Germany has not stopped investing in Ukraine during the war; investment growth is expected.

Thursday, September 28, 2023
Germany has not stopped investing in Ukraine during the war; investment growth is expected.

Head of the German-Ukrainian Chamber of Commerce and Industry board, Reiner Perau, said that German investments in Ukraine after February 24, 2022 decreased slightly. In 2022, only a 20% drop was recorded. This year, positive dynamics have emerged. The main German investors during the war have been Kreisel Fixit and Bayer AG.

Perau added that the German Commission for Insurance of Investments Abroad received 50 project applications from various enterprises for investment in Ukraine. It is expected that this year will bring the first positive results.

Before the start of the war, there were about 2,500 German companies in Ukraine, employing almost 50,000 workers, and more than 4,000 companies with German capital were registered. Not a single German investor closed their business in Ukraine after February 24. According to Perau, today, depending on the industry, German enterprises in Ukraine are operating at about 70% of their pre-war levels.

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