Feedback

Zelensky urges Canadian business to invest in Ukraine

The president offered to establish a special investment fund for a joint investment of Canadians of the Ukrainian origin in the projects in Ukraine
20:48, 3 July 2019

President of Ukraine Zelensky at Economic Club of Canada
President's press service

President of Ukraine Volodymyr Zelensky urged the Canadian business to invest in Ukraine. Moreover, he offered to establish a special investment fund as Zelensky’s press service reported.

Zelensky has stated at Economic Club of Canada in Toronto that Ukraine is a prospective country with a big potential of growth. He offered to create a special investment fund for a joint investment of Canadians of the Ukrainian origin in the projects in Ukraine.

"Invest in Ukraine! Why? Because we are one of the most promising countries with great growth potential… As President of Ukraine, I can guarantee full support for the implementation of such a project and protection of investments. To do this, a separate team is being created,” Zelensky said.

Related: Ukraine’s parliament speaker urges Zelensky to sign or veto impeachment law

The president added that the main tasks of the new leadership of the Security Service of Ukraine, State Border Service, State Tax and Customs Service are to overcome the smuggling and corruption, stop pressure on “white” business. Moreover, according to him, the potential revenues to the state budget of Ukraine as a result of stop of smuggling, overcoming corruption and de-shadowing of the economy are preliminarily estimated at almost $ 10 billion in a year.

Zelensky also called IT, production of “green” energy and extraction of fossils to be the industries, which may interest the investors.

It is noted that the Canadian Company Brookfield already invests dozens of millions of dollars into the construction of IT center in Lviv.

Related: Zelensky states Canada ready to supply firearms to Ukraine

Zelensky underlined that the restoration of Donbas is a special topic so the projects on the investment in this region will be considered first.

Earlier Zelensky stated that Canadian company Vermilion Energy will deal with the development of three oil and gas sites in Ukraine.

As we reported, American, Canadian and Ukrainian companies would invest $430 million in oil and gas fields exploration. Nine fields were distributed between seven companies within the competition.

Topics:
Система Orphus

If you find an error, highlight the desired text and press Ctrl + Enter, to tell about it

Comments
see more