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March 26 2002, 12:15 Interfax-Ukraine

Foodstuffs industry is appealing to foreign investors

Interfax Ukraina reported quoting Western NIS Enterprise Fund President Natalia Yaresko, that the said fund views foodstuffs and lumber industries the most attractive for foreign investment.

The fund is planning to invest in the above-mentioned industries this year.

According to the President Yaresko, WNISEF's investment portfolio is broken down as follows: 42% foodstuffs projects, 14.7% - lumber projects, 12.9% - financial institutions, 11.5% - farming operations. Hi-tech companies enjoy only 3.8%.

WNISEF's targets are small and mid companies of Ukraine and Moldova. Since the beginning of its activity the fund invested in 24 companies around US $77 mn.

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