The Government of Ukraine is ready to implement large-scale investment projects with Sweden, in particular, in the sphere of diversification of energy resources. Prime Minister of Ukraine Yulia Tymoshenko disclosed this during a meeting with the representatives of Swedish corporations specialized in the production and use of renewed energy sources.

“We count on large-scale projects and we’d like Sweden that has the greatest experience in this issue become the main strategic partner of Ukraine,” Yulia Tymoshenko noted, Government portal reported.   

Yulia Tymoshenko informed that Ukraine would obtain gas at market prices already next year and that’s why Ukraine is extremely interested in implementing the projects on the production of alternative kinds of fuel. According to her, the use of renewed energy sources totaling only 0.83% in the total energy balance of Ukraine, whereas in other countries of Europe – to 25%.

In his turn, board member of the Swedish company BiogasProm Bo Ronander stated that Swedish companies are ready to implement in Ukraine the projects on energy saving and building of enterprises for the production of renewed energy sources, in particular, biogas, and enterprises for the processing of household rubbish – Yellow-blue project. According to him, Sweden is ready to invest in these projects 20 billion euros within two years.   

Ambassador of Sweden to Ukraine Stephen Gullgren also declared that the Government of Sweden had approved the Strategy for supporting Ukraine in two directions – energy efficiency and environmental protection. According to him, within the framework of this Strategy, Sweden will grant 20 million euros to Ukraine aimed at supporting the private investors’ efforts.  At the same time the Ambassador of Sweden pointed out that transparent rules and the reliable legislative basis are important to efficiently attract foreign investments.

From her side Yulia Tymoshenko told that the Parliament of Ukraine had already passed in the first reading the bill aimed at the creation of a favorable investment climate for domestic and foreign investors. According to her, this bill provides a ten-year tax holiday for investors.

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