Ministry of Foreign Affairs of Ukraine

Kyiv 21:57

Ivano-Frankivs’k Region

The harmonious fir-trees rise in the sky by green wall. The sweet-scented grass covers a mountain valley by colourful carpet. Wherever you glance over the forest greens everywhere, the Blue Mountains tower over, and between them the rapid rivers and streams discharge it pure waters to the Prut River and further to the wide reaches of the Dnister River.

But Ivano-Frankivs’k Region is not only a beauty. Here there are highly developed agriculture and forestry, electric power industry, fuel, chemical and petrochemical, machine-building and metal-working, woodworking, light and food branches of the industry. Here more than 7100 enterprises and 38 500 registered businessmen successfully work. The highly developed market infrastructure assists to this process. It includes 42 bank institutions, 45 credit associations, Regional Fund of Entrepreneurship Support, 74 insurance organizations, 5 stock exchanges, Investment Company and two investment funds, seven dealers by securities, Ivano-Frankivs’k Chamber of Commerce and Industry, seven consulting and 26 auditing firms, Regional Agency of Economic Development and Agency of Foreign Investments Assistance. The six trading houses function in the infrastructure of the agroindustrial complex, as well as branch of the Leasing Company "Ukragroleasing", 94 food-vegetable markets and 158 servicing cooperative societies. The practice of successfully functioning five business-centers spreads on every city and district of the region today. The enterprise registration chambers “One Window” have been established at majority of them.

For many centuries the highly developed industrial, forest and agricultural base, economic and business experience of local population were reliable basis for the further economic growth. Only in 2002 the plant of linoleum with annual productivity of 5 million sq.m, four oil and one gas wells, automatic gas-filling compressor station, 11 gas stations, 1,8 km of trolleybus lines, 10 km of lines of electricity transmissions and gas pipelines each, 204 km of networks of gas-supplying, 17 km of oil products pipeline, 7 km of motor-roads, six bridges and bridge crossings were put into service.

From the objects of social sphere, the regional state administration pays the special attention to it construction, the section of building of the Law Faculty of the Prykarpattia University was put into service as well as audience of the commercial college, five rural schools for 1000 pupil places and 1366 dwelling-houses for 1858 apartments, including 82% was constructed by private builders.

The construction of 12 schools, 6 objects in hospitals and sanatoriums and modern trading complexes in the regional center is being lasted. For the first quarter of 2003 the enterprises and organizations mastered 131 million hryvna of investments in the fixed assets. Thus the enterprises and population of the region are the most investors.

Among the main problems of the region there is high comparative unemployment rate - 4.7%. For its decline the regional state administration directs regional economic policy to creation of favourable conditions for activity of enterprises, their technological update and financial restructuring, creation of working places and development of competition. For development of small business it is foreseen to allocate more than 1,1 million hryvna from the regional budget in 2003. Due to the comprehensive assistance of local authorities the number of small enterprises has been increased by 2.9% in 2002 as well as registered businessmen by 14.2%. The project on revival of the Linzhykarske weaving at more high artistic level in Kosivskiy District is under development.

The purposeful work gives the positive results. The industrial production of the region is  growing fourth year in succession. In January-April, 2003 the volumes of output of industrial production exceeded by 25.2% the level of the same period of previous year and made 1085.2 million hryvna; the output of commodities of public consumption has been increased by 21%.

The growth of 47.7% has been achieved in the chemical and petrochemical industry due to performed initiatives and under direct guidance of the regional state administration investment directed restructuring of the JSC "Oriana". For the short term the foreign and national investors were attracted and the new companies by different directions of activity were established. In January-April, 2003 the production volumes of the JSC "Lukor" exceeded the  volumes of the same period of previous year by almost half. The Subsidiary "Orisil-Kalush" of the LLC "Orisil" increased the production twice as well as the LLC "Magniy" by 20%. The Joint Venture "Vinisin" after put into operation of new capacities on production of linoleum increased the output by one and a half times. The JSC "Korsnas-Oriana-Ukraine" produced the packaging materials to the amount of 9.5 million hryvna in 2002. The activity of such companies as Magniy and Factory of Carbidic Resins is being regulated. In 2002 the enterprises, established on the base of property complex of the JSC "Oriana", sold the production to the amount of 524.6 million hryvna and that is over twice bigger than in 1999.

After the conducted financial reconstructing the output of production of another strategically important enterprise of the chemical industry – the LLC "Barva', which produces dyes and auxiliary substances for textile industry, has been increased.

With the purpose of attraction of partners to economic cooperation, the regional state administration provides advantage and comprehensive assistance to those, which will develop innovation projects on introduction of advanced technologies. Due to this approach the large productions of woodworking, chemical and petrochemical, light branches of the industry were reconstructed. Today the trade marks of following companies as Lukor, Interplyt, Tykaferlyuks and Vinisin became the well-known beyond Ukrainian boundaries and make great payment in the increase of investment attractiveness of the region.

The Joint Venture "Interplyt" became the leader of the Ukrainian woodworking industry and supplies the wide assortment of high-quality laminboards and wood-shaving boards, which meet the hygienical class Е1 to the national market and  19 countries of the world. The volume of its sold production has been increased from 5,8 million hryvna in 1998 to 134.4 million hryvna in 2002.

The LLC "Uniplyt" increases the production of wood fibre boards and their export. The Joint Venture "Promin-Galychyna", not limited by production of high-quality furniture of modern design, which successfully competes with foreign, in cooperation with foreign investor introduces the import line on output of woodworking wares. The furniture of high quality is produced by the Joint Venture "Komeks" as well as high-quality furniture for educational establishments by the Kolomiya Experimental Factory "Prut".

The enterprises on production of wood and wood wares in January-April, 2003 made the production by 30.7% bigger than for the same period of last year. The volumes of sawing and dub productions have been increased by 17.6% as well as output of saw-timbers by 34.7%, wood fibre and wood shaving boards by 24.5 and 28.5%, glued plywood by 8.1 times.

The Factory "Kuvert-Ukraine", jointly established with participation of the Concern "Mauer-Kuvert-Network", became the biggest producer of envelopes in Ukraine.

The output of production of enterprises of light industry by results of January-April, 2003 has been increased by 27.5%, including textile by 59.8%, production of ready-made clothes and fur by 17.3% and leather by 21.0%.

The production of goods of stock-raising in the region is concentrated in the individual companies, which breed from 90 to 99% of total number of livestock of different  cattle. At the same time the good results were provided by investments in reconstruction on new technological base of large stock-raising complexes. One of them is the LLC "Rosan-Agro", which sold the stock-raising and food products to the amount of 5.1 million hryvna in 2002.

By participation of investors from 34 countries of the world more than 400 joint ventures have been established in the region. The volume of direct foreign investments in the regional economy has been increased by more than one and a half times in 2002 and made USD 75.8 million. The foreign companies invested the most capital in industrial enterprises (85.2%), including  light industry – 33.1%, production of wood and wood wares – 18.8%, extractive – 13.9% and cellulose-paper – 9.2%.

Due to the increase of economic potential and competitiveness of the region in the first quarter of 2003 the volume of commodities export exceeded the  volume by comparison with the same period of last year by 2.2 times and it is twice bigger than the import.

The unique recreation resources of the region provide great possibilities for development of tourism and sanatorium-resort making healthy. The following resorts as Yaremche, Tatariv, Sheshory, Vorokhta and Cherche are well-known in Ukraine for a long time. For providing of tourist industry with highly skilled specialists the Prykarpattia University named after Vasyl Stefanyk opened the Institute of Tourism. In mountains, pre-mountains and Dnister villages it is possible to acquaint itself with language, songs, way of life and traditions of Ukrainians from Opillia, Pokuttia, Gutsulshchyna and Boykivshchyna. The inheritors of legendary Opryshky, lived by leadership of Oleksa Dovbush, Marusyak, Boychuk, Bayurak, Shtola and Gryts Vartsaba, live and work on this land.

Welcome to Ivano-Frankivs’k Region! Here you will find friends and business partners, will be enriched with new unforgettable impressions, improve your health, take force and enthusiasm to life, labour and creation. The land, which brought up Stepan Bandera, Roman Ivanychuk and Stepan Pushyka, is always glad to meet guests and all, who comes with sincere intentions here.

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