Deputy Minister of Economic Affairs of Ukraine, Victor Panteleyenko, the President of Transnational Research Corporation, Mark Zipvat, and others had taken part in the meeting.

Participants of the meeting have discussed the prospects of investment cooperation.

In the course of the meeting, the Minister of Economic Affairs of Ukraine, Bohdan Danylyshyn has told, that, in order to create in Ukraine favorable investment climate, the Government is focused, first of all, on maximum simplification of procedure of granting of the land for long-term use to investors, which intend to construct new, modern and hi-tech enterprises in Ukraine.

“We have to adopt new programme of transparent and fair privatization on equal terms, establish transparent tender procedures, improve the conditions of investment into power-producing sector, as well as to simplify import certification procedure”, - B. Danylyshyn has stated.

The Minister has told as well, that, following the results of 9 months, 2007, permanent investment volume has grown by 28.5 % YoY. Generally, internal funds of enterprises and credit resources were the sources of such increase in investment volume.

Furthermore, according to the result of 2007, volume foreign direct investment to the economy of Ukraine has made US$7.9 billion, or, in other words, has increased by 67.1 % YoY.

During 2007, each of 65 enterprises has received the investments to the amount of US$20 million; ten of above-mentioned enterprises had been provided with US$100 million of investments. B. Danylyshyn thinks that such volumes of investment are indicative of investment attractiveness of Ukrainian enterprises.

“The capital of non-residents from Cyprus, the Netherlands, Sweden, the Russian Federation, Austria, the UK and other countries had increased most of all during 2007”, - the head of economic department has told during the constructive dialogue.

“As for the main trends of foreign investment into the economy of Ukraine, - B. Danylyshyn has stated, - the best part of them is channeled to banking sector (16.3 %), trade, auto service, household goods and items of personal use domain (10.4 %), and to the organizations, which conduct real estate transactions and provide leasing, engineering and consulting services to the entrepreneurs (8.6 %), because abovementioned sectors guarantee quick return of the capital and minimum risks”. 

“Globalization of world’s economy and European integration had put a point before Ukraine, regarding its geopolitical positioning. After all, the correct choice will enable successful economic development of Ukraine and its efficient integration into world economic territory”, - the Minister of Economic Affairs has told.

In the course of the meeting, B. Danylyshyn has noted as well, that, at present, Ukraine possesses a huge potential for foreign investment attraction.

“Level of intelligence and workmanship of our people is extremely high, natural conditions are diverse and favorable, scientific, technical and industrial potential is considerable as always”, - the Minister has emphasized.

The head of economic department has told then, that in Ukraine all investors, regardless of their patterns of ownership and types of economic operations, are provided with equal rights to conduct the investment activity, unless otherwise provided by the laws of Ukraine, as well as with protection of conditions, pursuant to which the investment activity is conducted, and protection of investments.

“National regime of investment and other economic activity is applied to foreign investors in the territory of Ukraine. In other words, they are able to conduct their business pari passu with domestic investors”, - B. Danylyshyn has told.

Furthermore, the Minister of Economic Affairs thinks, that holding in Ukraine of Euro-2012 will promote transformation of business environment in Ukraine through cancellation of administrative barriers and improvement of investment climate.

“The economic map of Ukraine may be transformed by modification of infrastructure, real GDP growth and improvement of its international image”, - Bohdan Danylyshyn has perorated.