US Congressman: Ukraine’s Economy - one of the World’s Most Promising

KYIV, Ukraine, November 9, 2011 -

Ukraine was named one of the world’s five most promising economies by the member of the U.S. House of Representatives Michael Grimm. The congressman made this statement on November 7, 2011, while speaking at the investment conference “Ukraine: The Best Investment Opportunities” in New York. The republican politician noted that the growth of the GDP of Ukraine is steady and faster than that of the US and the EU.

According to American politician, the upcoming Free Trade Agreement with the EU is an important contributing factor to the advantages investment in Ukraine may bring. Michael Grimm reminded that the expected growth of Ukraine’s GDP in 2011 is set at the solid 5.1 percent.

The republican Michael Grimm believes that the energy industry of Ukraine, its agriculture, as well as tourism and infrastructure may offer a sound base for any future partnership. According to the U.S. Congressman, Ukraine’s gas resources provide an opportunity to alleviate the world’s dependency on oil and give Ukraine a chance to become one of the top players in, say, a decade.

Michael Grimm listed Ukraine as a country with one of the most progressive economies along with China, India, and Singapore. He considers that the US needs to pay closer attention to Ukraine as there is plenty of potential for cooperation. The partnership between the two countries would only be a natural development, said Congressman Grimm. He mentioned that “there are benefits to deepening our economic ties. With Europe poised to enact a historic Free Trade Agreement with Ukraine, we don’t want to be left behind.”

The investment conference “Ukraine: The Best Investment Opportunities” takes place in the United States on November 7-10 2011. The organizers of the road-show are the State Agency for Investment and National Projects of Ukraine, the Embassy of Ukraine in the United States, the Embassy of Ukraine to the USA, the Consulate General of Ukraine offices in NYC and Chicago, the U.S.-Ukraine Business Council (USUBC), in cooperation with local American organizations and coordinators.

The State Agency for Investment and National Projects of Ukraine is holding similar events in 16 world financial centers. This is the second wave of the world tour aimed at attracting investment to the country.

For more information, contact Maria Ivanova +380443324784 news at wnu-ukraine.com, Project Manager at Worldwide News Ukraine.