Kyiv attracts UAH 1.5 bln in investment in 18 months – Klitschko

14:49, 09.07.2015 1 min read

In 2014 and the first half of 2015, Kyiv authorities attracted UAH 1.5 billion in investment, Kyiv City State Administration's press service reported on Thursday with reference to Kyiv Mayor Vitali Klitschko.

"If in 2013 the capital drew UAH 318 million in investment, investment in 2014 and the first half of 2015 hit UAH 1.5 billion," Klitschko said.

He stressed that in order to improve the investment climate in Kyiv, the terms for the approval of investment projects had been shortened by five times.

"Today, all regulatory issues take no more than 90 days, whereas it was 1.5 years before," he said.

He also said that potential investors are able to bid in public online tenders in Kyiv.

"This is a revolutionary step for Ukraine to real transparency, which leaves no room for corruption," Klitschko said.

As reported, with reference to Deputy Director General of the Kyiv Investment Agency (KIA) Vitaliy Boiko, KIA had implemented investment projects worth about UAH 1 billion by the end of April 2015.

As of April 22, 2015, KIA had been developing about 70 investment projects worth about $1 billion, he said.