Investment in the Region
Zaporizhzhya is one the most favorable investment regions in Ukraine. Regional authorities gave launched a long-term program to attract investors. Some of the results can be observed already including world class data bank of innovative investment projects. The efforts on improving investment climate in the region have already started to pay off. Direct investments in the region now exceed $220 million with capital originating from 41 countries (total or just one year), which puts Zaporizhzha on third place among Ukrainian regions after Kyiv and Kyiv region. The direct foreign credits amount to about $100 million. The most sound project is the joint venture between Korean company "Daewoo Corporation" and Ukrainian JSC "AvtoZAZ" producing passenger automobiles. The investment contract, signed in March 1998, provides the investments from the Korean partner of $1,3 billion. "Daewoo Corp" has already invested $165 million.