Key facts about Ukraine
Welcome Notes & Introduction
Volodymyr Zeleskyy, President of Ukraine
Ukraine is the new technological center of the world, a breadbasket of Europe with the most fertile lands and huge tourist and investment potential.
Ukraine has already been recognized by international investors as a stable and predictable emerging market, with talented human capital and high-quality undervalued assets.
Renewable energy in Ukraine.
The Ukrainian government has committed to increase renewables from around 4 per cent of the energy mix today, to 25 per cent by 2035.
While hydropower dominates the country’s renewable capacity, averaging 4.6GWp over the last decade, installed wind, solar and bio energy capacity increased by 54 per cent to 2.1GWp in 2018 alone, with a further 4.6GWp of capacity in the pipeline.
Overall, the outlook for the renewables sector in Ukraine looks bright. Development of the sector has been rapid in recent years, and will continue in the years ahead, although investors should carefully assess the impact of the new auction regime.
Ukraine has committed to increase renewables to 25% by 2035
During 2018, installed solar power capacity increased by 646MWp (87%)
Investment in renewables from international organisations (2018)
Ukraine is one of the richest countries in the world in terms of natural resources.
- 1st place in Europe in explored reserves of uranium ores;
- 2nd place in Europe, 10th place in the world in terms of titanium ore reserves;
- 2nd place in the world in explored reserves of manganese ores (2.3 billion tons or 12% of world reserves);
- 12nd place in the world in terms of iron ore reserves (30 billion tons);
- 4th place in the world in terms of potassium reserves (Stebnitskoe deposit);
- 2nd place in Europe for mercury ore reserves;
- 3rd place in Europe (13th in the world) in terms of shale gas reserves (22 trillion cubic meters);
- 7th place in the world in coal reserves (33.9 billion tons);
Types of minerals are found in Ukraine
Deposits of industrial importance
Total output of mining industry
Ukraine is an agricultural country.
- 1st place in Europe in terms of territory of plough land ;
- 3rd place in the world in terms of chernozem, which is the most fertile soil (25% of the global volume);
- 1st place in the world in the export of sunflower and sunflower oil (4-6 billion litas) in gold (200-300 tons);
- 2nd place in the world in production and 4th place in the export of barley;
- 3rd place in the world in production and 4th place in the export of corn;
- 4th place in the world in terms of potato production;
- 5th place in the world for the production of rye;
- 5th place in the world for the production of beekeeping (75 thousand tons);
- 8th place in the world in wheat export;
- 9th place in the world for the production of chicken eggs;
- 16th place in the world for the export of cheese
- Ukraine can provide food needs for 600 million people.
Bread basket of Europe
Ukraine’s present agricultural output consists of a diverse combination of cereal and forage crops including wheat, maize, barley, sunflowers, sugar beets, tobacco, legumes, fruits and vegetables.
Ukraine is an industrial country ranking:
- 1st place in Europe for the production of ammonia;
- 2nd place in Europe and 4th in the world in terms of gas transmission system capacity (outgoing gas transmission capacity with EU countries - 142.5 billion cubic meters of gas);
- 3rd place in Europe and 8th in the world in terms of installed capacity of nuclear power plants;
- 3rd place in Europe and 11th in the world in the length of the railway network (21.7 thousand kilometers);
- 3rd place in the world (after the USA and France) in the production of locators and location equipment;
- 3rd place in the world in the export of cast iron;
- 4th place in the world for the export of turbines for nuclear power plants;
- 4th place in the world in the market for the construction of launch vehicles and their commercial use for putting payloads into orbit;
- 4th place in the world in the export of clay;
- 4th place in the world in titanium export;
- 8th place in the world in the export of ores and concentrates;
- 9th place in the world in the export of defense industry products;
- 10th place in the world in terms of steel production (32.4 million tons).
Ukraine’s machine-building is characterized by following advantages:
Reserves of raw materials
Educated labor force
Ukraine is an educated country.
- According to the Human Development report, Ukraine is a country with a high level of education. The number of doctors of economic sciences in Ukraine is 15 thousand people, candidates of sciences - more than 80 thousand people;
- Ukraine takes 4th place in the world in the number of people with higher education, while the level of education is higher than the average European;
- 9th place in the world in the number of students from abroad;
- 9th place in Europe in terms of the number of Internet users.
Ukraine has become one of the top places in the popular student destinations
Ukraine is home to over 800 institutes of higher education
The number of students in in higher education
Students graduate universities every year.
Ukraine’s IT industry is among the country’s fastest growing industries.
IT industry has grown by nearly 40 times over the last fifteen years from $110 million in 2003 to about $4.5billion in 2018
With a sustainable growth rate of 20-25% the development of the Ukrainian IT industry is far ahead of the average growth rate of the sector in the world. The number of IT specialists in Ukraine is expected to surpass 200,000 people in 2020. This growth has already allowed IT to emerge as Ukraine’s third-largest export behind agriculture and metallurgy.
Ukraine is on its way to becoming the world’s major tech powerhouse. The Ukrainian IT industry consists of over 4,000 local IT service companies and more than 110 leading global companies have subsidiaries in the country. Samsung, Microsoft, Ring, Snap, Magento, Plarium, Boeing, Siemens, Ericsson – all have established R&D centers in Ukraine.