Ukraine plans to launch Investment Promotion Agency - first deputy PM

MOSCOW. March 4 (Interfax) - Ukraine plans to institute an Investment Promotion Agency as a single entry point for investors in the country's private sector, Ukrainian media have reported with reference to First Deputy Prime Minister Yulia Sviridenko's social media post.

"To enable all investors wishing to invest in the private sector in Ukraine to have a single entry point, we're working on launching an Investment Promotion Agency as a single institution," Sviridenko said after visiting London to discuss the establishment of such a center, including with London Stock Exchange (LSE).

Sviridenko said she received assurances from LSE specialists that they would be willing to share their expertise and help build this institution.

She said she also met with British International Investment, which declared its willingness to provide 250 million pounds to finance the private sector in Ukraine at the Ukraine Recovery Conference 2023 in London last summer.

"These funds will become available starting from April through a co-investment platform. What can we do already now together with the private sector to receive this funding? To prepare projects of high quality. To this end, we're also engaging partners to carry out a feasibility study together," she said.

She said attracting investment and financing to Ukraine was also the key subject of her negotiations with the European Bank for Reconstruction and Development (EBRD), LSE, TheCityUK, and UK Export Finance (UKEF).

"We're working with UKEF to attract investment. Have also opened a 3.5-billion-pound limit for Ukraine. Several companies have already obtained insurance, one of them yesterday [on March 1], during our visit to London. Planning to expand cooperation," Sviridenko said.