Capital investment in the Ukrainian economy in January-June 2020 (H1) shrank by 34.9% year-over-year (y-o-y), to UAH 163.78 billion (US$5.9 billion).
Decline in investment
Read alsoUkraine may create virtual economic zoneThe largest decline in investment was recorded in such fields as art, sports, entertainment and recreation (by 74.4%, to UAH 459.8 million, or US$16.5 million), temporary accommodation and catering services (by 57.8%, to UAH 637.7 million, or US$22.9 million), as well as transportation, postal, and courier services (by 54.5%, to UAH 8.9 billion, or US$320 million), according to the State Statistics Service.
All sectors of Ukraine's economy saw a decline over the period under review, the report said.
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.
Attracting investment
- Capital investment in the Ukrainian economy in January-March 2020 (Q1) shrank by 35.5% y-o-y, to UAH 76.9 billion (US$2.8 billion).
- In August, Ukraine launched a grant program for startup founders.
- Earlier, nine Ukrainian startups got state funding within the Ukrainian Startup Fund program.
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Ukrainian startups attracted over US$500 million in investments as of September 3, 2020.
- The volume of capital investment in Ukraine in 2019 increased by 11% against last year, up to UAH 584.45 billion (US$21 billion).