Many companies are diversifying their supply chains and potentially consider Ukraine as one of the options where they can transfer their production facility, - Olga Magaletska

Many companies are diversifying their supply chains and potentially consider Ukraine as one of the options where they can transfer their production facility. Olga Magaletska, the Head of the Office of the National Investment Council stated the above during the Virtual EBRD Investment Councils Conference 2020, which was held on June 2-3.

Olga Magaletska noted that some investors are thinking about the possibility to open up new businesses in Ukraine in terms of set up a new production facility here, closer to Europe and other markets, and to change the supply chain.

"In this situation, Office of the National Investment Council is providing research for potentially interesting sectors of Ukraine in order for the investment agency Ukraine Invest could make proposals to companies of specific industries. We definitely see that it can be manufacturing of raw (food processing) or any kind of producing value added goods for Ukraine. I hope to see new foreign investors in Ukraine in order to diversify their supply chain. Ukraine has all the opportunities for this: a favorable geographical location, a favorable investment climate and a free trade zone with the EU," said the Head of the Office.

Olga Magaletska also added that the Office of the National Investment Council has already started dialogue with the EBRD in this direction, which helps to attract foreign investments to Ukraine.

© 2020 Office of the National Investment Council of Ukraine