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 January 2020

    President Zelensky decrees visa free travel for UK citizens to Ukraine after Brexit

    With Brexit happening on 31st January and Britain leaving the EU, some UK citizens may have been concerned about the need for visas to travel to the Ukraine. However, a Decree by President Zelensky has orders visa free travel after Brexit for UK citizens.
  • 2 October 2019

    Ukrainian President supports Carpathian tourism development

    Ukrainian President backs investment in Carpathian ski resort At the recent European strategy conference held in Kiev, Ukrainian president Volodymyr Zelensky said that the new megaproject in Slavske could help turn the cup Asians into Eastern Europe’s Al
  • 29 August 2019

    Forget Paris. Visit Kiev

    Tourism in Paris and in France is declining, due to civil disturbance and terrorism. Hotel tracking companies have reported occupancy declines of as much as much as 7% in Paris since November 2018. But for the traveller looking to visit an historic capit