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Foreign investments rise in Odessa

By Interns. Published Aug. 7, 1997 at 1:00 am

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 ODESSA – Foreign investors poured $114 million into the Odessa Region last year, an increase of Popular
some $37 million over the 1995 total, National Bank of Ukraine Odessa branch Chairman Mikhail on social media
Azarov told the Odesskie Izvestiya newspaper Tuesday July 29.

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 The United States led the Odessa investment pack, with American investors pumping into the Honest History: Saying
Odessa economy some 23.6 percent of all 1996 overseas money. Norway, according to Azarov's ‘the Ukraine’ is more
statistics, contributed 9 percent of the total, most of which was apparently a portion of the estimated than a mistake  2549
$15 million lost by Oslo-based Norsk-Hydro in a failed development project in the Yuzhny phosphate
terminal. Ukraine celebrates Ivana
Kupala, and recreates
German investors contributed 7.3 percent of the total. Other foreign investment sources included ancient traditional rituals
Russia, Greece, Turkey, Britain, Korea, and China.  644

Overall, 471 Odessa businesses received foreign investment during 1996. The money went to most Poroshenko aide
sectors of the economy, with 87 companies in the trade and shipping industry receiving a lion's share Vashadze says corrupt
of about one in every four dollars invested by foreigners in the Odessa region last year. will be jailed  323

Thir Odessa food processing companies together received $10.26 million (9 percent of all foreign
investment in the region), while foreign investors provided $22 million to 40 machine building and metal working companies here,
Azarov

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