The recovery of the Ukrainian economy opens up new prospects for private sector development. Even during a full-scale war, Ukraine has many attractive investment opportunities.
This was stated by UkraineInvest Strategic Advisor Kostiantyn Lisnychyi during his speech at the forum “Ukraine – The Herculean Task of Reconstruction”. He informed German companies about the system of investment incentives introduced by the Government of Ukraine, as well as the algorithm of actions for an investor who wants to invest in Ukraine now.
The German business community was also presented with priority areas for investment in Ukraine and successful examples of bilateral cooperation. In particular, the Vice President of Leoni AG, a major German cable manufacturer with 46 plants worldwide and a long-standing presence in the Lviv region of Ukraine, shared the positive experience of German companies in Ukraine.
The audience’s attention was drawn to the importance of establishing more economic partnerships between companies from Bavaria and Ukraine, especially in the following sectors:
– renewable energy sources
– the building materials industry
– spare parts for the automotive industry, which is the driving force behind the development of the Bavarian region.
Representatives of PwC, Euler Hermes and DZ Bank AG reported on new mechanisms for insuring military and political risks associated with export and investment activities of German companies in Ukraine.
Bavaria ranks seventh in the EU in terms of GDP (EUR 716.8bn in 2022), has the lowest unemployment rate in Germany at 3.1% (2022) and is home to around a quarter of the German companies listed on the DAX, including Adidas, Audi, BMW, Airbus, MAN and Siemens.
Follow us on Facebook, Twitter, LinkedIn, or YouTube.
