Ukraine and Cyprus Deepen Economic Partnership: State Property Fund Expands Dialogue with International Business
At the invitation of the President of the Cyprus Chamber of Commerce and Industry, Stavros Stavrou, Head of the State Property Fund of Ukraine Dmytro Natalukha paid a working visit to the Republic of Cyprus.
Cyprus has historically remained the largest source of accumulated foreign direct investment in Ukraine. However, as the Head of the State Property Fund noted, "We are interested in seeing not only round-tripping investments continue, but also a growing flow of new Cypriot capital into our economy. Privatization has the potential to become an attractive channel for both sides to facilitate this flow."
During the meeting, the parties discussed prospects for expanding economic cooperation between Ukraine and Cyprus, the possible involvement of the Cyprus Chamber of Commerce and Industry in regularly disseminating information on Ukrainian investment assets among its members, as well as opportunities to engage Cypriot businesses in the privatization of state assets and future investment projects in Ukraine.
Particular attention was given to presenting Ukraine's investment opportunities, including commercial real estate assets and properties located in port and industrial zones that could serve as the foundation for new international investment projects. The Head of the State Property Fund also presented the large-scale "Land Bank" project, which enables businesses to obtain long-term sublease rights to substantial areas of state-owned agricultural land through transparent online auctions.
"Our objective is to ensure that Ukraine's investment opportunities are known not only to international financial institutions but also to business communities around the world. Direct dialogue with potential investors creates new opportunities for privatization, economic recovery, and attracting capital to Ukraine," Dmytro Natalukha emphasized.
Following the meeting with the leadership of the Cyprus Chamber of Commerce and Industry, the Head of the State Property Fund continued his visit with a series of bilateral meetings with Cypriot companies, some of which have been operating in the Ukrainian market for decades.
The State Property Fund of Ukraine continues to systematically promote Ukraine to new international investors while creating opportunities for existing investors to expand their presence, transforming state assets into new drivers of economic growth.