REUTERS
Ukraine is seen as an attractive market for many Swedish companies.
Two large Swedish retailers IKEA and H&M are expected to enter the Ukrainian market this year.
"We welcome the fact that as soon as this year the well-known Swedish companies, IKEA and H&M, will enter the Ukrainian market," Ukrainian Deputy Prime Minister for European and Euro-Atlantic Integration of Ukraine Ivanna Klympush-Tsintsadze said at a meeting with Swedish Minister for Foreign Affairs Margot Wallström in Stockholm, the Ukrainian government's portal reported.
Read alsoSwedish IKEA may open its first outlet in Ukraine in 2018 – media
In the past year trade between Ukraine and Sweden increased by 4.2% compared to 2016 and amounted to US$510.9 million.
Ukraine is seen as an attractive market for many Swedish companies that want to expand their business.
As UNIAN reported, the Cabinet of Ministers of Ukraine plans to create an interdepartmental ad hoc group that will assist one of the world's largest retail chains selling furniture and household goods – the Swedish group of companies IKEA – in entering the Ukrainian market.