011
from 4% to 4.1%. Inflation forecast for 2010 is 11.4% and 11% for 2011.
Budget deficit will decrease to 6% of the GDP in 2010, which is an
improvement in comparison to 6.4% of the GDP in 2009.

For more information, please contact Maryna Gaidak, project manager at Worldwide News Ukraine, +38-044-492-7599, mg at cfc.com.ua