OREANDA-NEWS. November 22, 2010. The government of Ukraine pays special attention to improving the investment climate, implementing effective mechanisms to attract and protect investments in our country. This was discussed in a speech of the Vice Prime Minister of Ukraine Viktor Tykhonov, who took part in the First International investment forum in Lugansk.

An important step of the Government, according to Viktor Tikhonov was the restoration of effective governance in investment activities. "Given the inability of the management system taken as heritage, we changed the organizational structure and decided the long-standing problem of duplication of functions in the sphere of innovation activity. Today, all functions in the field of investment activities are concentrated in the State Agency for Investment and Development and innovation - the State Committee of Ukraine on Science, Innovation and IT. The mechanism of selection of investment projects that are strategically important for the development of the real economy was formed by the Government."

In Ukraine today, according to the Vice Prime Minister, major preconditions for successful reform in all spheres are created. First, the official said, it the consolidated power, political will and public support. "New economic policy is increasing confidence of foreign partners. This is not surprising, because they are pragmatists who focus not on empty talk and custom publications, but on specific economic indicators" - Victor Tikhonov said. He noted that industrial production growth in Ukraine in October made 11,5%, after ten months of this year the GDP growth rate was 5%.

"There is no surprise, that recent months the well-known international rating agencies stated the improvement of economic position of Ukraine in the rankings. We can state unequivocally the renewed interest for cooperation with Ukraine. Therefore, the executive central and local bodies have task to convert this concern into concrete investment projects that really are to be implemented. We must first create legal, organizational and infrastructure prepared investment sites"- said the official.

For information:
November 18-19, 2010 in Lugansk the first international investment forum has place. Its goal is the presentation of investment potential of Lugansk region. The Forum brings together the representatives of large foreign and Ukrainian enterprises and business groups, investment, venture capital and private foundations, foreign and Ukrainian banks, representatives of state and local governments.

The Forum exhibition is the most attractive investment projects in the region. Tours to large enterprises of Lugansk region are organized for participants.