Page 27 - UKRRptNov21

5.3 FDI
Foreign direct investment in Ukraine amounted to $2.83bn in the first half of 2021, according to Prime Minister Denys Shmyhal.
"In the first half of 2021, foreign direct investment in Ukraine amounted to $2.83bn. Of this, $2.33bn came from the European Union. Investment growth in the first half was at a record level over the past four years," the prime minister wrote on his Facebook page.
Shmyhal added he expects that additional incentives for entrepreneurs introduced this year will help increase investment activity.
At the same time, exports of Ukrainian products continue to grow. In September, exports rose 38% and amounted to $48.5bn over the past nine months, which is $13.4bn more than last year.
In addition, the index of industrial production in August grew by 6.4% year-on-year, which is much higher than in July (2.3%). This index includes information on the main sectors of the economy and shows the positive aspects of its dynamics.
"The better recovery of economic activity was due to the growth of agriculture (+ 25% year-on-year), stable consumer demand and growth of retail trade (+10% year-on-year), increased investment, as well as the growth of the construction sector and some important industries (metallurgy, engineering). The growth of salaries (+22% year-on-year in nominal terms and +11% year-on-year in real terms) remain an important aspect,” Shmyhal wrote.
27 UKRAINE Country Report November 2021 www.intellinews.com