Foreign direct investment growth in Ukraine.

UkraineInvest has already received applications for almost $ 2 billion of investment, announced its CEO, Sergiy Tsivkach. In the first half of the year, foreign direct investments increased by $ 2.7 billion compared to the same period last year. This included investment in 9 projects in the Agro-processing sector valued at $534 million, 9 projects in the processing industry and production valued at $516 million, 5 projects in the logistics sector valued at $ 531 million, and an investment of

The government hopes to increase foreign investment from $420 million last year, to $3 billion this year, to $15 billion by 2025,

according to the National Economic Strategy 2030 posted last week on the government’s website. Other goals for 2030 are: double the economy; triple exports to $150 billion; nearly triple labor productivity; cut in half the state share in the banking system; cut the debt-to-GDP ratio to 30-40%; and increase the share of small and medium-sized businesses of exports to 40%.

“How Ukraine Lost it Investment Paradise,”

headlined an article in the National Interest that blames the nation’s plummeting foreign investment on “Ukrainian authorities [falling] into the same trap of keeping their system semi-reformed, leaving Ukraine in economic and social stagnation.” Noting that foreign direct investment fell from $4.5 billion in 2019 to $400 million last year, the authors charge: “Ukraine’s top echelon has been sliding back to corruption after short reboot attempts undertaken during fall 2019—winter 2020.” The piece was written by Oleksiy Honcharuk, Ukraine’s Prime

Capital investment by cross border investors in Ukraine decreased by $868 million last year, the first decline of Incoming Investment since 2015,

Bohdan Danylyshyn, Chairman of the National Bank of Ukraine wrote on Facebook. He said: “The key reasons for the low interest of foreign investors in the Ukrainian economy are the weak and underdeveloped domestic market, the ongoing military conflict with the Russian Federation, as well as the low level of legal protection of investments.”