May 23, First Deputy Prime Minister, Minister of Economic Development and Trade of Ukraine Stepan Kubiv opened the International Investment Forum Ternopil Region Invest.
The First Deputy Prime Minister noted that the Forum is an effective platform for a dialogue among authorities, business and investors aimed to ensure the development of international cooperation and attracting investment in the Ternopil region and Ukraine as a whole.
"Ternopil region enters the TOP-5 regions of Ukraine, where business feels most comfortable. Perhaps that’s why during 4 years, this region has attracted UAH 23 billion of capital investments, implemented 1,600 regional development projects worth UAH 3.5 billion, as well as 565 infrastructure projects to the tune of UAH 350 million. Moreover, there are over 175 enterprises with direct foreign investment in the Ternopil region, which proves the effectiveness of the reforms and the desire of foreign partners to work in Ukraine", said Stepan Kubiv. The First Deputy Prime Minister of Ukraine also emphasized the importance of continuing the decentralization reform, which broadens the opportunities of local governments and powers of communities.
"I believe that the success of the development of each region means the success of the entire state. Indeed, it is decentralization that enables Ukraine to yield result. The development of transport and Internet infrastructure, modernization of security and video surveillance systems, the development of e-government, as well as modern management in the utility services sector - all those prove necessary for the modern development of regions and communities. Today, this opportunity is provided by public-private partnerships (PPP), combining the opportunities of private and public resources", said Stepan Kubiv.
The First Deputy Prime Minister separately emphasized that during the year of 2018 about 10 PPP projects had been initiated by entrepreneurs, thereby emphasizing the effectiveness and productivity of such interaction.
International Investment Forum Ternopil Region Invest is an open platform for a dialogue among authorities, business representatives and investors aimed to ensure the development of international cooperation and leveraging investment.
The Forum envisages topical discussions along the following areas: energy efficiency, agro-industrial complex, IT-technologies, tourism and creative industries.