Ukraine's National Projects Will Attract 15 Billion USD Foreign Investments

By Worldwide News Ukraine, PRNE
Monday, November 1, 2010

KIEV, Ukraine, November 2, 2010 - The implementation of the ten national projects defined by the President
of Ukraine Viktor Yanukovych will attract nearly 15 billion USD and thus will
increase the national GDP by 4.7% during the next five years. This forecast
was announced today by Vladyslav Kaskiv, Head of a working group of the
Ukrainian committee on economic reforms at the meeting of the "National

The meeting was chaired personally by Viktor Yanukovych, who
stated in his address that the national projects are aimed at the solution of
existing social problems and at the economic revival of whole regions. The
Head of State particularly emphasized that one of the key purposes of these
projects is to increase the inflow of foreign investments into Ukraine.

In addition, the President stressed the importance of the
development of powerful national projects in such areas as agriculture,
airspace industry and humanitarian policy.

"In the nearest future national projects will become the
engine of Ukraine's economic development," said Viktor Yanukovych. "I would
like to emphasize that each of the national projects has been designed with
the view to the country's strategic perspective, and most importantly - they
will all require wide recourse to modern technologies."

The President made it clear that the state will support the
carrying out of the national projects through the necessary legal and
regulatory reforms, which will simplify the process of licensing and the
overall conduct of business in Ukraine. The lion's share in the financing of
the national projects, according to the President, is expected to be covered
by foreign investments.

"We set for ourselves the ambitious tasks of creating a
qualitatively new innovation-investment economic development. And by our
joint efforts we will bring them to fruition," added Viktor Yanukovych.

By November 8, 2010, the government of Ukraine has to approve
the list of the national projects in four priority sectors - "New Energy",
"New High-quality Infrastructure," "New Quality of Life," and "Olympic Hope

Addressing the meeting Vladyslav Kaskiv said that "the key
principles of the realization of the national projects, as opposed to the
past large-scale national endeavors, will be project management, personal
responsibility, priority of private investment funds over state funds and
partnership with world's leading companies."

For more information, please contact Natalya Shulevskaya, +380633776645, news at, Project Manager at Worldwide News Ukraine

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