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Ukraine and Luxembourg
03 May 2021 20:02

According to the State Statistics Service of Ukraine, in 2020, exports of Ukrainian goods to Luxembourg decreased by 13.7% compared to 2019 and amounted to 17.4 million USD. Imports of goods from Luxembourg decreased by 67.8% and amounted to 17.1 million USD. The positive balance of bilateral trade in goods in 2020 amounted to 0.3 million USD.

According to the results of 2020, the export of Ukrainian services to Luxembourg increased by 83.2% compared to 2019 and amounted to 27.5 million USD. Imports of services from Luxembourg decreased by 31.2% and amounted to 66.7 million USD. The negative balance of bilateral trade in services in 2020 amounted to 39.2 million USD.

The total volume of bilateral trade between Ukraine and Luxembourg in 2020 amounted to 54.7 million USD.

The main export goods are seeds and fruits of oilseeds; inorganic chemical products; tanning extracts; nuclear reactors, boilers, machinery; salt; sulfur; Earth and stones; wood and products made from it; plastics, polymer materials; ferrous metals; cotton wool; mineral fuels; oil and its distillation products. The main imported goods are paper and cardboard; rubber, rubber; ferrous metal products; nuclear reactors, boilers, machinery; plastics, polymer materials; ferrous metals; tools, knife products; other base metal products; optical and photographic devices and apparatuses; tanning extracts; cotton wool; essential oils; electric machines.

According to the State Statistics Service of Ukraine, as of 30.09.2020, Luxembourg investments in the Ukrainian economy amounted to 1,18 billion USD.

About 100 enterprises with Luxembourg investments are registered in Ukraine. These investments are involved, in particular, in industry, wholesale and retail trade, construction, and transport.

Exporters and Investors Council (EIC) under the Ministry of Foreign Affairs of Ukraine was established in 2013 in order to safeguard national interests in Ukrainian export promotion and attraction of foreign investments to Ukraine.

EIC is a platform, which unites Ukrainian producers, exporters and leading business associations providing necessary support in promoting their goods and services abroad and entering new markets, as well as attracting foreign investors and companies to Ukraine effectively using diplomatic tools, resources and networks.

The Head of the Council is the Minister for Foreign Affairs of Ukraine.

 More information - https://rei.mfa.gov.ua/en

Presentations of the regions of Ukraine

Overview of the regions


Investment opportunities in the regions of Ukraine

Interactive Map of Ukraine (Invest.ua)

Business and investment opportunities in Ukraine by regions

Ukraine has got its official website Ukraine.ua. With this modern digital platform, we want to tell a creative and inspiring story about Ukraine for the foreign visitors. Here everyone can get their first impression of the country and make a decision to come here to study, invest or travel.

Ukraine has a unique history, rich culture and diverse landscape. It is creative, dynamic and innovative country. A country of freedom and dignity. A place where a thousand-year history and ambitious visions of the future meet. Ukraine will definitely exceed your expectations.

UKRAINE.UA visitors will enjoy its lightly written and witty texts, as well as lots of beautiful and high-quality images of Ukraine, showing its diverse nature, old castles, mountains, vibrant cities and more. Millions of people over the globe will now be able to get acquainted and fall in love with Ukraine at first sight.

Be the first one to discover Ukraine! The COVID-19 pandemic times will be over one day. This will be the day to visit Ukraine and enjoy all it has to give. For now, get an online taste of it at our new online portal, UKRAINE.UA.

While being the largest country within Europe, Ukraine enjoys the benefits of location at the crossroads of major transportation routes between Europe, Asia and the Middle East.

Ukraine is a world level player in a number of industries, including agriculture, developed energy, metallurgy, chemicals, manufacturing, IT and high-tech sector. It is home to a number of global firms that began as successful startups (Grammarly, Depositphotos, MacPaw, Petcube and others). Many global companies have also established major R&D facilities in Ukraine, including Oracle, Ring, Siemens, Cisco and Samsung.

Ukraine is ranked 64th in the World Bank Ease of Doing Business 2020’s ranking , rising 88 positions since 2012. Being the most cost-efficient manufacturing platform in Europe and having 18 free trade agreements with 48 countries we have a lot to offer to investors.

On 13 February 2021 the Law of Ukraine No. 1116 “On State Support for Investment Projects with Significant Investments in Ukraine” (so-called Law on Investment Nannies) entered into force introducing a comprehensive legislative framework aimed at attracting large investments to the economy of Ukraine. According to this Law and respective amendments to the Tax and Customs Codes of Ukraine (effective as of 28 March 2021), a package of special investment incentives became available for investment projects meeting certain criteria.

In terms of looking for the information and best opportunities to invest in Ukraine, this information may be useful:

Ukraine’s export potential ( .pdf , 2.12 Мб )

Law on state support of investments ( .pdf , 659.73 Кб )

Official website of Ukraine

https://ukraine.ua/

UkraineInvest

https://ukraineinvest.gov.ua/

Export Promotion Office of Ukraine

https://epo.org.ua/en/

Office of the National Investment Council of Ukraine

http://www.nicouncil.org.ua/en/

Ministry for Development of Economy, Trade and Agriculture of Ukraine

https://www.me.gov.ua/?lang=en-GB

State Service of Ukraine on Food Safety and Consumer Protection

https://dpss.gov.ua/en

ProZorro Public Procurement system

https://prozorro.gov.ua/en

To make a specific request, please, contact Economic and Trade Office of the Embassy by e-mail: timur.baudarbekov@mfa.gov.ua

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