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From risk to returns

Kiev's south bridge at sunset. Photo: Shutterstock

Ukraine’s pro-business government has laid the groundwork for an uptick in foreign direct investment

Until recently, Ukraine was perceived in many quarters as something of a risky bet. But a concerted drive by the government to facilitate investment has seen a slew of foreign companies enter the country. “In our first year, we focused on helping businesses,” says Daniel Bilak, director of the government’s investment promotion agency, UkraineInvest, which was set up in 2016. “We managed to unlock over $700 million of investment from existing investors. We are now shepherding many of them through new investments. In the last six months, there have been a number of global companies making investments of between €500 million and €1 billion who are considering Ukraine along with Poland, Hungary, Slovakia, Romania, Bulgaria and Serbia.”

A number of global companies making investments of €500 million - €1 billion are considering Ukraine

Daniel Bilak

Director, UkraineInvest

For companies and leaders in the West, ignoring Ukraine is a wasted opportunity

Lenna Koszarny

Founding Partner and CEO, Horizon Capital

A focus on transparency and the rule of law has enabled projects to be green-lighted by shareholders, and the country’s enormous potential is slowly beginning to open up. “Ukraine is rich in new opportunities,” said Prime Minister Volodymyr Groysman, pointing to the automobile components, agricultural and energy sectors as low-hanging fruit.

Further up the value chain, a burgeoning IT sector has gone beyond simply outsourcing with the country now boasting the largest IT engineering force in the CEE. “Snapchat had a big development branch in Ukraine. Construction bureau Antonov is known for the world’s biggest Mriya aircraft,” said Prime Minister Groysman. “This is the new Ukraine.”


Skilled human capital

Ranked the world’s fourth most educated nation, Ukraine boasts over 2.5 million university students

Proximity to key markets

At the intersection of European and Asian trade routes, Ukraine borders four EU countries.

Free trade and European integration

Through the EU DCFTA, Ukraine has access to the 500-million-strong European Single Market.

Business-friendly environment

Ukraine’s pro-Western government is focused on implementing reforms and strengthening national security and institutions.

Export-oriented infrastructure

Ukraine has 170,000km of highways, 22,000km of railways, 13 seaports and several international passenger airports.
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