rganisations and associations become more and more
FOREIGN TRADE AND INVESTMENT
The analysis of dynamics of foreign trade turnover shows a steady
increase of export and of positive balance from 1999,it`s indicative of
positive processes in the foreign trade of the region. The processes are
caused by the growth of regional production and by the increase of
export potential of the region.
The region’s foreign economic turn-over of works, commodities, and
services of the year 2002 totals USD 1176,5 mn. Export of works,
commodities, and services totals USD 873,2 mn., import – USD 303,3 mn.
Top regional export articles are still mineral products, surface
vehicles, machinery, electrical engines, base metals and products made
of base metals.
Direct foreign investment in enterprises of Poltava region totals USD
155,9 mn., as of January 1, 2003.
Geographical structure of foreign investment is formed under influence
of two interdependent factors. The depth of foreign economic relations
determines one the one hand, its development with traditional partners
(CIS countries with a predominance of Russia, some West-European
countries), on the other hand – by the need of diversity, especially, of
international investment activity. The biggest investors are our
partners from Russian Federation (66,9% of total investment), Cyprus
(6,5%), Netherlands (6,2%), USA (6,1%), Canada (3,%). 151 enterprises of
the region received investment as of January1, 2002. The analysis of the
investment activity shows that Poltava region is still attractive for
foreign investors. There are grounds for the increase of investment,
taking into consideration the regional developed industry, its powerful
agro-industrial and oil-gas extracting complex, highly skilled
specialists, basic infrastructure and advantageous geographical
Priority fields for investment: processing industry, machine-building
and metal-working enterprises, construction materials industry, fuel
industry, housing and communal services, and protection of environment.
Education branch of the region is under reform. In last years it did not
have losses, it kept it educational institutions. Educational
institutions of new type have been created: 5 gymnasiums, 8 Lyceums, 48
teaching and educational complexes. Regional program for development of
general secondary education for 1999 – 2012 is worked out. Great
importance is attached to the development of village schools.
Universities and academies have been created on the base of former
institutes. The potential of 30 state higher educational institutions
was increased in this way. The change of status contributed to the
increase of professions, which are taught (40 in total).
Higher educational institutions
Seven state educational institutions of III-IV level of accreditation
operate in the region. There are three universities among them: Poltava
state pedagogical university V.Korolenko, Kremenchuk state polytechnic
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