Turkish investment in Ukraine is growing annually by $200-$300M.

Despite the war, almost all Turkish companies continue their work in Ukraine, keeping their existing investments and increasing the number of new ones, said Burak Pehlivan, the chairman of the International Turkish Ukrainian Business Association.

According to him, five years before the war, Turkey became the No. 1 investor in Ukraine and is among the top three foreign investors for all the years of the Ukrainian state’s independence. Today, the total amount of Turkish investment in Ukraine amounts to more than $4.5B.

“Of course, after February 24, 2022, it became difficult for Turkish investors to do business due to difficult and unpredictable conditions. However, Turkish companies continue to invest in Ukraine, despite that,” says Pehlivan.

He added opening the land market in Ukraine and allowing foreigners to buy large plots of land will accelerate the inflow of Turkish investment.