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: 2016-12-30
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Rivne Region ()
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ervice thanks to the

investments of the European Bank for Reconstruction and Development and

of a Canadian company. The plant supplies exclusive production for a

number of Ukrainian and foreign companies.


It was foreign companies that helped to organize the supply of modern

goods and services from the JV Rise-Invest, from ODEK Ukraina LTD,

from the firm VIC-Expo and Klesiv State Forestry.


Thanks to the 1.2 million dollar investments from Moldova the firm

Dubnonasinnia LTD specialized in preparing sugar beet seed is

operating in the region.


An important issue for the region is getting funds for such important

projects as Introducing modern technologies for manufacture of hard

thermo-insulating mineral basalt wool slabs (Komunenergia),

Reconstruction of ammonia production on the base of energy saving

technologies (OJST Rivneazot), Introduction of manufacture of

energy saving bulbs Prolux-mini in Ukraine (Gasotron, Rivne).


To succeed in solving its socio-economic problems the region is in need

of foreign investments.


According to the concept of the investment program for the steady

development of Rivne region during the period of 2001-2010 (approved by

the Head of the Regional Administration on August 21, 2001, order ? 543)

that comprises 132 projects, the need of the region for the investments

amounts to 112 million USD. The program foresees to create about 7

thousand and to preserve 13 thousand work places.


The meetings of the agents of the economical activity with the

representatives of Ukrainian and international establishments for

innovation, investment and credits were put into practice in order to

contribute to the development of the investments of the region.


The information about the investment projects and business offers of the

enterprises of the region are permanently spread at exhibitions,

business forums, through the Internet and Offices for Trade and Economy

at Ukrainian Embassies. In December 2001 Rivne region was represented at

the exhibition Industry of Ukraine: investment potential within the

Second International Forum of Economic Cooperation Partnership for

consent and development.


The main factor affecting the process of foreign investment into the

region is the lack of the steady legislative base, technological

backwardness of the most of the enterprises which produce

non-competitive goods, undeveloped regional fund market, undeveloped

system of warranties for returning funds to the investor, lack of

efficient mechanism for the protection of the foreign investors



Being the tasks of stimulation of the market of capitals and activation

of non-bank financial establishments (pension funds, insurance and

leasing companies), the system of investment risk insurance, efficient

protection of the foreign investors property solved at the governmental

and legislative level, the conditions for business and investment

activity will improve.




The complex support to the development of small business, development of

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