Latvia’s logistical capabilities and Ukraine’s production capacities can be a prerequisite for quickly attracting investment capital

Latvia’s logistical capabilities and Ukraine’s production capacities can be a prerequisite for quickly attracting investment capital

Ukraine offers a wide range of attractive sectors for bilateral cooperation: significant land resources, developed agro-industrial and processing complexes, energy and energy efficiency, mining, engineering, shipbuilding, infrastructure and logistics. There are also significant opportunities in construction and the development of innovative technologies. 

This was stated by Nazarii Volianskyi, Head of International Relations and Communications at UkraineInvest, during a meeting with representatives of the Latvian government and business.

The purpose of the delegation’s visit to Ukraine was to establish direct bilateral cooperation. The parties discussed ways to increase the volume of Latvian investments and create comfortable working conditions for businesses, as well as to promote Ukraine’s investment potential. 

“UkraineInvest, for its part, will provide comprehensive support, including reliable and up-to-date information, advice on doing business in Ukraine, identifying optimal investment opportunities, facilitating communication between investors and government agencies at all levels, as well as assistance in solving systemic problems that investors may face,” Nazarii Volianskyi assured.

He thanked the Latvian delegation for supporting Ukraine in its struggle against the russian aggressor and on the path of Euro-Atlantic processes.

The Latvian business community is helping Ukrainian companies to build logistics, enter global markets and establish new partnerships. More than 1.2% of Latvia’s GDP is allocated to support Ukraine. It is one of the few countries with which trade turnover increased in 2022 (+7.4%).

The event was attended by representatives of 100 Ukrainian companies and 30 Latvian companies from the following industries

  • telecommunications; 
  • IT;
  • scientific activities;
  • technical activities.

The event was organised by the CCI of Ukraine in cooperation with the Embassy of the Republic of Latvia and the Latvian Investment Development Agency in Ukraine.

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