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Number of companies in DB - 21808
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Last form filled:
vul. Berezuka 15, s. Ushomyr, Korostenskyi r-n, Zhytomyrska obl.
(04142)49476 58313
Rating of exporters
Commodity group code: 8516 (electric heating/drying..water, space, soil, hair, hand & domestic appliances el ...)
Rating of importers
Commodity group code: 9401 (seats (not barber, dental, etc of 9402), and parts aircraft seats, car seats, sw ...)
11 april 2007

Autonomous Republic of Crimea

Autonomous Republic (AR) of Crimea is one of the most investments attractive regions of Ukraine thanks to resort and industrial potential, availability of natural deposits, high scientific and technical potential, well-developed transportation infrastructure and banking system, as well as access to markets of Ukraine, the CIS, Europe, and Asia.

Today Crimea is among top ten regions of Ukraine, which are actively drawing foreign investments. The volumes of direct foreign investments into Crimea in 2006 amounted to USD 120.5 mn.

As of January 1, 2007, the AR Crimea received foreign investments worth total USD 635.8 mn, including direct investments USD 577.4 mn, and credits USD 58.4 mn.

Throughout 2006, the most active partners of Crimea entrepreneurs were investors from Russia, who brought USD 37.5 mn of direct foreign investments over the year (increase by 26.2%), Cyprus USD 21.3 mn (1.6 times up), Hungary USD 17.4 mn (8.1 times up), the British Virgin Islands USD 14.5 mn (+37.8%), and the United Kingdom USD 12.2 mn (1.7 times).

In 2006, the highest rise of investments was seen at enterprises involved in:

  • construction USD 43.2 mn received (volume up 3.4 times);
  • hotel and restaurant business USD 26.2 mn (+48.0%);
  • transportation and communication USD 17.5 mn (+42.1%);
  • industry USD 17.1 mn (+11.4%); and
  • real estate business USD 5.2 mn (+12.9%).

The competitive advantages, which encourage successful partnership with Crimea, are:

  • auspicious geopolitical location, access to markets of Ukraine, the CIS, Europe, Asia;
  • unique recreational potential, which ensures development of nearly all types of tourism and recreation industry: sea, mountain, and mud treatments;
  • miscellaneous natural resources, which cut costs in the light of high area exploration when fulfilling investments projects;
  • agricultural and climatic potential, fruitful agricultural areas, at which all range of moderate climate crops as well as some subtropical crops can grow;
  • high density of population, availability of highly qualified labor force; and
  • dynamic formation of legislative base for economic and investment potential of AR Crimea.

Vinnitsa region

In January-September 2006, housing construction by developers of all ownership forms used UAH 428.0 mn of investments. Investments in accommodation construction went up by 36.7% versus the respective period of last year.

UAH 2.5 mn were given from the state budget in 2006 to finish building of gas pipe lines with high level of construction preparedness. UAH 150 ths. more were given for construction of educational institutions.

In the last year, Vinnitsa region has evidence positive trends of growing investments into fixed capital.

In January-September 2006, enterprises and organizations of all ownership forms put UAH 1,361.1 mn of investments into fixed capital (in capital construction and acquisition of machinery and equipment) backed by all sources of financing. Investments into fixed capital expanded by 45.7% versus the respective period of last year.

In comparison to January-September 2005, increase of investments into fixed assets was seen in 23 district of the region and the towns of Vinnitsa, Zhmerinka, Kozyatin, and Ladyzhin.

The most actively investments were used in Gaysinskiy, Chechelnitskiy, Tomashpolskiy, Murovanokurilovetskiy, Lipovetskiy, and Vinnitskiy districts, as well as in towns of Zhmerinka and Kozyatin, where growth rates outran previous figures 2.0-3.6 times.

Since the beginning of investing and by January 1, 2007, the regional economy received USD 92.9 mn of direct foreign investments, which was by 17.4% higher than as of the beginning of 2006.

In 2006, the volume of direct foreign investments driven into the regional economy amounted to nearly USD 14 mn.

The main economic sectors recipients of foreign investments are still the same: foodstuff and processing industry (34.1%), chemical production (23%), wholesale trade (19.5%), and agriculture (14%).

The largest volumes of foreign investments were forwarded to economy of such areas: town of Vinnitsa USD 31.5 mn (36% of total volume), Vinnitsa district USD 19.5 mn (22.3%), town of Ladyzhin USD 11.6 mn (13.2%), and Barskiy district USD 5.6 mn (6.4%).

Dnepropetrovsk region

In 2006, foreign investments in regional economy amounted to USD 2.342 bn including direct investments (USD 2.332 bn making up 99.6% of the total) and portfolio investments (almost USD 10 mn, i.e. 0.4% of the total).

Major types of capital attraction included investments in the form of securities (worth USD 417 mn) and money deposits (worth USD 143 mn and including shares for the total of USD 18.5 mn). Investments in the form of movable property and real estate reached USD 27.3 mn.

In 2006, re-investment of the revenues totaled USD 17 mn. The volume of foreign investments withdrawn by non-residents equaled USD 77 mn. The volume of credits and loans obtained from direct investors in 2006 exceeded USD 200 mn. The region attracted almost USD 219 mn from the non-CIS countries while investments from the CIS reached almost USD 2 mn.

The greatest volume of investments came from Cyprus (for the total of USD 1 bn), Germany (USD 723 mn), and Great Britain (USD 130 mn). Austria, Hungary, and Russian Federation were also notable for significant investments in the regional economy. The largest investments were made in industrial enterprises of Dnepropetrovsk region. The volume of direct investments obtained by such entities reached USD 1.1 bn while almost USD 660 mn were attracted by enterprises engaged in wholesale and retail trade.

The leadership in the volume of attracted direct investments is held by the city of Dnepropetrovsk (USD 1.18 bn, which is 50.6% of the total), the city of Kryvoy Rog (USD 939 mn making up 40.3% of the total), and Dnepropetrovsk district (USD 87 mn, which is 3.7%).

In 2006, 11 enterprises located in Dnepropetrovsk region invested more than USD 22 mn in economies of other countries worldwide.

Donetsk region

As regards the interest of foreign investors, the most attractive enterprises of the region represent such industries as communications, oil-refining, production of construction materials, light industry, food industry, power engineering, machine-building, metallurgy, etc.

Strategic foreign partners that contribute a lot to the regional economy include such companies as Cargill Incorporated (USA), Lafarge Refractories GmbH, Slav Handel (Austria), Leman Commodities S.A. (Switzerland), Volvo (Sweden), Emilceramica (Italy), Retal Limited (Great Britain), and Knauf (Germany).

Zhitomir region

In 2006, the economy of Zhitomir region received USD 32.9 mn as direct foreign investments.

The main forms of capital inflow were cash investments USD 28.6 mn (86.9% of invested volume), the rest investments as tangible and real estate and other types of investments.

The largest volumes were invested by non-residents from Cyprus, Switzerland, the United Kingdom, Italy, Germany, the USA, and British Virgin Islands, which account for aggregate 72.4% of gross volume of direct foreign investments.

The investment attracting industries were food processing 19.4% in total direct foreign investments, woodworking industry 12.9%, mining industry 11.8%, chemical and petrochemical industries 10.3%, as well as metal working industry 9.2%.

Zakarpatye region

Analysis of the regions economic development in the last few years proves sufficient influence of investments upon its growing development rates.

As of January 1, 2007, according to data of the statistics department, the region has 773 enterprises running with direct foreign investments. In general, over the period of foreign investing the region received USD 298.2 mn of direct foreign investments. Per capita figure makes USD 239.7 and by this indicator the region ranks ninth among all regions of Ukraine.

Partners from 47 countries of the world put investments into economy of the region. As of January 1, 2007, the largest volumes of direct foreign investments arrived from the following states: the USA USD 44.0 mn (14.8% of total volume), Germany USD 36.mn (12.3%), Japan USD 33.7 mn (11.3%), as well as Hungary USD 32.6 mn (10.9%), and Austria USD 25.7 mn (8.6%).

This top five of investor countries account for aggregate 58% of all direct foreign investments into the regions economy.

Distribution of investments by economic activities follows: industry consumed USD 241.2 mn (80.9% of total volume), in particular: processing sector USD 236.2 mn (79.3%), including: food- and agricultural processing industry USD 38.6 mn (12.9%); production of timber and its articles USD 52.1 mn (17.5%); engineering of machinery and equipment USD 70.6 mn (23.7%); textile industry USD 25.5 mn (8.5%); chemical production USD 9.1 mn (3.1%); other production not related to other groupings USD 35.5 mn (11.9%); generation and distribution of electric energy, gas, and water USD 4.0 mn (1.4%); mining and extracting industry USD 0.9 mn (0.3%); wholesale and retail trade USD 18.7 mn (6.2%); transportation segment USD 14.7 mn (4.9%); hotels and restaurants USD 8.7 mn (2.9%); agriculture, hunting, forestry USD 6.5 mn (2.2%); construction USD 3.1 mn (1.0%); and other production USD 5.3 mn. (1.9%).

The largest volumes of investments proceeded to the following towns and districts of the region: town of Uzhgorod USD 65.8 mn (22.1% in gross volumes of investments received by the region); town of Mukachevo USD 49.8 mn (16.7%); Uzhgorodskiy district USD 51.9 mn (17.4%); town of Beregovo USD 19.0 mn (6.4%); Mezhgorskiy district USD 13.9 mn (4.6%); Velikobereznianskiy district USD 12.0 mn (4.0%); and town of Chop USD 10.9 mn (3.7%).

The districts, which showed rather poor work in drawing of foreign investments, were: Khustskiy district USD 1.8 mn (0.6%); Volovetskiy USD 1.7 mn (0.6%); and Beregovskiy USD 4.5 mn (1.5%).

Accretion of foreign capital in 2006 was USD 36.9 mn, which meant a 2.2 times rise against the respective period of the last year.

Weaker activity of foreign investors seen in 2006 was mostly the result of amended legislation, which regulates investment activities in the state. Taking into account that active investing in the region was backed by available special investment regimes in the region (special economic zone Zakarpatye and a priority development territory), which supported dynamic upturn of economic development figures in the last few years, some enterprises located in these special areas ceased implementing of investment projects due to legislative adjustments that restricted investing under preferential terms.

Nonresident capital was seen lessening by USD 8.7 mn, also because of withdrawn assets (repatriation of investments) worth total USD 8.7 mn. It is the result of investment withdrawal by CJSC Beregovskiy Radio Plant (town of Beregovo).

Strong representation of transnational companies is a special feature of special investment regime areas. Thanks to these two laws, Zakarpatye region became a focus of attention for such well-known transnational companies like Volkswagen, Skoda, Audi, Ikea, Fischer, Philips, Hewlett Packard, Flextronics, TDK, Leoni, Delphi, Yazaki, Jabil, Le-Go, Henkel, Groklin, and others, which are already running their investment projects in the region.

Zaporozhye region

3% of direct foreign investments brought to Ukraine are operating in the economy of the region. By this indicator, the region ranks the seventh among Ukrainian regions.

By preliminary data, in 2006 the regions economy received USD 66.1 mn of direct foreign investments.

As of January 1, 2007, total volume of foreign investments applied to the regions economy was USD 624.36 mn, including direct foreign investments USD 609.86 mn (111.2% versus early 2006).

The biggest industries investment magnets were machine building (27% in gross volume of direct foreign investments), metallurgy and metal working (25%), food processing industry (13%), wholesale and retail trade (13 %), and mining industry (4.5%).

In 2006, the region preserved the tendency of growing investments into fixed capital. In January-September 2006, all financing sources provided UAH 2,618.6 mn of capital investments, of which UAH 2,304.5 mn (or 88.0%) were investments into fixed capital. As compared to the respective period of 2005, investments into fixed capital grew by 13.2%. According to preliminary estimates, gross volume of capital investments in 2006 were UAH 3.78 bn, or 114.6% against 2005.

Ivano-Frankovsk region

As of January 1, 2007, the volume of direct foreign investments attracted to the regional economy totalled USD 183.3 mn, or USD 132.3 per capita.

Foreign investments in 2006 amounted to USD 46.6mn, which was 34% more than at the beginning of the year.

Forty countries of the world invested into the region. The largest capital was invested by businessmen from Serbia (15% of the total investment volume), Denmark (10.5%), Germany (10%), the Netherlands (7.6%), Canada (7.4%), and Poland (6.9%).

Considerable investments were made into industrial enterprises (81.4% of total investment volume), including the manufacturing industry (74.7%) and extraction industries (6.6%). The capital invested into agriculture amounted to 9.7% and trade 3.8%.

Lugansk region

More active investment policy and expansion of foreign trade are currently the regions essential guidelines in economic development. No development of real economic sector is possible without investments. Some UAH 3 bn of capital investments have been applied to production since early 2006. As regards economic activity types, around 80% of investments into fixed capital were forwarded into development of industrial production. Of these, two thirds were commissioned in processing industry mostly by enterprises in metallurgy and metal working.

USD 30 mn of foreign investments was driven into the regions economy throughout 2006, which makes 22.2% of all volumes received in 2005. The reason is shifting emphasis from direct foreign investing towards crediting of projects (including with foreign loans). The volume of portfolio investments totals USD 18.1 mn. Gross volume of foreign investments, including loaned capital, as of January 1, 2007 made USD 284.2 mn (105.3% versus the respective period of 2005).

Lvov region

Throughout 2006, enterprises and organizations based in Lvov region received USD 91.4 mn of direct foreign investments, which was 1.9 times up if compared to 2005.

Industrial field remains of top priority for foreign investor. Out of direct foreign investments, which came to the region in the course of 2006, USD 35.9 mn (39.3%) were forwarded into industry, in particular: machine building USD 21.6 mn (23.7%), light industry USD 3.7 mn (4%), metallurgy and metal working USD 3.3 mn (3.6%), production of other non-metallic articles USD 2 mn (2.2%), foodstuff and agricultural processing, as well as wood and timber production USD 1.9 mn to each (2.1% each).

Financing activities drew USD 25 mn (27.4%), real estate operations, leasing, and services to legal entities USD 10.6 mn (11.6%), and wholesale trade and mediation in trade USD 6.9 mn (7.6%).

As of early 2007, the most invested segments were: machine building USD 109.7 mn (21.6%), financing activities USD 69.8 mn (13.7%), real estate operations, leasing, and services to legal entities USD 65.9 mn (12.9%), foodstuff and agricultural processing USD 47.9 mn (9.4%), wood and timber production USD 30.3 mn (6%), light industry USD 29.5 mn (5.8%), wholesale trade and mediation in trade USD 21 mn (4.1%), metallurgy and metal working USD 13.6 mn (2.7%), production of other non-metallic articles USD 12.5 mn (2.5%), and pulp-and-paper industry USD 12.4 mn (2.4%).

Investments were brought to 1,168 enterprises situated in the region. The leaders of investing into Lvov region are partners from Poland, Germany, Hungary, Denmark, and Liechtenstein. These countries contribute aggregate 56% to gross regional volume of direct foreign investments.

Over 2005, the regions economy received investments from partners based in 39 countries worldwide, five of them accounting for 68.4% of annual injections, such as: Poland 20.8%, Hungary 18.9%, the United Kingdom 11%, Denmark 8.9%, and Liechtenstein 8.7%.

As of January 1, 2007, the volume of direct foreign investments into Lvov region was USD 509.1 mn. Foreign capital present in the region grew by 19.2% in the course of 2006.

Foreign investments in the region are concentrated mostly in Lvov USD 307.1 mn (60.3% of total foreign investments in the region). Enterprises of Stryiskiy district received USD 42.3 mn (8.3%), Yavorivskiy district USD 38.6 mn (7.6%), Kamensko-Bugskiy district USD 20.2 mn (4%), and town of Truskavets USD 19.9 mn (3.9%).

At the same time, in 2006 non-residents withdrew USD 9.8 mn of direct foreign investments out of Lvov region economy: in property USD 8 mn, cash USD 1.6 mn, and securities USD 0.2 mn. Besides, because of liquidation of enterprises founded with foreign partners, non-resident capital in the region lost USD 5.5 mn over the year.

The volume of portfolio investments by non-residents was USD 4.9 mn as of January 1, 2007, which showed a 3% rise versus January 1, 2006.

Debts on loans received from direct investors were USD 83 mn on January 1, 2007. Loans granted throughout 2006 made USD 47 mn, but USD 41.5 mn were paid back.

Lvov residents capital in the global economy was USD 0.8 mn as of January 1, 2007.

Nikolayev region

In 2006, the region received foreign investments for the total amount of USD 2.2 mn (versus USD 7.2 mn in 2005), mostly in cash investments.

Enterprises operating in the fields of IT, construction, and industry were the most attractive for foreign investors.

As of January 1, 2007, gross volume of investments into the regional economy amounted to USD 99.8 mn, which made per capita figure equal to USD 81.6.

Direct foreign investments were brought by partners from 37 countries of the world. The largest volumes fall for Canada USD 27.1 mn (27%), Cyprus USD 24.1 mn (24%), as well as the British Virgin Islands USD 8.5 mn (8.5%).

Overwhelming majority of investments are concentrated in the regional center (around 88%), the rest in the towns of Voznesensk, Ochakov, Pervomaysk, as well as Berezanskiy, Voznesenskiy, Zhovtnevyi, Krivoozerskiy, Nikolayevskiy, Pervomayskiy, and Snegurovskiy districts (from 0.1% to 8% of gross investments).

Small businesses continued growth of investment activities in 2006.

In the conditions of permanent rise of energy resources prices, industrial enterprises renew production funds and launch energy saving technologies in production, which encourages higher investment volumes. The support is the adopted in the beginning of the year Law of Ukraine On amending of the Law of Ukraine On special regimes of investment activities at technological parks and other laws of Ukraine, which encourage import of investment products through financial support and providing of focus subsidies for implementing of technological park projects as no-interest loans, exemption from import duty while bringing new equipment, components, and materials to the country, etc.

Odessa region

As of October 1, 2006, the volume of direct foreign investments into the region (including loan capital) amounted to UAH 741.5 mn, which included USD 681.3 mn of non-resident capital invested into authorized capital of enterprises based in Odessa region. Throughout 2006, its volume boosted by 21.9% versus the respective data of 2005.

The regions economy in the course of 2006 received USD 87.3 mn of direct investments. In January-September 2006, foreign investors brought USD 105.1 mn into economy of the region. The main type of investments are monetary deposits USD 77.7 mn (73.9% of gross volume of investments received) and investments as tangible and intangible assets USD 10.8 mn (10.3% correspondingly). At the same time, capital of non-residents narrowed by USD 21.9 mn.

The enterprises, which had priorities for investments, were involved in community and personal services (in the period under review, direct foreign investments grew by 39.31%), auxiliary transportation services (37.9% correspondingly), construction (25.5%), financial activity (24.5%), real estate operations and services to legal entities (12.6%), as well as wholesale trade (9.4%). The highest increase of foreign capital in January-September was related to the following countries: the Netherlands 2.6 times up, Russia 3.3 times, Finland by 74.2% up, the United Kingdom by 58.4% up, as well as Germany by 49.3%.

By the volumes of foreign capital brought to the region, the leader is the Netherlands (23.1% within aggregate volume of direct investments), followed by investments from Cyprus (14.5%), the USA (13.9%), the United Kingdom (12.1%), British Virgin Islands (5.1%), and Switzerland (4.5%). These countries account for 73.2% of gross direct investments.

The largest interest among investors is revealed towards enterprises dealing with auxiliary transportation services 47.5% in total volume of portfolio investments; metallurgy and metal working 13.5%; foodstuff and agricultural processing industry 11.4%; machine building 7.9%; as well as real estate operations 4.6%.

Per capita volume of direct foreign investments was USD 284.1 as of October 1, 2006.

Meanwhile, Odessa-based companies invested USD 39.7 mn into the world economy. The highest investments were forwarded to the economy of Vietnam (38.6% in gross direct investments from the region), Spain (34.8%), and Hong Cong (13.6%). Water transportation enterprises account for 89.2% in gross investments from the region.

Poltava region

As of January 1, 2007, investors from 44 countries of the world put their capital to 239 companies of the region for the total amount of USD 310.2 mn. Accretion of foreign capital constituted USD 31.2 mn (11.2% of accumulated volume as of the beginning of the year).

Seven companies of the region invested USD 1.9 mn of direct investments to four countries of the world. Accretion over 2006 made USD 0.1% mn (6.6% of volume as of the beginning of the year).

Rivne region

As expected, investing into fixed capital and direct foreign investments into the regions economy are growing at outpacing rates.

In the 9 months of 2006, the volume of investments into fixed capital through all sources of financing increased 1.7 times as compared to the respective period of previous year.

Investments into residential construction added 32.9% (via all financing sources) and totaled UAH 209.9 mn.

Sumy region

In January September 2006, business entities of all forms received capital investments of UAH 797.3 mn, which was 18.9% less than in the same period of 2005. This includes housing construction - UAH 95.7 mn, or by 3.6% less than in the same period of 2005 (Ukraine: +16.1%).

As of January 1, 2007, the volume of direct foreign investment in Sumy region totalled USD 157.2 mn. During 2006 the regional economy received USD 16 mn in direct foreign investments.

Agreement On collaboration between Sumy and Belgorod regions was signed on September 8, 2006, at the second International Forum Investments. Partnership. Development.

Ternopol region

The volume of direct foreign investment into the economy of the region as of January 1, 2007, was USD 44.96 mn and the volume of net revenue from foreign capital was USD 5.6 mn during 2006.

The regional economy received the most foreign investment from the Czech Republic (16.8% out of the total investment volume), Estonia (14.2%), the UK (13.7%), Germany (10.0%), Australia (10.0%), and Poland (6.7%).

Overall, as of January 1, 2007, they have the strongest presence in food and farm produce manufacturing (25.7%), transport and communications (23.0%), light industry (11.2%), other non-metallic articles (10.2%), agriculture (8.4%), and machine building (7.4%).

Direct foreign investment contributed to significant improvements in the following economic sectors: agriculture (by 41.4%), transport and communications (by 27.5%), and light industry (by 19.1%).

Regarding the regional administrative and territorial division of the attracted capital, Ternopol came first (54% of the total investment volume), followed by Zboriv district (16.7%), Chortkiv district (5.7%), Shymsk district (5.5%), Ternopol district (4.8%), and Borshchiv district (4.1%).

The Ukrainian-Czech closed joint-stock company Dobra Voda, which produces mineral water, successfully operates in Zboriv district. Companies with 100% foreign capital Segers Ukraina, ltd. (Estonia, clothing manufacture) and Billerbeck Ukraine (Austria, down pillows, comforters and mattress covers) work in Shymsk and Chortkiv districts.

The joint Ukrainian and German venture Yanke Ukraine, ltd. (fruit and vegetable juices), Ukrainian-Russian-Swiss closed joint-stock company Tyutyun Impex (tobacco goods), and RapsSoyaTrading, ltd. (grain-crops) thrive in Borshchiv district. Lindevang, ltd. (agricultural produce) with 100% Danish capital and Agroprogress Terebovlya, ltd. with 100% German capital work in Terebovlya district.

The joint Ukrainian-Belgian venture Vatra-Schreder (lighting manufacture), joint Ukrainian-Polish venture Vinisan, ltd. (light industry goods), and a new joint Ukrainian-Polish venture Ricoe Ukraine (cargo service) are settled in Ternopol.

In 2006 the German firm SE Bordnetze GmbH, started an investment project on automobile cable systems production through its branch SE Bordnetze Ukraine, ltd. in Ternopol district.

Kharkov region

As of 01.01.2007, the total volume of foreign investments brought in the economy of Kharkov region reached USD 1,108.91 mn, which marked almost a twofold augmentation since 01.01.2006.

In the beginning of 2006, per capita volume of foreign investments totaled USD 193.7 (and USD 167.1, as regards foreign direct investments). As of 01.01.2007, per capita volume of foreign investments grew to USD 395.3 (and USD 362.0 of foreign direct investments).

Kherson region

A positive tendency of direct foreign investing into the regions economy has evolved in the last couple of years.

According to the most recent data, through all financing sources enterprises of all forms of ownership invested UAH 1,162.4 mn in fixed capital in 2006, which was by 7.9% and UAH 85.1 mn more than in the previous year. Per capita figure thus grew by 26% or UAH 247.4 and reached UAH 1,200.

The most recent statistics shows that over 2006 gross volume of foreign investments (including loan capital) came to USD 142.2 mn, or by 17.2% and USD 20.9 mn more than in 2005.

As of January 1, 2007, the volume of direct foreign investments into the regional economy made USD 108.3 mn. This was a rise by 18.6% or USD 17 mn against the last year figure, which shows upturn in the course of 2006.

Foreign capital arrived from 32 countries of the world. The 7 of them account for aggregate 84.6% and include the United Kingdom of Great Britain and Northern Ireland USD 28.6 mn, Cyprus USD 26.1 mn, the Netherlands USD 11.1 mn, Germany USD 7.4 mn, Sweden USD 6.7 mn, as well as Austria USD 6.5 mn, and Turkey USD 5.3 mn.

The structure of investments by businesses shows dominating industrial enterprises with 55.0% (USD 59.5 mn), including foodstuff and agricultural processing 33.1% (USD 34.8 mn). Agriculture contributed 13.3% (USD 14.4 mn). Wholesale and retail trade took 17.7% of all investments, which made USD 19.1 mn. And 4% is the share of transportation and communication sector, which exceeds USD 4 mn.

In 2006, the highest rise of industrial capital was traced at agroindustrial enterprises USD 5.1 mn, wholesale and commercial intermediaries USD 4.1 mn, as well as foodstuff and processing industries USD 3.3 mn.

Cherkassy region

In January September 2006, business entities of all forms received capital investments of UAH 1,868.3 mn from various financial sources, including investments into fixed assets worth UAH 1,642.7 mn, which was 18.1% more than in the same period of 2005 (in comparative prices).

The volume of fixed assets investments includes building and construction works worth 36.9%, and purchases of machines and equipment for new constructions worth 61.5%.

Regarding economic sectors, the largest fixed assets investments were made into agriculture (31.1%), industry (22.8%), transport and communications (15.1%), and real estate (10.1%).

Over the first nine months of 2006, 121.6 ths. sq. m of housing space were put into operation, which amounted to 23.1% of the 2005 figure.

As of January 1, 2007, the volume of direct foreign investments totalled USD 119.2 mn, which was USD 20.1 mn more than in the beginning of 2006. Direct foreign investments made up USD 88.6 per capita.

Chernigov region

The region created the necessary prerequisites for the inflow of foreign capital. As of 01.01.2007, the total volume of capital invested in the enterprises of Chernigov region by the non-residents from 25 countries worldwide totaled USD 81.5 mn (i.e. USD 70 per capita). In 2006, the volume of foreign investments attracted by the regional economy reached USD 3.4 mn.

The EU countries contributed the most to the volume of direct investments (87.5% worth USD 71.4 mn). Along with this, significant investments were obtained from the non-residents representing Germany, Great Britain, Cyprus, Virgin Islands (British), Italy, and Cayman Islands.

The greatest attention of foreign investors was paid to enterprises that represented processing industry (USD 50.7 mn), wholesale trade and trade mediation (USD 5.4 mn), and agriculture and hunting (USD 4.2 mn).

Major directions set for investment development of Chernigov region include effective elaboration and deep processing of the regions raw materials and natural resources (particularly, peat and woodworking industries, raw materials growing and production of biological fuel, production of construction materials using local deposits of chalk, clay, quartz sand and other non-power-generating materials, and production and processing of bischofite).

Chernovtsy region

In 2006, the volume of foreign direct investments attracted by regional enterprises amounted to USD 8,321.8 ths. The CIS countries contributed USD 16.8 ths. to the total while the non-CIS states invested USD 8,304.9 ths.

In 2006, the increment of foreign capital equaled USD 8.4 mn (+29.7%, regarding the volume of investments as of the beginning of 2006).

As of 01.01.2007, the total volume of foreign direct investments in the region reached USD 36.8 mn (i.e. USD 40.6 per capita).

Investments came from 42 countries worldwide. The largest investments were brought in by Ukraines non-residents from Great Britain USD 7.7 mn (making up 20.9% of the total), Virgin Islands (British) USD 4.6 mn (12.5%), Italy USD 4.0 mn (10.9%), Israel USD 3.9 mn, the USA USD 3.5 mn (9.4%), Germany USD 3.2 mn (8.6%), the Netherlands USD 1.1 mn (3.0%), and France USD 1.0 (2.8%). Mentioned countries accounted for 78.6% of the total volume of foreign direct investments received by the regions economy.

The largest volume of foreign investments was attracted by enterprises located in Chernovtsy (59.8% of the total). As regards their district distribution, the largest volume of investments received the enterprises of Kytsman (16.2%), Vyzhnitsya (10.9%), Novoselytsya (8.5%), and Glyboka (2.4%) districts.

City of Kiev

Securing of favorable investment climate in the capital city by city authorities had its effect. As estimated by experts, economic development of the region, situation of its market and financial infrastructure, availability of human resources, and development of Kiev business activity have the highest investment attractiveness ratings over the last three years and more than twice outrun its closest competitors (Dnepropetrovsk and Donetsk regions).

Drawing of financial flows to Ukraine and Kiev is fulfilled not only by direct foreign investments, but also by creation of representative offices of world financial structures dealing with loaning of business activities in Ukraine. Such banks as European Bank of Reconstruction and Development, Raiffeisen Bank (Austria), Deutche Bank AG, Dresden Bank AG, World Bank, and international financial groups entered the market of Ukraine over the last years.

Transportation and communications (24.7% of the gross investment volumes to fixed assets), industry (12.6%), construction (9.9%), and trade (8.1%) were the most attractive kinds of economic activities for investors in January-September 2006.

As reported by companies and organizations submitting reports to the state statistical bodies, aggregate capital of non-residents in economy of the city of Kiev, loan capital including, constituted USD 5,745.9 mn as of October 1, 2006. The minor share of foreign capital (5.1%) was invested from the CIS states (USD 295.3 mn in financial terms), while the major share (94.9% or USD 5,450.6 mn) was put from abroad. Attracted capitals to the economy of the city amounted to USD 5,006.8 mn making 25.1% in the total volume of investments put into Ukraine.

Direct foreign investments per capita in Kiev constitute USD 1,897.6.

Flow of investments to the economy of the capital city made USD 1,109.6 mn over the first nine months of 2006. Growth of foreign investments is foremost stipulated by input of monetary deposits (USD 1,019.5 mn or 91.9% of capital investments). Deposits in movable and immovable property constituted USD 67.1 mn (6.0%).

Non-residents from 105 countries participated in international investment cooperation with the city of Kiev. The following states are leaders by volumes of invested capitals: Cyprus (17.1% of the total investment volume), the Netherlands (13.3%), Austria (13.0%), Great Britain (11.1%), the USA (10.6%), British Virgin Islands (5.5%), Germany (4.1%), Russia (3.6%), and Switzerland (2.5%).