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Bank official: Foreign direct investment could hit $10b this year
Journal Staff Report

KIEV, May 27 – Foreign direct investment (FDI) in Ukraine in 2008 could grow to $10 billion, while in Q1 total FDI was $2.4 billion, Executive Director on Economic Issues of Ukrainian National Bank Ihor Shumylo said in an interview with Interfax-Ukraine during the first Ukrainian investment forum "Investments in construction and real estate" in Kiev on Tuesday.

"High inflation rate is a bad sign for everyone – for investors, for those who monitor Ukraine's economy, and even the rating agencies. Therefore those sure that Ukraine can cope with the inflation, return price stability, and those who work for the middle- and long-term perspectives, [foreign investors] are coming to Ukraine and see many opportunities here. According to our estimates, total foreign direct investments in 2008 will be not less, than in 2007. And that prospect will also remain in the future," he said.




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