February 3, 2012 Ukraine Enhances Efforts to Diversify Its Energy Sector February 2, 2012 Experience Winter Wonderland in Kyiv


	2012 February January 2011 2010 2009 2008 2007 1996



	Featured Stories Ukraine Enhances Efforts to Diversify Its Energy Sector Experience Winter Wonderland in Kyiv Ukraine Bears a Potential to Produce 70 Billion Cubic Meters of Gas Annually



	Featured Photos Winter Wonderland in Kyiv Mamaieva Sloboda Ukrainian Christmas



	Featured Videos A Charitable Marathon in Lviv Lviv Arena Chrysanthemums in Kyiv



	Tags investment Ukraine steel industry economy Kuwait shipping Crimea vacation politics trade services real estate partnership UAE grain FDI agriculture diplomatic relations industry export EBRD lending IMF cooperation Qatar grain quotas Energy Community tourism WTO niter cargo grain export reforms taxation Jordan Libya grain harvest oil gas NAK Naftogas visa car industry transportation wheat other Saudi Arabia stock market barley weapon gas transport system education import Bahrain Euro-2012 sugar industry World Economic Forum aircraft building metallurgy oil industry Syria carbamide natural gas insurance investing climate vehicles air transport Koran conference winter crops turnover banking sector building sector precious metals jewelry rye land market grain market Communications Market infrastructure election livestock World Bank finance metal soybean coal industry sunseed sunoil mining industry alternative energy Oman cast iron Odessa money nuclear energy Swallow's Nest harvest Kamianets-Podilskiy Fitch credit ratings Kazantip Sofia Park nature Pyrohovo museum Koktebel festival coal Lviv sonflower oil grain sector renewable energy business climate steel energy museums places of interest gas production winter Kyiv

Interagency group on investment, innovation meets first time

February 18, 2010

On February 4, the Interagency Working Group for reviewing investment and innovation projects met for the first time. The meeting was attended by officials from various ministries and agencies that are involved in investment and innovation activities.

The working group was set up to put together a joint program to establish a consolidated database of investment and innovation projects. These are supposed to now be prepared according to general standards, to undergo a clearly-defined review and selection procedure at the State Agency for Investment and Innovation Agency (SAII), and to be submitted to potential investors for consideration.

“We have already started working systematically with investors from those 129 countries with whom we have agreements on diplomatic relations,” said SAII director Liudmyla Suprun. “We have been working on arranging to open lines of credit for our companies in specific areas. For instance, we have already submitted 30 projects for review to the Modernization Financing Fund of one of the EU countries and they have already selected 7. Of those, five are being readied for financing.

“This is all because projects are being put together according to standards that foreign investors understand,” added Ms. Suprun. “Our Agency is negotiating with funds that can finance the financial services sector and with those that work exclusively with the farm sector. We also have an in with funds that work only with SMEs.

“This kind of systematic approach,” she concluded, “makes it possible for all of us to obtain information about how, by whom and under what conditions investments can be made. These could be loans, state guarantees, venture capital, and so on. The members of the Interagency Working Group have already put together a working plan and agreed on a timetable for it.”

Brief: The Interagency Working Group for reviewing and selecting investment and innovation projects was set up by an SAII order dated January 21, 2010.

Tags: investment