The year 2003 brought significant positive changes in such an important segment of international economic relations as investment cooperation. This was noted by the head of the Volyn Regional State Administration, Anatoliy Frantsuz. The result of cooperation between economic entities of Volyn and business circles abroad was 32.9 million US dollars invested in 25 business structures. This figure is almost seven times higher than the volume of foreign capital investments attracted in previous years. About 70 percent of the currency and material assets received in the form of direct investments from abroad last year were directed to the development of such a knowledge-intensive industry as machine building. Another 22 percent of investment resources came to the woodworking industry and were used primarily for the construction of a modern high-tech enterprise UBRV Ts UkrainaF in the territory of priority development in the city of Novovolynsk, which specializes in furniture production. The rest of the capital investments are concentrated in facilities of the food, light and chemical industries, the agricultural sector, and the trade and services sphere. Geographically, the currency and material assets received in the economic complex of the region were distributed as follows: more than 72 percent comes from Great Britain, another 23 percent from the Republic of Poland, one and a half percent from Germany. The list of countries with which investment cooperation was carried out in 2003 includes Lithuania, Slovakia, Switzerland, the Netherlands, and the USA.