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Ukraine's NIC head Lozhkin hopes to make it effective working body within 2-3 months

Ukraine's NIC head Lozhkin hopes to make it effective working body within 2-3 monthsSecretary of the National Investment Council under the president of Ukraine, former head of the Ukrainian presidential administration Borys Lozhkin hopes the council structure can be agreed in two or three months, and attraction of council board members in 2017.

"We are now preparing the structure of the investment council, an office that will work with the council, engage experts, analysts, representatives of the business community environment to make it an effective working body that will work on a daily basis," Lozhkin told Channel 5 on Monday.

Lozhkin said the National Investment Council will seek to raise $250-300 million for large-scale investment.

"I hope in two or three weeks we will already see the structure of the council, the first decisions, I hope, and the first projects that we will be able to support the next year," the former head of the presidential administration said.

According to him, the council will be able to attract investment projects totalling to $250 million in 2017.

Lozhkin said to achieve the level of 6% GDP growth and more, Ukraine would require the annual investment of $10 billion.

According to him, Ukraine's energy, infrastructure, agriculture, military-industrial complex and space development could be attractive for investors.

"A sign that the council is operating efficiently would be when we have projects for more than $1 billion or $2 billion. Such projects can be implemented in Ukraine," Lozhkin said.

Lozhkin said he had discussed the issue of participation in the Board of the American financier and investor George Soros.
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