Fifty of Ukraine's largest private companies have invested over Eur 5 billion in their development since the full-scale Russian invasion. DTEK, Metinvest and MHP are the top three.
Russia's invasion led to an avalanche-like decline in FDI inflows from $8 billion in 2021 to $221 million in 2022. According to the National Bank of Ukraine, last year, FDI rebounded to $4.8 billion, with most of this money reinvested by businesses already operating in the country.
FDI per capita in Ukraine remains at the lowest level among Eastern European countries, as Ukraine’s foreign investment policy regime has been less liberalised than of its regional peers. The preconditions for FDI acceleration are the war's end, structural reforms, and NATO/EU security guarantees. While there is a high level of uncertainty about the first and the last, Ukraine has made meaningful progress in reforms over the previous ten years.
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