International investment in Ukraine more than doubled in 2023
21 March 2024 00:44
International investment in Ukraine increased from $0.5 billion in 2022 to $1.2 billion in 2023.
This was announced by Natalia Shapoval, Head of the KSE Institute, during the first Ukraine Business Compact (UBC) Workshop, Kommersant ukrainskyi
with reference to Forbes.
Shapoval said that during the full-scale invasion, 43 global companies invested in Ukraine, including Bayer ($65 million), Carlsberg ($40 million) and CEMARK, part of the CRH group of companies ($30 million).
Another 12 companies announced investments in Ukraine, including Baykar, which produces Bayraktar TB2 drones. In September 2023, the Turkish company announced that it was ready to invest $100 million in a factory, service centre, and headquarters in Kyiv.
Also last year, CRH, the world’s leading manufacturer of building materials, signed a mandate letter with the European Bank for Reconstruction and Development to jointly acquire the assets of the Italian company Buzzi in Ukraine.
It is noted that foreign companies invest most in projects in the IT, defence, and agribusiness sectors.
Deputy Minister of Economy Volodymyr Kuzio said that Ukraine is currently developing mechanisms to support investors and mitigate investment risks.
The Ministry of Economy has identified five key sectors with investment opportunities worth $292 billion: energy, transport and logistics, agriculture, green metallurgy and critical materials. The priority of these sectors is that they make a significant contribution to Ukraine’s economy, have global growth potential, and need to replace destroyed facilities.
Ukraine’s GDP grew by 3.6% in the first two months of 2024 compared to the same period last year
