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Cabinet of Ministers of Ukraine expects to attract $ 50 billion investment

2019-09-30T17:19:19.375Z

The Ukrainian government expects to attract $ 50 billion of investment in the country's economy until 2024. This is stated in the draft resolution on the program of activities of the Cabinet, published on the website of the Verkhovna Rada.



As indicated on the portal, it is expected that as a result of the implementation of program activities, the country's economy (GDP) will grow by 40%, 1 million jobs will be created, $ 50 billion of foreign direct investment will be attracted.

Political scientist, expert at the Institute of CIS Countries, Artem Zhurko, commenting on the FAN plans for Ukraine to attract investments, said that to understand the "investment attractiveness of Ukraine", you need to know that "such results have never been in the history of all its independence."

He noted that Ukraine “was clearly not attractive to a potential foreign investor” due to political uncertainty, rampant crime, loyalty to criminals of Ukrainian justice, and constant hostilities.

Zhurko emphasized that the land remains the only asset of interest to a foreign investor, since everything else is either destroyed or is already in private hands.

“But it’s not necessary to seriously discuss some innovative projects that foreign investors suddenly want to implement in Ukraine from scratch,” the political scientist concluded.

Earlier, Prime Minister of Ukraine Alexey Goncharuk said that he intends to achieve a 40% increase in the country's gross domestic product (GDP) over the next five years.

In September, the Ukrainian government approved a draft budget for 2020 with a forecast of GDP growth of 3.3%.

In August, President of Ukraine Vladimir Zelensky promised annual growth of the Ukrainian economy by 5-7%.

Source: russiart

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