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Investments in Ukraine’s economy collapsed by 35%

Инвестиции в экономику Украины рухнули на 35%

The decline in investment was recorded in all sectors, with the exception of the sphere of Information and telecommunications, where the growth amounted to 8.7%.

Capital investments in the Ukrainian economy in the first quarter of 2020 amounted to 76.9 billion UAH. This is 35.5% less compared to the same period last year. This is evidenced by the State statistics service released Monday, may 25.

According to authorities, the decline in investment was recorded in all sectors, except in the area of Information and telecommunications, where the growth amounted to 8.7%.

Moreover, in financial and insurance activities investment fell by 11.3%. In construction recorded a decrease of investments 18.0%. The decline of investment in industry amounted to 36.2%, in agriculture – 44.1 per cent. While in transport the reduction in investment made up of 57.8%.

But the most profound reduction in investment was recorded in the areas (-66,7%) Temporary accommodation and food and Arts, sports, entertainment and recreation (-79,1%).

Инвестиции в экономику Украины рухнули на 35%

Last week, President Vladimir Zelensky promised that the authorities will attract $ 7 billion investment over the next year and a half. According to him, in September will begin the work of the Investment office, centrally involved in attracting investment to Ukraine.

Earlier it was reported that the growth of its medium size projects in Ukraine slowed down to 15.5%. Since the middle of last year, the growth of its medium size projects began to accelerate, however, in General the results were worse than the year before.

It was also reported that the Ukrainian IT-business has invested more than $500 million investment. The main investors were the international funds, such as Iconiq Capital, General Catalyst, Goldman Sachs VC and others.

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