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Trade and economic relations
30 January 2024 09:24

The Republic of Estonia is Ukraine's 25th trade partner among European countries.

International ratings:

Doing Business 2022 - 18th place out of 190;

Human development index - 30th place (0.871);

Index of perception of corruption - 22nd place (70);

Global competitiveness index - 30th place (4.78);

World press freedom index – 12th place (13.55).

According to the Estonian State Statistical Application, the turnover of goods between Ukraine and Estonia amounted to 282 million euros, which is 15% or 37 million euros less than the volume of trade in goods for 2021. Export volumes of Ukrainian goods to Estonia amounted to 103 million euros and decreased by 8% or 9 million euros compared to 2021, import volumes increased by 33% or 43 million euros and amounted to 179 million euros. The balance in trade in goods for 2022 is negative for Ukraine and amounts to 76 million euros.

Invest in Ukraine

Organizations involved in investment issues and publication of investment projects

1.Ukraine Invest Guide is set to become the main source of information about Ukraine to potential investors. It contains information about Ukraine’s potential and analytical data from various industries. It also promotes the examples of foreign companies that are already successfully operating in our country.

The Guide consists of over 100 pages of analytical information aimed at informing foreign investors about the country’s resource potential, investment projects and changes in regulatory policy.

Ukraine Invest Guide is a one-stop-shop reference to consider investment opportunities in Ukraine.

https://ukraineinvest.gov.ua/guide/  t. +38 044 256 7832; +38 098 567 88 99

e-mail: [email protected]

Аddress: Cabinet of Ministers of Ukraine, 12/2 Hrushevskoho Street, Office 148, Kyiv, Ukraine 01008

2. Council of Exporters and Investors under the Ministry of foreign affairs of Ukraine.

The Council of Exporters under the Ministry of Foreign Affairs of Ukraine is the permanent consultant body, established with the purpose of providing cooperation of the Ministry with leading exporters of Ukraine with a view of economization of foreign policy and enhancing the position of Ukrainian producers on world markets.

https://rei.mfa.gov.ua/en

Аddress: Mikhailivskaya Square, 1

3. Office of the National Investment Council of Ukraine 

Office of the National Investment Council is an advisory body to the President of Ukraine. This Council facilitates dialogue between local business, international investors and official bodies in Ukraine. Members of the National Investment Council are leading international companies that have already invested in Ukraine or are planning to invest, as well as international financial organizations.

Email: [email protected]

Address: Office of the National Investment Council, 11 Bankova St, 01220
Kyiv, Ukraine.

Useful information: On December 17, 2020, the Ukrainian Parliament adopted the Law of Ukraine "On State Support of Investment Projects with Significant Investments in Ukraine" No.1116-IX, which has become known as the Investment Nannies Law. The development and adoption of the Investment Nannies Law was initiated by the President of Ukraine. On February 13, 2021, the Law entered into force.

The law defines the organizational, legal and financial basis for state support of investment projects with significant investments in order to attract significant investment to Ukraine, create new jobs, stimulate the economic development of Regions and increase the competitiveness of the Ukrainian economy.

Detailed information about the law can be obtained on the website of the Verkhovna Rada (Parliament) of Ukraine:

https://www.rada.gov.ua/news/Novyny/201090.html

Also, on March 2, 2021, the Ukrainian Parliament adopted Draft Laws No. 3761 and 3762 (together, Draft Tax Laws) regarding tax and customs incentives applicable to qualified investors specified in the Investment Nannies Law.

Useful links of state bodies of Ukraine

1 State Property Fund of Ukraine (Link): 01133, Kiev, Generala Almazova st., 18/9 (Pecherska metro station), Fax: +38 (044) 286-79-85, Hotline: Phone: +38 (044) 254 29 76. 

2. The Ukrainian Geological Survey (The State Service of Geology and Mineral Resources of Ukraine – SSGSU, link) : 03057, Kiev, 16 Anton Tsedik St., Hotline number (044) 456-23-57, Office Phone: (044) 536-13-18, e-mail: [email protected]

3. ProZorro (Link) is a platform for public procurement in Ukraine.

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