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Kyiv plans to raise UAH 10 billion investments in 2016

Kyiv plans to raise UAH 10 billion investments in 2016Kyiv authorities plan in 2016 to raise about UAH 10 billion in investment, which is 5.9 times more compared to the previous year, Kyiv Mayor Vitali Klitschko has stated.

"Last year we got UAH 1.7 billion of investment. Maybe someone will say this is not so much, but these are very important funds. This year we expect about UAH 10 billion of investment," Klitschko said at a meeting with representatives of the member companies of the American Chamber of Commerce in Kyiv.

According to him, in 2015 the Kyiv authorities worked to optimize and simplify procedures to attract investors to the city. In particular, the period of approval procedures for proposed investment projects was reduced from 500 to 90 days.

Read also: NBU will present plan of currency market liberalization on March 16

In addition, Klitschko said the city authorities managed to establish cooperation with international financial and donor organizations in the context of attracting grant funds for the development of the city, as well as created the InvestInKyiv web portal, which allows potential investors to get free access to projects and commercial proposals of the city.

The Kyiv mayor said there are many areas for the development of investment projects in the city, particularly in transport and infrastructure, medicine, energy and waste treatment.
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