Two investment conferences to be held in Ukraine in support of reforms
The Ministry of Economic Development and Trade of Ukraine is to hold two investment conferences in support of reforms in Ukraine instead of a donor conference as was previously planned, Ukrainian Minister of Economic Development and Trade Aivaras Abromavicius said on Wednesday.
According to the minister, the whole package of projects to be presented to investors is worth $7.5 billion.
The conferences will be held in spring and autumn, with the onset of favorable market conditions, Abromavicius said.
“Initially it was planned to hold a donor conference. But now we no longer call this event a donor conference,” he said.
“Donors are those who give money for free. No one is going to provide Ukraine with free money in the large amounts that it needs."
The minister said that the spring conference may be related to issues of technical and humanitarian assistance, while during the next conference in autumn Ukraine may present direct investment projects.
He said such an approach was guided solely by considerations of how to achieve greater economic benefits from investments.
"We have a very long list of projects, involving the Ministry of Agrarian Policy, the Ministry of Energy and Coal Industry, and the Ministry of Infrastructure,” Abromavicius said.
“We’re talking about $ 7.5 billion. However, we have to choose the proper timing for presenting the projects. There will be no second chance if investors show no interest in the projects. Therefore, the proper timing may be in early autumn, within a framework of a separate conference."
As UNIAN reported earlier, the idea of holding donor conference in support of Ukraine was first proposed in summer 2014. The conference was scheduled for December 2014, but was postponed until April 2015.