OREANDA-NEWS. October 25, 2011. The Government will create conditions for investment attraction and to restore of pre-crisis level of the domestic automotive industry.  This was stated by the Prime Minister of Ukraine Mykola Azarov at a meeting with Secretary General of the International Organization of Motor Vehicle Manufacturers (OICA) Yves van der Straaten

"Unconditionally, we will support domestic automotive industry. Now this issue is studied by the Ministry of Economic Development. Our task - to create such conditions under which our car industry would be advanced successfully," Mykola Azarov has noted.

He has added that the Government expects for proposals from domestic motor-car manufacturers, in particular the Association "Ukrautoprom" on the necessary measures to facilitate the development of the industry.

In addition, the Cabinet of Ministers will take measures for activation of foreign investment in the Ukrainian automobile industry and will provide favourable conditions for foreign investors who will be engaged in automotive industry in Ukraine.

Mykola Azarov has given an example that now the electricity in Ukraine five times cheaper than in Europe, and simultaneously the qualified labour is rather low-cost, etc.

The Prime Minister has noted that such situation would be saved for some time in the future that is why foreign investors, allocating their productions in Ukraine, would have significant benefits.
The Head of Government has added that visit of Secretary General of the International Organization of Motor Vehicle Manufacturers will promote cooperation adjustment between the Ukrainian and foreign motor-car manufacturers. "We hope that your organization will promote cooperation of our car industry with world manufacturers of cars", - he has told.

Yves van der Straaten, in turn, has noted that Ukraine has the great potential for attracting of foreign investments. "If we talk about investment opportunities in Ukraine, I am convinced: your country has an extreme potential," the Head of the OICA has underlined.

He has stressed that Ukraine has all capabilities to become the reliable and promising partner for the foreign companies in the field of automotive industry.