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News / 27 December 2013 | 15:00
Lugansk region attracts investment

Lugansk region attracts investment

According to the Lugansk Regional State Administration, the expected volume of Foreign Direct Investment (FDI) in the region in 2013 will reach 99 million USD. The investments in the region is up 30% YOY. The investments have grown by 16.8% since the beginning of investment. The investors come from 43 countries. The greatest FDI comes from Cyprus, the Russian Federation, Hungary and the UK, the Information-Analytical Bulletin of the Cabinet of Ministers of Ukraine informs.

Analysts point out that about 80% of investment goes to processing enterprises. Most of the invested foreign capital is concentrated in the production of motor vehicles, trailers and semi-trailers, as well as other vehicles. Significant funds have been invested by non-residents in warehousing, post and courier activities, manufacture of basic metals, fabrication of metal products, real estate, professional, scientific and technical activities, mining and quarrying.

Experts say the visit of President of Ukraine to China helped intensify the joint Ukrainian-Chinese coal industry investment project in Lisichansk.

Experts remind that the FDI in the economy of Lugansk was 55 million USD in the first half year of 2013, 336 USD per capita, which is  up 10% YOY. Over 70 million USD, or 95% of the total FDI were invested by the EU countries.

According to the rating of investment attractiveness of Ukrainian regions, published in April 2013, Kharkiv, Lviv, Donetsk, Dnipropetrovsk regions and Kyiv hold leading positions. Struggling for investors, Lugansk region was rated 9th. The rating was prepared by the Kiev International Institute of Sociology in partnership with the Institute for Economic Research and Policy Consulting commissioned by the State Agency for Investment and National Projects of Ukraine.
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