The document outlines Ukraine's new approach to promoting foreign direct investment (FDI). Key points of the new strategy include establishing a "one-stop-shop" for investor services, developing a priority pool of strategic investment projects supported by the government, improving protections for investors, enhancing Ukraine's international image, and reforming laws to improve the investment climate. Performance will be measured by FDI amounts and jobs created. The strategy is informed by international best practices and aims to raise Ukraine's international investment ratings.
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V Kaskiv E Pres D2 S6
1. FDI IN UKRAINE:
NEW APPROUCH
束InvestUkraine: on a New Plane損
VLADYSLAV KASKIV
Member of Parliament, Advisor to the Prime Minister of Ukraine for Foreign Investment
The 5th Annual Ukrainian Investment Summit 911 March 2009 London
2. Content
1. Why now? FDI Promotion performance criteria
7.
2. Government FDI promotion strategy: 8. Anticipated results: Strategic
Whats new?
milestones
Government priority projects pool
9. FDI Priority sectors in Ukraine
Investor protection
10. FDI NUMBERS:
Ukraines investment image
FDI to Ukraine cumulative
Ukraines investment climate
FDI to Ukraine by countries
3. 束Onestopshop損: How it was and
how it is (models) FDI to Ukraine by sectors
4. FDI promotion: How it works (model) FDI & GDP in CEE transition
5. FDI Generation Process (model) economies
6. FDI Promotion best practices: 11. Contacts
Our advisors
3. Why now?
Global financial crisis call for new FDI promotion
strategy on the State level
Downgraded investment ratings require radical
improvements in the investment climate
External image challenges (e.g. the gas dispute) call
for proactive information campaigns
4. FACT
An increase of 1%
in Foreign Direct Investment
results in an increase of 0.4% in GDP*
* Source: IMF, World Economic Outlook, International Financial Statistics
5. Government FDI
promotion strategy:
束Onestopshop損 handling all afterregistration
procedures via ONE state institution; significantly reducing
timetomarket
Government Priority Projects Pool 1015 strategic
investment opportunities directly supported by the
Government
Development investment property database
prioritizing and preparing projects for investor review
Investment property development (e.g. industrial parks,
technoparks etc.)
6. Government FDI
promotion strategy (continued) :
Promoting Ukraines image abroad proactive
information strategy
Radical improvements to investment climate
a better legal environment
Investor protection state oversight, precourt dispute
settlement, cutting through red tape
Investor aftercare working with existing foreign
investors
7. Whats new?
Government Priority Projects Pool
A targeted search for investment from abroad to
develop 1015 strategic projects, targeted and
approved by the Government
List of projects is prepared and approved by the
Government every year
Agency provides search process of turnkey
investment projects
Government Priority Projects Pool strategic
investment opportunities directly supported by the
Government
8. Whats new?
舒仆从 仗仂亠从于
Investor protection
Key: promptly resolving bureaucratic issues with local
officials and regulatory institutions through individual
managers of major projects within the Government
Consulting on how to do business
Promoting and providing precourt dispute settlement
Regulatory compliance
9. Whats new?
Ukraines Investment image
Aggressive marketing campaign (e.g. holding
international events in Ukraine involving top officials
from the world community)
Introducing a new efficient approach of FDI targeting
Ukraines image campaigns in top global media
Wide use of success stories for investment promotion
and image building of Ukraine
10. Whats new?
Ukraines Investment climate
Revisiting of investment legislation and regulatory
environment
Polling foreign investors and studying international
practice
Policy advocacy drafting changes and amendments
to laws and bylaws
15. FDI promotion
Best practices: Our advisors
Jan Havelka First General Director of CzechInvest,
the Czech investment promotion agency. Track record:
771 completed investment projects, EUR 18 billion,
154,000 new jobs
David Brown chief consultant, Foreign Investment
Advisory Service (FIAS, World Bank Group). Track
record: organized launch of investment promotion
agencies in 25 countries
Osamu Mizutani First General Director of
InvestJapan (Japanese investment promotion agency)
of the Japan External Trade Organization (JETRO,
Tokyo). Current Director of UkraineJapan Center in
Ukraine (UAJC)
16. FDI Promotion
Performance criteria
Volume of FDI involved
Number of successful projects
Number of created jobs
Number of resolved disputes
via precourt disputes settlement tool
17. Anticipated results
Strategic milestones:
International investment ratings for Ukraine
Foreign investors successfully engaged in
Governmentdefined strategic project
A successful Euro2012
19. FDI NUMBERS:
Foreign Direct investment to Ukraine
Cumulative, in USD billion
Source: Investment and Innovation Activity in Ukraine (2008),
inistry of Economy of Ukraine, department of Investment and Innovation)
20. FDI NUMBERS (continued):
Breakdown of direct investment to Ukraine
by countries in USD billion
as of 01.07.2008
Source: State Statistics Committee of Ukraine
21. FDI NUMBERS (continued):
Breakdown of direct investment to Ukraine
by sectors
as of 01.07.2008 (%)
Source: Derzhkomstat. The State Statistics Committee, 2007
22. FDI NUMBERS (continued):
FDI & GDP in CEE Transition Economies
GDP per capita, EUR at PPP in 2007
FDI Stock per capita in 2007, EUR 2005 FDI Inflow, MEUR 2006 FDI Inflow, MEUR 2007 FDI Inflow, MEUR
30000 25 000
25000
20 000
20000
15 000
15000
10 000
10000
5 000
5000
0
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Source: WIIW
23. FDI priority sectors in Ukraine
Energy (Energy saving technologies, alternative
1.
energy)
Infrastructure (including Euro 2012 projects)
2.
Agriculture (Agroindustry)
3.
Hightech (IT, Nanotechnologies, Airspace)
4.
Tourism
5.
24. Thank you!
National Agency
for Foreign Investment
and Development of Ukraine
1a Saksahanskyy st.
Kyiv 01023, Ukraine
+38.044 209.7468
info@investukraine.org
vkaskiv@gmail.com
www.investukriane.org