Capital investment in Ukrainian economy shrinks by 35.5% in Q1

The largest decline in investment was recorded in such fields as art, sports, entertainment and recreation.

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Capital investment in the Ukrainian economy in January-March 2020 (Q1) shrank by 35.5% year-over-year (y-o-y), to UAH 76.9 billion (US$2.9 billion).

The largest decline in investment was recorded in such fields as art, sports, entertainment and recreation (by 79.1%, to UAH 222.5 million/US$8.3 million), aviation industry (by 77.3%, to UAH 120 million/US$4.5 million), and food and beverage supply services (by 74.2%, to UAH 167.6 million/US$6.2 million), according to the State Statistics Service.

The largest increase in capital investment in Q1 was observed in the electrocommunication sector (by 41.4%, to UAH 2.8 billion/US$104.2 million), as well as the information and telecommunications sectors (by 8.7%, to UAH 4.6 billion/US$171.2 billion).

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The State Statistics Service said the report does not include data from Russian-occupied areas in Crimea, Sevastopol and parts of Luhansk and Donetsk regions.

As UNIAN reported earlier, Ukrainian President Volodymyr Zelensky on May 20 announced that Ukraine's Investment Office would start working in September 2020.

The volume of capital investment in Ukraine in 2019 increased by 11% against last year, up to UAH 584.45 billion (US$21.8 billion).

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