Dnipropetrovsk region delegation continues its work at MSV 2019 – International Engineering Fair in the Czech Republic

The delegation of Dnipropetrovsk region started its acquaintance with the South Moravian region and its business environment with working meetings with the secretary of Brno City Hall Pavlo Loutotskyi and Hetman of South Moravian region Bohumil Shimek.

Dnipropetrovsk business delegation, headed by Glib Prygunov, Chairman of the Regional Council, included: Valentyna Zatyshniak, Director of the Dnipropetrovsk Investment Agency (DIA); Vitalii Zhmurenko, President of Dnipropetrovsk Chamber of Commerce and Industry and representatives of 10 enterprises of the region.

The main topics of the meetings were presentation of Dnipropetrovsk region economic potential and identification of interregional cooperation prospects.

The parties expressed interest in deepening bilateral economic relations, emphasizing the significant potential of trade and economic cooperation.

“In the first half of 2019, the total trade turnover of Dnipropetrovsk region and the Czech Republic amounted to $ 173.9 mln. The region accounted for about 16% of the total trade turnover of Ukraine with the Czech Republic. During this period, $ 22,6 mln of foreign direct investment were attracted to  the region’s economy from the Czech Republic (0.6% of the total investment in the region). Nearly 17 enterprises are registered in the region, in which investments were made from the Czech Republic, among them: Ekotehnik Shyroke, Nikol Industry, EUTIT-UA, “Sweetondale ” LTD etc. The great potential of economic cooperation between our regions has not been exhausted. As we can  see the trend towards growth of foreign trade relations creates new prerequisites for increasing Czech investments in the economy of Ukraine and Dnipropetrovsk region in particular,” – said Valentyna Zatyshniak, Director of DIA.

During the meeting Czech colleagues were presented with the updated “Investment Guide”, which covers the investment climate of Dnipropetrovsk region, analysis of the economic structure and priority areas for investment.

As a result of the meeting, the agreement on further cooperation in the field of vocational training of young people and students was reached, because the economic profile of  both South Moravian and Dnipropetrovsk regions have common features and are aimed at the development of mechanical engineering and processing industry.