REUTERS
Key areas for investment are the country's agriculture, the processing industry, the IT sector, logistics, engineering, and tourism.
Ukrainian President Petro Poroshenko has encouraged foreigners to invest in Ukraine.
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"It is obvious today that one cannot but invest in Ukraine. The economy has been growing for 12 quarters in a row," he said at Dragon Capital's 15th annual investment conference on February 12. "A 3.4% increase in GDP in the past year is the highest economic growth rate in seven years. The banking system is stable, and it posts record high profit now. The hryvnia [Ukraine's national currency] is strengthening along with the expanding gold and foreign currency reserves."
The president stressed that single-digit inflation and the stability of the national currency rate already suggest long-term investment forecasts.
"We have several key areas worth investing," he said. In particular, he mentioned the development of agriculture, the processing industry, the IT sector, logistics, engineering, and tourism.
As UNIAN reported earlier, the State Statistics Service of Ukraine estimated the country's real GDP growth in the third quarter of 2018 (Q3) at 2.8% in annual terms, in Q2 2018 at 3.8%, and in Q1 2018 at 3.1%.
The service has not released its report for the fourth quarter of 2018, as well as for the entire year 2018. The National Bank of Ukraine (NBU) estimated economic growth in Ukraine in 2018 at 3.3%.
The NBU says foreign direct investment in Ukraine's economy in 2018 was estimated at US$2.5 billion, with 60% of this amount channeled into the real sector.