Economy Ministry FDI in Ukraine to be at least $4.5 bln in 2017

16:32, 01.07.2016 1 min read

The Ministry of Economic Development and Trade expects foreign direct investment (FDI) in Ukraine to be at least $4.5 billion and the invigoration of domestic investment in 2017.

The relevant key forecasts of the ministry for the economic and social development of Ukraine in 2017 were represented by First Deputy Minister Yulia Kovaliv at a cabinet meeting.

"We expect the growth of foreign direct investment: in 2017 we expect at least $4.5 billion," she said.

Kovaliv said in the first five months of this year FDI in Ukraine amounted to $1.8 billion against $400 million for the same period last year.

"This shows that the economy is reviving, indicates that foreign investors are beginning to believe in the Ukrainian economy and returning to it," she said.

In addition, the ministry expects the intensification of internal investment processes in connection with an expected further decline in the refinancing rate by the National Bank of Ukraine.