Capital investments in Ukraine up by two-thirds since 2016

Ukraine’s ministry of economic development and trade has announced that capital investment into the Ukrainian economy rose by 67.7 per cent between 2016 and 2018.

“The largest contribution to the capital investment growth was provided by the industrial sector. In the fourth quarter of 2018, capital investments in coke production and oil refining made up 62.3 per cent compared to the same quarter of 2017. Rapid growth was also recorded in the wholesale and retail trade,” said deputy prime minister Stepan Kubiv.

According to Mr Kubiv, capital investments in the country’s retail trade more than tripled in the last quarter of 2018. The highest share of investments were placed into the information technology sector that saw a 41.9 per cent increase in 2017, mostly resulting from the introduction of 4G network technology in Ukraine.

Earlier, the State Statistics Service concluded that Ukraine attracted total investment of 526 billion hryvnias (17.27 billion euros) in 2018, a 27.5 per cent rise compared to 2017.