09:40Yuschenko praises foreign investors entering Ukraine's market
Ukrainian President Viktor Yuschenko has invited foreign investors to come into Ukraine's market, describing it as one of the most modern markets in the world.
"Ukraine has one of the most modern markets not only in Europe, but also among the world markets, that is virtually unexplored by investors," Yuschenko said at a meeting with representatives of the Horizon Capital company in Kyiv on October 5.
In particular, Ukraine's farming sector is still in need of investments, the president said.
"This sector has unique possibilities from the point of view of production and reprocessing," he added.
The farming sector has been doing well in recent years, Yuschenko said. He noted that Ukraine harvested 45 million tonnes of grain this year, with Ukraine's export target for this year being 20-22 million tonnes.
Investments also need to be made in the Euro 2012 European Football Championship, aircraft manufacturing and space exploration, the Ukrainian president said.
While addressing the representatives of Horizon Capital, the president said: "You are wise. In spite of everything, you have placed your stakes in Ukraine's potential."
The Horizon Capital company manages direct investment funds and handles investment in medium capitalization companies with high growth and profitability potential in Ukraine, Moldova and Belarus. Horizon Capital currently manages three funds with a combined capital of over $600 million.
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