Page 31 - UKRRptMar20

5.3​ FDI
FDI
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 FFF
Net FDI (US$bn) 9.2 9.9 4.7 5.8 7 7.2 4.1 0.3 2.9 3.4 4.3 4.3 4.3
Net FDI (% of 6.4 5.4 4.1 4.2 4.3 4.1 2.3 0.2 3.3 3.7 4.3 3.9 3.5 GDP)
C/A bal. + net FDI 2.8 -1.6 2.6 2 -2 -4.1 -6.9 -3.3 3.1 0.3 1.6 -0.3 -0.1 (% of GDP)
Source: ICU
The government aims to draw $5bn in foreign direct investment this year – double last year’s level,​ Timofei Milovanov, Minister of Economic Development, Trade and Agriculture, said in February at the presentation of a Zelenskiy road map – ‘Economic Strategy: Growth through Investment.’
Keys will be: investments in infrastructure, implementation of Ukraine’s nearly 50 industrial parks, and building the rule of law. Hot investment sectors will be: farming, IT, energy, chemicals, pharmaceuticals, the space industry and food processing.
Foreign direct investment in 2019 was $2.5bn, marginally above the 2018 level of $2.4bn
Azerbaijan plans to invest $1.5-$2bn in Ukraine in 2020, ​a figure equal to 1% of the entire country’s GDP, said Azerbaijani Ambassador Azer Khudiyev in Kyiv. “We have intentions to invest here. That is why I recently spoke with our Minister of Economy. He is going to do a Ukraine-Belarus-Moldova tour. There is such an instruction from our President that our region needs to be strengthened. economic positions,” he told Ukrinform. In December President Zelenskiy invited Azerbaijani companies to invest in infrastructure, tourism and road construction projects in Ukraine and promised to “protect every investor.”
31​ UKRAINE Country Report​ March 2020 ​ ​www.intellinews.com