News

30 June 2017

New $150 million fund investing in small businesses in Moldova and Ukraine

A joint venture between European and American finance organisations are set to inject a total of $150 million in funding to small and medium sized businesses in Ukraine and Moldova.

The fund, known as Emerging Europe Growth Fund |||, will be managed by Horizon Capital and comprises of Western NIS Enterprise, International Finance Corporation, The Overseas Private Investment Corporation and the European Bank for Reconstruction and Development.

The primary focus of the fund will be small to medium business that focus on exportation. It was noted that exports of Ukrainian products to Europe jumped nearly 25 percent in the first quarter of 2017 to $4 billion according to published data from Ukraine's Ministry of Trade and Development. Europe is the number one destination for Ukrainian made products.

CEO Jaroslawa Johnson of Western NIS Enterprise who are investing $30 million into the fund, stated that the primary targets for investment by the fund would be IT, light manufacturing, food and agriculture.

Ukraine's has long been regarded as having some of the most fertile farmland in Europe which still remains relatively undeveloped in comparison to its western counterparts.

Johnson stated that "the strategy is compelling from our perspective, seeking to capitalise on a surge in exports to the EU and other countries, investing in companies that derive a large part of their revenues in hard currency from foreign markets".

Fund managers Horizon Capital is well experienced in Ukraine and are already managing $700 million worth of investment.

  • 30 June 2023

    Escape to Tranquility: Exploring the Idyllic Countryside Gems South of Kyiv

    Just a stone's throw away from the bustling city of Kyiv lies a world of tranquillity and natural beauty. Many homes we offer for sale are located in this area yet few know how much the region has to offer! The countryside region to the south of Kyiv off
  • 14 April 2023

    When are property taxes due in Ukraine?

    In Ukraine, property land taxes are a type of tax that is assessed on real estate properties, including land plots, buildings, and structures. These taxes are levied by local governments, which have the authority to set their own tax rates and payment sch
  • 14 April 2023

    Can foreigners own real estate in Ukraine?

    Yes, non-Ukrainian citizens are allowed to buy and own real estate in Ukraine. The Ukrainian Constitution guarantees equal rights and freedoms for all people, including the right to own property, regardless of their citizenship or place of residence. For