Dragon Capital: Investments in Ukraine are growing faster than expected
Foreign direct investments in Ukraine are growing faster than expected. According to Dragon Capital investment company, nearly $2 billion was “poured” into the Ukrainian economy between January and April. Data from last year suggested that $4 billion was expected for the whole year. Ukrinform reported that this was said by the CEO of Dragon Capital, Tomas Fiala.
“If you look at the statistics on foreign investment over the last two years, there are some improvements. In 2014, the amount brought in by foreign investments was close to zero. In 2015, this figure rose to $1 billion. It is a good number even though approximately 70% of those investments were made into the banking sector. This is not new money that came into the banks, this is a capital increase,” Fiala explained.
With regard to foreign direct investments for this year, Fiala says that “taking into account statistics for the first four months of this year, this figure is almost $2 billion. This is quite substantial as we expected this whole year’s direct investments to amount to $4 billion”.
However, Fiala has noted that more than 80% of the $2 billion is again for investments into the banking sector.