1. Geographical location
Ukraine is at the crossroads of trade routes to Europe - Russia - Central Asia - Middle East. This makes it an ideal location for production and exports to Europe, Asia, Russia, the Middle East and the Caucasus. 4 of the 10 European transport corridors pass through Ukraine. Ukraine has access to the Azov and Black Seas and further projection into the Middle East.
2. Significant natural resources and possible usage
Ukraine - The largest (603,600 sq. Km) of European countries.
Ukraine has 30% of world's black soil, of which more than 60% is agricultural land. Mineral exploration in Ukraine confirms approximately 200 types of minerals. With regard to some mineral reserves Ukraine holds more than Russia, the US, Britain, France, Germany, Canada and others. Reserves and production of iron, manganese, titanium and zirconium ores, together with many non-metallic materials, Ukraine occupies a leading position in Europe and the world at large.
3. Approximated with European traditions of the culture, life and work
|Ukrainians and Europeans have inherent common religious traditions and approaches to corporate governance as evidenced by its long history.|
4. Developed transport and energy infrastructure
Ukraine has developed networks of air, rail, waterways, and road traffic (over 22,000 km
of railways, 170,000 km of roads and over 2,000 km of waterways). Ukraine also has the
potential of expanded river and pipe transportation. Ukraine ranks 61st in the Logistics
Performance Index of the World Bank.
Due to Ukraine's strategic location in terms of trade with the EU, cargo transportation delivery from Ukraine to most European markets takes only two days. This is a significant advantage for the production of short-chain delivery.
5. Ukraine has the potential for significant increases in production capacity and improved efficiency in many areas
Ukraine traditionally holds a leading position in the manufacture of complex machines and
vehicles in the CIS, and is a listed leading nation in world aerospace engineering.
The agricultural sector is one of the promising sectors of Ukraine's economy, accounting for over 20% of GDP. Ukraine is among the five largest grain exporters globally and is # 1 in the world in terms of export of sunflower oil (58%).
Ukraine has enormous potential for energy production from alternative sources and implementation of energy efficient technologies.
6. Ukraine is developed in area of scientific and research activities of the IT industry with the potential to enhance its capabilities further.
Thanks to the educational system, science and technology base, and young talent Ukraine has traditionally had significant research potential. Ukrainian engineers, programmers and developers are among the best in the world, and Ukraine ranks first in Europe in the field of IT with rapid growth in the number of IT professionals - about 90 thousand people today.
In Ukraine there are over 100 global corporate research centers of from various industries including telecommunications, software, the games industry and e-commerce. Most of these global companies entered the Ukrainian market indirectly through mergers and acquisitions, joint research activities involving external resources, or through collaboration via company outsourcing schemes.
7. Present in Ukraine is a significant workforce with high levels of educational attainment and a further potential for qualitative and quantitative development.
The nation has an economically active population of over 20 million.
According to the UN Development Programme (UNDP) Ukraine occupies 83 place on the index of education, indicating the large proportion of adults with higher education.
8. A significant amount of the domestic market has the potential for growth, as well as proximity and openness of Ukrainian goods and services with the EU markets.
Ukraine - a big market with a population of over 40 million consumers, a significant growth potential and relatively low level of competition in many areas.
Since 2016 the EU-Ukraine free trade zone operates.
9. Ukraine has a relatively low cost of entry to market, the purchase of fixed assets (land, property), and operating costs.
According to the World Bank Ease of Doing Business 2016 ranking, Ukraine ranks in 30th place for incorporation, an increase of 40 positions. To register a company it takes only 7 days.
Ukraine could become a platform for foreign companies doing business as land, real estate, wages, energy, raw materials and other production costs are relatively cheaper in Dollar/Euro terms.
10. There is continued approximation of national legislation with EU legislation, including the competitive conditions.
The Association Agreement between the EU and Ukraine signed on 27 June 2014 in Brussels.
September 16, 2014 Association Agreement was ratified by both the Parliament and the European Parliament. The main part of the Agreement is devoted to key reforms, economic recovery and growth, as well as governance and sectoral cooperation in the fields of energy, transport, environment, industry and so on.
11. Sustainable move towards liberalization of market relations and development of democratic society, integration of Ukraine into the European and world community.
To enhance the protection of foreign investments Law of Ukraine of 16.03.2000 №1547 ratified the Washington Convention 1965 on the Settlement of Investment Disputes between States and Nationals of Other.
Since 2008, Ukraine is a member of the WTO (joins WTO's Government Procurement Agreement (GPA) since 18th of May, 2016).
Ukraine has signed international agreements in force regarding the promotion and protection of investments with 70 countries. The process of expanding the list of countries with signed bilateral agreements continues.
In 2014, Ukraine signed an agreement on association with the EU, and forming a free trade area which has been operational since 2016.
Today Ukraine is working closely with the OECD with the status of associate member within the Steel Committee, the OECD Global Forum on transparency and exchange of information for tax purposes; it holds the status of the attendee (observer) in the Committee of the Competition, the Committee on Public Administration, and the Working Group on the Development of SMEs and Entrepreneurship.
Ukraine is also involved in the activities of the International Transport Forum (ITF), the International Energy Agency (IEA), and has joined the seminal OECD Scheme for the varietal certification of seed grain, maize and sorghum. In 2013 Ukraine became a member of the Global Forum on transparency and exchange of information for tax purposes within the OECD.