EU investments into Ukraine reach $600 million
Since the beginning of the year, EU countries have invested 597.3 million dollars in the economy of Ukraine, making up 84% of their total investments for the same period last year, as stated by the press service of the Ukrainian Ministry of Economic Development and Trade, UNIAN reported.
It is noted that Cyprus ($287.1 million) and Great Britain ($160.1 million) are the top EU investors into Ukraine.
It is noted by the Ministry that by July 1, 2017, the total volume of foreign direct investment (equity capital) amounted to 38.981 billion dollars, including 27.387 billion dollars (70.3% of the total) from the EU.
At the same time, the total amount of Ukrainian investments in EU member states is 6.092 billion dollars, which is 95.6% of the total volume of Ukrainian international investments. Most of the Ukrainian investments were made in Cyprus ($5.931 billion, or 97.4% of the investment in EU countries), Latvia ($73.2 million, 1.2%), and Poland ($ 51.1 million, 0.8%).
According to the Ukrainian State Statistics Service, investments in Ukraine fell by half this year.