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Ukraine okays $25bn worth of investment projects

      RBC, 26.01.2011, Moscow 14:50:38.The Ukrainian government has approved 125 strategic investment projects totaling $25bn, Prime Minister Nikolay Azarov said at a government meeting today. It also approved 714 economic and social investment projects worth a total of $115bn, Azarov added. According to him, the Ukrainian government expects to raise funds from international, European and Russian financial institutions and foreign private investors to finance part of these projects.

      Among the strategic projects he named development of offshore oil and gas fields and production of aircraft and aircraft engines. Other priority projects include introduction of energy efficient technologies at steelmakers Zaporozhstal and Donetsk Metal Plant and production of GLONASS and GPS devices, Azarov added.

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