Crimean investment potential presented in China

Economics - 09 November 2011, Wednesday 15:52

BEIJING, CHINA (QHA) – Investment potential of Crimea has been presented in the capital city of China – Beijing – as part of the III China Overseas Investment Fair.
The presentation titled ‘Crimea is an investment pearl of the Eastern Europe’ was held by the Crimean delegation headed by Deputy Head of the Council of Ministers of Crimea – Minister of Economic Development and Trade of Crimea, Kateryna Yurchenko.
During the presentation, Yurchenko noted that Crimea is one of the most dynamically developing regions of Ukraine, and the Crimean Government creates all necessary conditions for successful investment activities. In 2010, Crimea took a lead among the EU countries, the United States, Poland and Russia in terms of gross regional product growth, which made up 5.8%.
Crimea takes the second place after Kyiv among the regions of Ukraine by the inflow of foreign capital in the first half-year.
A growth is also observed in agricultural production, retail trade, passenger flow and the development of monetary and stock markets.
According to her, the main areas for capital investment in Crimea are industry, building sector, transport, hotel and restaurant business.
Vice prime minister also informed the participants in the fair that Crimea continues implementing a Strategy of social and economic development until 2020, which determined the development of the autonomy in five key priority areas – health-resort complex, agricultural sector, industry, transport sector and the creation of environment favourable to life.
K. Yurchenko stressed that the creation of environment comfortable for business is one of the most important fields of work of the Crimean Council of Ministers. Thus, the EU and the UNDP provided assistance in establishing the Regional Development Agency. Licensing centres are operating in all regions of Crimea. In addition, an interactive investment map is developed that allows investors to get a full description of the investment, economic, social and land potential of the peninsula.
Yurchenko added that a number of important investment projects are being implemented in Crimea, including development of Western Crimea, the reconstruction of the Simferopol International Airport, the construction of the ‘Port of Yalta’, the construction of a combined-cycle power plant in Scholkine.
The minister said that Crimea is open for cooperation with Chinese investors, and Crimean government is ready to assist in attracting investment in the economy of the peninsula from China. At the same time, she said that the next year the autonomy intends to propose for Chinese colleagues to organize Crimean-Chinese forum in Crimea.
The Director of the Regional Development Agency of Crimea, Oleksii Starodubov, gave a presentation ‘Crimea for investors’ and presented a number of investment projects that are planned to be implemented in the autonomy, in particular, the development of the Western Crimea; transfer of the Yevpatoriya transport capacity sea port to the South Spit of the Lake Donuzlav; construction of adventure theme park Dinoland yacht marinas, the ‘Port of Yalta’ complex; development and reconstruction of the Simferopol International Airport.
The First Deputy Minister of Resorts and Tourism of Crimea, Oleksandr Liiev, gave a presentation ‘Crimea - a resort for all year round.’
The Head of the Permanent Commission of the VR ARC on Health-Resort Complex and Tourism Rustam Temirgaliiev, member of the Supreme Council of Crimea Yanina Pavlenko and Mayor of Yalta Oleksii Boiarchuk took part in forums that were held in Beijing within the frames of the III China Overseas Investment Fair: “Developing global investment environment and prospects of Chinese investment abroad”, “Agricultural development: choosing the right direction”, “Foreign financial investments and services.”
Reference: III China Overseas Investment Fair (COIFair) is an exhibition of Chinese foreign investment and cooperation, which is a unique opportunity to establish ties with Chinese corporations and professional platform in China for investment abroad, the determination of financial and technological flows in different countries. Crimean stand was presented at the fair and had area of 18 square meters. Stand included a project booklets, printed promotional materials, electronic presentation of the projects in the form of disk-cards, souvenirs.
 
QHA