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Modern economic POTENTIAL OF UKRAINE |
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Investment portrait of the city of KievIndustryThe volumes of industrial output in the city of Kiev increased by 15.4% in 2005 against the level from 2004. This index exceeded the calculated figure by 7.4% and is higher than Ukraine’s average (3.1%). Industrial production in Kiev expanded 2.7 times over the total growth in 1997-2005, while the rate of growth in Ukraine was 180%. There were positive trends in all districts of the city except for Pechersk district (98.3%) and in all industries, except for the light industry (91.4%) as well as the generation and distribution of electric energy, gas, and water (97.5%). The highest rates of industrial output accretion in 2005 were achieved by companies producing end output: machine building (33%), production of other non-metallic articles (19%), chemical industry and petrochemicals’ production (17.6%), and food industry (15.6%). The volumes of production expanded at 53.5% of the total number of industrial enterprises (52.0% in 2004), while 43.2% of enterprises decreased their production rates (43.5% in 2004). An increase in production volumes in 2005 was accompanied by growth of industrial output sale volumes up to UAH 18.7 bn. It was UAH 7,056 per capita (correspondingly UAH 15.7 bn and UAH 5,966.5 in 2004). The output of food industry (23.9%), machine building (18.1%), chemical and petrochemical industry (13.6%), and production of electric energy, gas, and water (12.4%) led the way in terms of sales volumes. The increase in economic growth innovation was an important attribute of positive qualitative shifts in the production sphere’s buildup. The number of active innovation industrial companies increased in 2005. The share of sold innovation output exceeded 16% of the total sold production (14% in 2004). Enterprises of the city put 581 new technological processes into production including 292 low-waste and resource saving technologies, 833 new products were mastered, in particular 98 new kinds of machinery. InvestmentsKiev has been a stable leader in Ukraine’s investment activities over the last several years and has the highest rating of investment attractiveness among Ukrainian regions. The volume of capital investments constituted UAH 2.0 bn in 2005, a fifth of Ukraine’s entire volume. Investments in fixed assets have the largest share (85%) in the pattern of capital investments. Their volume amounts to UAH 16,976.5 mn and is more than the figures of 2004 by 8.5%. The total volume of foreign investments drawn to the economy of Kiev is more than USD 3.3 mn and reaches USD 1,282.1 per capita. The Kiev municipal state administration conducts activities on organizing investment competitions to construct objects, which are attractive to private investors from a commercial point of view (comfortable dwelling houses, trade and office premises, shopping malls, hotels, parkings, sport centers, leisure zones, etc.). Foreign economic activitiesThe volume of foreign trade with goods by enterprises and companies in Kiev constituted USD 16,027.07 mn from January to November 2005. Export volumes increased by 5.15% (USD 3,991.7 mn) and import expanded 2.1 times (USD 12,035.37 mn) compared with the corresponding period of 2004. Business entities in the city maintained foreign economic relations with 169 countries of the world. Meanwhile, the share of foreign trade with Russia constituted 25.14% (USD 4,029.55 mn) of the foreign trade turnover including 22.74% of the general export (USD 907.8 mn) and 25.94% of import (USD 3,121.74 mn). The largest export deliveries to Europe were destined for Germany (8.20% of the total export, USD 327.21 mn), Spain (4.43% or USD 176.44 mn), Switzerland (3.86% or USD 153.99 mn), Italy (3.28% or USD 130.99 mn), the Netherlands (3.25% or USD 129.77 mn), and Moldova (2.95% or USD 117.62 mn). The most significant export shipments to Asian region were destined for Saudi Arabia (4.96% of the total export or USD 198.13 mn), China (3.38% or USD 134.92 mn), Iran (2.67% or USD 106.69 mn), Turkey (2.13% or USD 84.93 mn), and Israel (1.96% or USD 78.23 mn). The following African states exported the largest lots of Kiev output: Algeria (2.03% or USD 81.01 mn), Egypt (1.77% or USD 70.45 mn), Tunisia (1.76% or USD 70.19 mn), and Morocco (0.88% or USD 34.98 mn). The largest share of Kiev exports to American states went to the USA (2.68% or USD 107.05 mn). The following commodity groups have the largest share in exports:
It should be noted that the export of mineral products and phytogenic output over January-November 2005 increased 5.7 times and 1.8 times respectively compared with the corresponding period of the previous year. The major portion of imported goods were supplied by Turkmenistan (17.96% of the total import or USD 2,160.98 mn), Germany (10.85% or USD 1,306.12 mn), Sweden (2.85% or USD 342.83 mn), Republic of Belarus (2.70% or USD 324.56 mn), Italy (2.69% or USD 323.64 mn), France (2.58% or USD 310.47 mn), and Poland (2.43% or USD 292.16 mn). The largest import shipments from Asia originated from China (3.47% or USD 417.95 mn), Japan (2.31% or USD 278.61 mn), Korea (1.27% or USD 153.41 mn), Turkey (1.19% or USD 142.87 mn), and Israel (0.85% or USD 102.37 mn). The main suppliers from the American continent were the USA (1.86% or USD 224.40 mn) and Brazil (0.92% or USD 110.99 mn). The following commodity groups were the main import staples:
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