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Rating of investment attractiveness of Ukraine’s regions, in which Ivano-Frankivsk region ranked second among 27 regions was presented on April 28, 2014.

Lviv region took the first place as the most investment attractive region. Odessa region took the third place. The event was officially opened by the head of State Agency for Investment and National Projects of Ukraine Sergiy Yevtushenko, Minister of Economic Development and Trade of Ukraine Pavlo Sheremeta, development director of PwC business Endi Kuzich.

Place Region Mark
1 Lviv 1.600909
2

Ivano-Frankivsk

1.477907
3

Odessa

1.459287
4

Vinnytsia

1.428427
5

city of Kyiv

1.419233
6

Dnipropetrovsk

1.417662
7

Volyn

1.410212
8

Kharkiv

1.404452
9

Chernigiv

1.397444
10

Zhytomyr

1.385045
11

Ternopil

1.35636
12

Zaporizhia

1.355105
13

Kyiv

1.353088
14

Rivne

1.34312
15

Sumy

1.33872
16

Mykolaiv

1.328952
17

city of Sevastopol

1.320051
18

Cherkasy

1.30994
19

Khmelnytsky

1.289487
20

Poltava

1.282796
21

Kirovograd

1.282779
22

Donetsk

1.28119
23

Lugansk

1.280484
24

Zakarpattia

1.274493
25

Kherson

1.264392
26

Chernivtsi

1.25022
27

Autonomous Republic of Crimea

1.228048

Certificate, confirming that Ivano-Frankivsk region took second place in the rating of investment attractiveness of Ukraine’s regions - 2014 was officially presented to the deputy head of Ivano-Frankivsk Regional State Administration Liubomyr Slobodian.

Large investors presented the investment face of the regions who won. Specifically, Artur Felisiak, director of LLC “Electrolux Ukraine” who presented Ivano-Frankivsk region made his speech. The company was created by Swedish company AB Electrolux, a world leader in household appliances, which sells its products in more than 150 countries. The cost of investment project AB Electrolux in Ivano-Frankivsk amounted to EUR 25 million. Since April 2011, manufacture of high quality washing machines of famous brand Zanussi and Electrolux was launched here.

According to the director of Ivano-Frankivsk Regional Center for Investment and Development Oksana Fedorovych the “second place can be regarded as a triumph for our region. We are especially glad that our neighbors in the rating are developed regions of Ukraine such as Lviv and Odesa, so our region looks worthy at the background of such regions-heavyweights. The rating favorably shows the investment prospects of our region. Moreover, the second place is an index of effective work of professionals’ team, the result of constructive cooperation of various institutions including the cooperation of local authorities and the Regional Center for Investment and Development. As a result of such cooperation, the industrial park "Dolyna" was the first park included into the state register of industrial parks formed in accordance with the Law of Ukraine “On Industrial Parks”. The next step - registration of another two industrial parks in the cities of Kolomyia and Kalush".

Rating of regions by investment attractiveness was held in Ukraine for the second time by Kyiv International Institute of Sociology together with the Institute for Economic Research and Policy Consulting on request of State Agency for Investment and National Projects of Ukraine. Annual complex comparative-summarizing sociological study of regions’ investment climate is carried out in pursuance of the Resolution of the Cabinet of Ministers of Ukraine dated 25.01.2012, N67-p.

According to the methodology, invest attractiveness of the region is determined by a combination of factors, which are divided into two groups according to the criteria of immutability/mutability in time - hard and soft factors. Group of hard factors includes those whose impact is impossible or quite difficult to change in the short term, such as: geographic location of the region, natural resources, work force, infrastructure etc. If the hard factors relate more to the investment potential of the region, the soft factors should be considered as determinants for the development of economic activity and/or entry to the market (exit from the market). In this capacity, soft factors also delineate additional risks that accompany activity of investor. Factors that belong to this group mostly relate to the perception of the economic environment by investors. Such factors are: business climate, openness of government, rules and procedures for the business, successful experience of investment projects implementation.

In 2013, Ivano -Frankivsk region ranked 13th among 27 regions of Ukraine in terms of foreign direct investment volume (hereinafter - FDI) and 12 position by FDI per capita. Investments into the region’s economy were made by investors from 53 countries. Most of the investors (90%) are from European countries. The investment policy of the region has strategic focus on high-tech industries, which create added value without harming the environment. In particular, it is a precise machine building, instrument making and manufacture of electronic and electro technical products.

Priority projects of the region are aimed at developing of transport infrastructure and improving the access to the region. They will result in attracting of billion investments and create ten thousand work places. Such projects are opening of crossing through the Ukrainian-Romanian state border and construction of the road to it, master planning of the territories, which are perspective for the construction of ski resorts and tourism development, reconstruction of the international airport "Ivano-Frankivsk".

For the reference:

Ivano-Frankivsk Regional Center for Investment and Development is a budget institution, which is subordinated by the State Agency for Investment and National Projects of Ukraine. Center provides activities aimed at investment attraction and improving the investment climate in Ivano- Frankivsk region. As of January 01, 2012 the Center is an authorized body, which provides services to investor relating to the preparation and implementation of investment projects on "One Stop-shop" mechanism (according to the Law of Ukraine "On Preparation and Implementation of Investment Projects on "One Stop-shop" mechanism). Web site of the center www.investin.if.ua provide investors with information on current investment property database «Brownfield» and «Greenfield», investment proposals of companies, detailed analytical information about the region and its economy for decision making  as well as a investor road map with information about the main rules and procedures for starting and running of business.



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