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Revealed: Foreign investment levels into Ukraine

Photo from tenge.me

Foreign investment into Ukraine’s economy hit $ 3.76 billion last year, with a third heading into manufacturing enterprises.

According to the Ministry of Economic Development and Trade of Ukraine‘s website, the second largest tranche – 27.3 percent – invested in the finance and insurance sectors.

Total investment since the beginning of the investment since the country’s independence – as of December 31, 2015 stands at $43.37 billion.

The top ten investing countries were Cyprus ($ 11.7 billion); The Netherlands ($ 5.6 billion); Germany ($ 5.4 billion); Russia ($ 3.3 billion); Austria ($ 2.4 billion); United Kingdom ($ 1.85 billion); Virgin Islands ( $ 1.7 billion); France ($ 1.5 billion); Switzerland ($ 1.3 billion) and Italy ($ 972 million).

Minister of Economic Development Aivaras Abromavicius said Ukraine expects to raise up to $5 billion in 2016.

The top receiving regions for foreign direct investment (FDI) was Dnipropetrovsk, Donetsk, Kharkiv, Kyiv, Luhansk, Lviv, Odessa, Zaporozhye, Poltava and Ivano-Frankivsk.

The Ministry of Economic Development said investment distribution, while not equal, helped strengthen the development gap between regions. But, overall, Ukraine remained an attractive and sufficiently integrated area in the global economy, it added.

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