KIEV, May 26 – Foreign direct investment to Ukraine in 2008 could grow to $11 billion, which is 40% more than in 2007, according to a forecast of the head of Dragon Capital Investment Company, Tomas Fiala, at an annual investment conference organized by the company in Kiev.

He said that the forecast does not include earnings from privatization, in particular, from the sale of Ukrtelecom and Odessa Portside Plant, which is doubtful.

"This is rather conservative forecast, it could be more," Fiala told Interfax-Ukraine.