Dinamic Economy

Dynamic economy

Stably developing economy, revival and reorganization of competitive manufactures, as well as full use of possibilities of Sevastopol are not realizable without capital investments.

As of 10/1/2010 year the total amount of direct foreign investments into the city-region has made about 162 million US dollars, the growth of foreign investments corresponds to 101,8 % that makes 427,6 US dollars in recalculation on one city dweller. The vested interests of Sevastopol make 0,4 % from all foreign investments involved to Ukraine, it foots up to 40,4 billion US dollars.

The total investments have been carried out into the region by 29 countries. The major of them are:

• Cyprus 84,0 million US dollars (52,4 %);

•Russia 32,6 million US dollars (20,3 %);

• Switzerland 5,9 million US dollars (3,7 %);

• Seychelles 5,5 million US dollars (3,4 %);

• The British Virgin Islands 3,3 million US dollars (2,1 %);

• Islands of Panama 3,3 million US dollars (2,1 %).

The Sevastopol region constantly extends foreign economic relations with other countries. It is considered to be an important factor of local economic development.

Export growth results from the foreign trade with other countries (more than 100). Mainly Sevastopol exports mechanical and electric equipment, various mechanisms and details, devices for reproduction and recording of sounds and images, primary goods, agricultural commodities.

Creation of a competitive investment product, business climate betterment , attraction of some new investors are the priority measures of Sevastopol authorities in economic sphere.