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Over the past 2 years, some 26.5 billion UAH of capital investment and 420 million USD of foreign direct investment (FDI) were infused in Crimean economy. This announcement was made by Svetlana Verba, Minister of Economic Development and Trade of Autonomous Republic of Crimea, the Information-Analytical Bulletin of the Cabinet of Ministers of Ukraine informs.
"Over the past two years, the Crimea did a lot to create the European conditions for investors. Business sees this work and responds accordingly. Due to trusted investment policy of the Crimean executive power, the Crimea today is a region with low risks and profitable for investment," Verba said.
Experts say Crimea is currently implementing 87 investment projects for 11.7 billion USD, as well as 57 technical aid projects.
As of January 2013, the total volume of foreign direct investments attracted in the economy from 49 countries amounted to 1.464 billion USD. During 2010-2012, the total FDI in the economy was doubled. In particular, in 2012, the volume of foreign capital was increased by 24.4% (343.4 million USD). Per capita, in 2013, compared to early 2012, the FDI grew by 151.9 USD to 748.6 USD.
Among the sectors of regional economy, the fuel-energy complex leads in terms of foreign and domestic investment. Total capital investment last year amounted to 17.5 billion UAH, including 9.3 billion UAH invested in development of mining industry and 1.8 billion UAH invested in the energy sector. Also, construction of sulfuric acid production complex (PJSC Krymsky TITAN) was completed at a total cost of 111.9 million USD.