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Ukraine aims to raise $12.5bn of investments in 2011

      RBC, 02.02.2011, Kiev 16:37:56.Ukraine plans to raise about $12.5 bn in investments in 2011, Prime Minister Nikolai Azarov said at cabinet meeting today. The investment will secure a GDP growth by additional 1.5-2.5 percent, he added.

      The government's support should encourage private investments, Azarov said, noting that the primary source of financing modernization was companies' own and borrowed funds, including bank loans and funds disbursed by international financial organizations.

      Meanwhile, Economic Development and Trade Minister Andrey Klyuyev indicated that the government approved 163 investment projects worth a total of $46.6bn today.

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