Zhytomyr Region Increased Volume of Investments 7 Times, – Ihor Hundych

Zhytomyr region continues to be open to investors, and USD 18.6 million direct investments over the past year confirms this statement: it is 7.3 times more than in 2017. This was announced by the Chairman of the Zhytomyr Regional State Administration Mr. Ihor Hundych.

“The openness of Zhytomyr region to investors is measured in precise figures showing the actual situation. Thus, last year the region managed to attract 7.3 times more investments than in 2017, translating into funds – USD 18.6 million. This testifies to the fact that Zhytomyr region is comfortable for foreign business”, – Mr. Hundych noted.

In general, as of January 1, Zhytomyr region attracted USD 237.4 million FDI (equity capital) from about 50 countries. The largest share of investments came from the European Union – 88.1% of the total amount. The major investor countries are Cyprus, Austria, the Netherlands, Germany, Poland, the Virgin Islands (Britain), Switzerland, Italy and the United Kingdom.

According to the Department of Agricultural Development and Economic Policy of the regional state administration, almost 81% of foreign capital is concentrated in industry, 8.9% – in agriculture and forestry.

As we have informed, Zhytomyr region is marked green in terms of investments on the map of Ukraine. According to the rating of Regional Doing Business 2018, the region ranked 3rd among the most comfortable regions for running business.

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