Meat and dairy

This industry remains quite promising, especially in terms of the production of some items (dry milk, butter, cheese).

The following projects, among many others, have been identified by government authorities as the most important in this sector:

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• development of children’s foods with biologically active components for the reduction of radiation effect

• development of processing and storage technologies.

• new technologies for cultivation and processing sugar beet.

• Development of a grape production facility and vineyard.

• Construction of special film-packaging equipment for food products.

• Production of rape and rape seed oil.

• Plant for the production of soft drinks in plastic 1.5 liter bottles.

Business and investment opportunities in ukraine: ukraine open for business

Having recently gained its independence, Ukraine is a country comparable in geographical size and population to Italy and France. The country possesses numerous competitive strengths, namely a strategic geographical position and mils climate, rich natural resources, sizable consumer market, highly educated labor force, well developed transport infrastructure, significant achievements in natural sciences and military related research, and a sophisticated research and development infrastructure.

However, the Ukrainian economy is currently in a critical position. This is due to the fact that the economy of Ukraine was previously quite isolated, not oriented towards satisfying the national interest of the country. The pricing policy was basically inappropriate because the prices for raw materials and fuel supply were very low and were stimulating their rational use and the introduction of high technology to industry.

Ukrainian efforts to be integrated to the world market were, over the first three years, very reticent and did not realize the national potential.

Prior to independence, more than 80 percent of total ‘exports’ and ‘imports’ were accounted for by inter-republic trade. As well as being tightly integrated with the economy, Ukraine accounted for a major share about 25 percent of the Net Material Product (NMP) for the former Soviet Union.

Needless to say, at independence the severance of the inter-republic links had a particularly disruptive effect on Ukrainian enterprises and on the national economy as a whole.

The foreign trade linkages of Ukraine will no doubt play a key role in the recovery of the Ukrainian economy in this transition period.

Upon gaining independence in 1991, Ukraine has become an equal member of the international community. There is little doubt that the economic, scientific, and human potential of Ukraine is one of the most promising in Europe and offers many business and investment opportunities.

Attraction of new investments in the Ukrainian economy, including foreign investments, is one of the effective ways of overcoming this situation.

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