Tuesday, August 31, 2010

German investment is sought after in Ukraine, but will it listen?

Ukrainian President Viktor Yanukovych said during an official visit to Germany on Monday that he hoped to see an increase in German investment in his country.

The Ukrainian president told journalists in Berlin that Germany had invested some $6 billion in Ukraine's economy since the collapse of the Soviet Union in 1991, while investment in Russia was "ten times higher."
"It is very little for Ukraine, especially since Ukraine is closer to Germany geographically [than Russia]," he said.

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