UkraineInvest

UkraineInvest, also known as the Ukraine Investment Promotion Office, is a Ukrainian government investment-promotion organization established by a resolution of the Cabinet of Ministers on 19 October 2016. It was created as an independent advisory body to attract foreign direct investment, support investors already operating in Ukraine, and improve the country’s image as a credible and secure destination for international business. Rather than selling consumer products, UkraineInvest provides public-sector investment facilitation, information, advocacy, and relationship-management services. Its operating model is built around a single-source or “concierge” function for foreign investors. The organization helps prospective and existing investors identify relevant Ukrainian authorities, business partners, locations, incentives, infrastructure, and sector opportunities. It also conducts matchmaking and outreach by connecting investment projects with Ukrainian and international partners. Through its awareness and communications work, UkraineInvest publishes information intended to explain Ukraine’s investment environment and present opportunities in a concise and actionable form. A further part of its mandate is institutional collaboration. UkraineInvest works with the business community, foreign embassies in Ukraine, Ukrainian diplomatic missions abroad, business associations, international financial institutions, and Ukrainian state agencies. It also identifies recurring obstacles affecting investors and seeks to address them through appropriate government channels. The stated approach emphasizes transparency, fairness, practical assistance, and long-term economic growth rather than short-term promotion alone. UkraineInvest promotes a “1+4” sector strategy. Innovation technologies form the cross-cutting technology component, including artificial intelligence, cybersecurity, and nanotechnology. The four principal opportunity areas are agribusiness, energy, manufacturing, and infrastructure. Agribusiness includes primary production and food processing; energy includes renewable generation and energy efficiency; manufacturing includes automotive, aerospace, and pharmaceutical clusters; and infrastructure includes ports, airports, and transport infrastructure. High-technology capabilities are presented as an additional factor supporting Ukraine’s integration into global value chains. Daniel Bilak, a Canadian-qualified lawyer with extensive professional experience in Ukraine and the wider region, created the office and was appointed its director and chief investment adviser to the prime minister in 2016. Before joining UkraineInvest, he advised international and Ukrainian businesses in sectors including energy, agribusiness, infrastructure, and technology, and led the Ukraine office of CMS Cameron McKenna. He also worked with the Business Ombudsman Institution and as a governance expert for the United Nations Development Programme. Following Russia’s full-scale invasion of Ukraine in 2022, UkraineInvest’s role became closely associated with investment in reconstruction, resilience, and the expansion of international companies’ Ukrainian operations. Reference material reports that investments channeled with UkraineInvest’s involvement between March 2022 and September 2023 reached approximately $500 million; this figure is not included as a financial metric here because the available material does not provide a directly verifiable official source URL. In March 2024, the office signed a memorandum of cooperation with the UN Global Compact and helped establish the Ukraine Business Compact, an initiative intended to encourage responsible private-sector participation in Ukraine’s recovery. It had also entered into cooperation with Business France.

UkraineInvest was established on 19 October 2016 through Resolution No. 740 of the Cabinet of Ministers of Ukraine. The institution was designed as an independent advisory office focused on attracting foreign direct investment and supporting the government’s effort to present Ukraine as a viable destination for international business. Its creation reflected a need for a specialized interface between foreign investors, Ukrainian public authorities, and domestic commercial partners. Daniel Bilak created UkraineInvest and became its director and chief investment adviser to the prime minister on 1 November 2016. His background included legal and advisory work for international and Ukrainian companies, with particular exposure to energy, agribusiness, infrastructure, and technology. He had also worked with the Business Ombudsman Institution and the United Nations Development Programme. Under this leadership, UkraineInvest developed a service model combining investor assistance, international outreach, business matchmaking, policy advocacy, and communications. The office’s concierge function was intended to give investors a practical point of contact for information, introductions, administrative navigation, and project support. Its outreach activity sought potential partners in Ukraine and overseas, while its advocacy role involved identifying recurring barriers and raising them with relevant government institutions. Collaboration with diplomatic missions, business associations, financial institutions, state agencies, and existing investors formed an important part of this model. UkraineInvest organized its investment-promotion narrative around a 1+4 sector strategy. Innovation technologies, including artificial intelligence, cybersecurity, and nanotechnology, were treated as a cross-cutting strength. Agribusiness, energy, manufacturing, and infrastructure were the four principal sector groups. The manufacturing category included automotive, aerospace, and pharmaceutical opportunities; energy covered renewables and efficiency; agribusiness included production and processing; and infrastructure included ports, airports, and transportation systems. The strategy linked these fields to Ukraine’s high-technology capabilities and potential participation in global value chains. Russia’s full-scale invasion in 2022 changed the context in which UkraineInvest operated. Investment promotion became increasingly connected to economic resilience, reconstruction, supply-chain relocation, and the expansion or restoration of international companies’ Ukrainian assets. Reference material states that investments channeled through or with the support of UkraineInvest between March 2022 and September 2023 amounted to approximately $500 million, although no independently verifiable source URL for that figure is provided here. In November 2023, UkraineInvest signed a memorandum with Terwin Corporation concerning a major logistics-complex project. In March 2024, it deepened cooperation with the UN Global Compact and established the Ukraine Business Compact, aimed at encouraging sustainable business policies and supporting the participation of foreign business in Ukraine’s recovery. The office had also signed a memorandum of cooperation with Business France. These activities illustrate UkraineInvest’s continuing evolution from a general investment-promotion agency into an institution involved in reconstruction finance, responsible investment, and international economic partnerships.

• 2024

  UN Global Compact cooperation and Ukraine Business Compact

  [1]UkraineInvesten.wikipedia.org

  UkraineInvest signed a memorandum with the UN Global Compact and established the Ukraine Business Compact to support sustainable business policies and international participation in Ukraine’s recovery.

• 2023

  Terwin logistics memorandum

  [1]UkraineInvesten.wikipedia.org

  UkraineInvest signed a memorandum with Terwin Corporation concerning a proposed logistics investment involving four complexes and potential investment exceeding $500 million.

• 2022

  Investment-promotion role expands during wartime recovery

  [1]UkraineInvesten.wikipedia.org

  Following Russia’s full-scale invasion, UkraineInvest’s work became increasingly connected with reconstruction, resilience, and international investment in Ukraine.

• 2016

  UkraineInvest established

  [1]UkraineInvesten.wikipedia.org

  The Cabinet of Ministers of Ukraine established UkraineInvest on 19 October 2016 through Resolution No. 740 as an independent advisory body for foreign investment promotion and investor support.

• 2016

  Daniel Bilak appointed director

  [1]UkraineInvesten.wikipedia.org

  Daniel Bilak was appointed director of UkraineInvest and chief investment adviser to the prime minister effective 1 November 2016.

A public investment-promotion and investor-services institution positioned as an entry point for international companies seeking to invest in Ukraine, develop projects, resolve administrative barriers, and participate in the country’s economic recovery.

• Investor facilitation · 2016

  Concierge Service

  A single-point investor-support service that helps foreign companies obtain relevant information, identify contacts, navigate public institutions, and receive practical assistance when evaluating or implementing projects in Ukraine.

• Investment promotion · 2016

  Matchmaking and Outreach

  An outreach function connecting prospective international investors with Ukrainian businesses, project owners, public institutions, and other potential partners. It is intended to help develop new projects and expand existing investment activity.

• Government relations · 2016

  Investor Advocacy

  A channel through which UkraineInvest identifies recurring obstacles affecting investors and raises them with relevant government bodies in an effort to improve the investment and business environment.

• Recovery investment platform · 2024

  Ukraine Business Compact

  A cooperation initiative intended to facilitate participation by international companies and foreign-owned assets in Ukraine’s recovery while encouraging sustainable and responsible business policies.

• 2024Ukraine Business Compact

  Ukraine · International markets

  UkraineInvest helped establish the Ukraine Business Compact to encourage international business participation in Ukraine’s reconstruction and to promote sustainable private-sector engagement.

  Outcome. The initiative was established as a cooperation framework for foreign companies and assets interested in supporting Ukraine’s recovery.

  Source

• 2024

  Sustainable recovery and international business cooperationStrategy

  Background

  UkraineInvest aimed to connect international business participation in recovery with sustainable business standards and broader international cooperation.

  Action taken

  The office signed a memorandum with the UN Global Compact and established the Ukraine Business Compact.

  Aftermath

  The initiatives created additional frameworks for responsible investment and foreign-business participation in Ukraine’s reconstruction.

  Source

• 2023

  Support for Terwin logistics investmentOther

  Background

  UkraineInvest sought to support large-scale logistics development and investment during a period when infrastructure and supply-chain capacity were central to Ukraine’s economic resilience.

  Action taken

  The office signed a memorandum of cooperation with Terwin Corporation for a project involving four logistics complexes.

  Aftermath

  The project was described as involving more than $500 million of investment, with possible expansion to $1 billion, and approximately one million square metres of logistics space.

  Source

• 2016

  Creation of a dedicated investment-promotion officeStrategy

  Background

  Ukraine sought a specialized institution capable of attracting foreign direct investment and improving the country’s international investment profile.

  Action taken

  The Cabinet of Ministers established UkraineInvest as an independent advisory body with investor-support and investment-promotion responsibilities.

  Aftermath

  The office developed concierge, matchmaking, communications, collaboration, and advocacy functions for international investors.

  Source

1. 1UkraineInvesten.wikipedia.org