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Strengthening business partnerships and investment cooperation between Ukraine and Lithuania

18/ 06/ 2026
  On 12 June, the European Business Association and Global Business for Ukraine, in cooperation with the Embassy of Lithuania in Ukraine, held an online meeting dedicated to the current business climate in Ukraine and investment opportunities for Lithuanian companies. The event brought together representatives of Lithuanian and Ukrainian businesses, government institutions, and investment organisations interested in entering the Ukrainian market, expanding existing operations, and exploring long-term partnership opportunities. Opening the meeting, Inga Stanytė-Toločkienė, Ambassador of Lithuania to Ukraine, emphasised that despite the ongoing russian war of aggression, Ukraine continues to demonstrate strong economic resilience and remains an increasingly important destination for international business cooperation. According to the Ambassador, companies interested in reconstruction, defence technologies, and long-term partnerships should already establish their presence in Ukraine today, as the market is rapidly developing and becoming increasingly competitive. She also highlighted the growing role of institutional cooperation between Lithuania and Ukraine, as well as new bilateral initiatives aimed at supporting business partnerships and investment projects. Anna Derevyanko, Executive Director of the European Business Association and CEO & Co-founder of Global Business for Ukraine, presented an overview of the current state of business based on recent EBA member surveys. Despite wartime conditions, Ukrainian businesses continue operating and investing. According to the presented data, 76% of EBA member companies currently operate at full capacity, while businesses have largely adapted to the realities of wartime operations, including energy disruptions, air raid alerts, and logistical challenges. At the same time, companies continue to face significant challenges, particularly labour shortages, energy-related disruptions, and broader security risks. Nevertheless, businesses remain cautiously optimistic about future growth and investment opportunities. Anna Derevyanko noted that 72% of surveyed companies plan to continue investing in Ukraine during wartime, while 20% are considering major investment projects. Businesses also continue investing in energy resilience, digitalisation, and AI solutions, while Ukraine’s EU integration process remains one of the key positive drivers for investor confidence.  Particular attention was also paid to the EBA Investment Map, developed together with UkraineInvest and partners, which currently includes over 200 investment projects across various sectors and regions of Ukraine. Viktoriia Volovenko, Head of the Analytics and Market Intelligence Department at UkraineInvest, spoke about the existing support mechanisms available to foreign investors entering the Ukrainian market. She highlighted the growing ecosystem of war risk insurance and investment protection instruments available through both Ukrainian and international institutions, including MIGA, DFC, EBRD, and export credit agencies.  Special attention was given to the state support programme for significant investment projects, often referred to as the “investment nanny” mechanism. The programme allows investors implementing projects worth at least EUR 12 million to receive state support of up to 30% of eligible capital expenditures through tax incentives, infrastructure support, customs exemptions, and other benefits. In addition, Viktoriia Volovenko outlined the opportunities offered by Ukraine’s growing network of industrial parks, which provide investors with access to industrial land, tax incentives, and simplified conditions for launching production facilities. Mariia Olenych, Board Member and Chief Revenue Officer at Prozorro.Sale, presented opportunities available through Ukraine’s transparent state asset auction system. She explained that Prozorro.Sale operates as a transparent electronic auction platform for the sale and lease of state-owned assets, including real estate, land, state enterprises, mining licenses, and other public assets. According to Mariia Olenych, the system was designed to ensure transparency, equal access, and competition, while minimising corruption risks. Since its launch, Prozorro.Sale has generated billions in revenue for the state and attracted both domestic and international investors. Speakers also noted that the Ukrainian government continues simplifying privatisation procedures and expanding the list of assets available for investment, creating additional opportunities for foreign businesses interested in entering the market. Maksym Shchurov, Project Manager at Prozorro, presented Ukraine’s electronic public procurement system and the opportunities it creates for non-resident suppliers. He explained that Prozorro enables international companies to participate in public tenders financed both by the Ukrainian state budget and international financial institutions. The system provides English-language interfaces, transparent bidding procedures, and equal access to procurement opportunities. According to Maksym Shchurov, nearly 300 contracts with foreign companies have already been signed through Prozorro in 2025 alone, demonstrating growing international participation in Ukraine’s procurement market. The discussion also touched upon the future development of procurement procedures, including broader use of non-price criteria and value-for-money approaches, particularly for projects financed by international partners. The European Business Association and Global Business for Ukraine thank the Embassy of Lithuania in Ukraine, speakers, and participants for the productive discussion and continued support of Ukrainian-Lithuanian business cooperation.

On 12 June, the European Business Association and Global Business for Ukraine, in cooperation with the Embassy of Lithuania in Ukraine, held an online meeting dedicated to the current business climate in Ukraine and investment opportunities for Lithuanian companies.

The event brought together representatives of Lithuanian and Ukrainian businesses, government institutions, and investment organisations interested in entering the Ukrainian market, expanding existing operations, and exploring long-term partnership opportunities.

Opening the meeting, Inga Stanytė-Toločkienė, Ambassador of Lithuania to Ukraine, emphasised that despite the ongoing russian war of aggression, Ukraine continues to demonstrate strong economic resilience and remains an increasingly important destination for international business cooperation.

According to the Ambassador, companies interested in reconstruction, defence technologies, and long-term partnerships should already establish their presence in Ukraine today, as the market is rapidly developing and becoming increasingly competitive. She also highlighted the growing role of institutional cooperation between Lithuania and Ukraine, as well as new bilateral initiatives aimed at supporting business partnerships and investment projects.

Anna Derevyanko, Executive Director of the European Business Association and CEO & Co-founder of Global Business for Ukraine, presented an overview of the current state of business based on recent EBA member surveys.

Despite wartime conditions, Ukrainian businesses continue operating and investing. According to the presented data, 76% of EBA member companies currently operate at full capacity, while businesses have largely adapted to the realities of wartime operations, including energy disruptions, air raid alerts, and logistical challenges.

At the same time, companies continue to face significant challenges, particularly labour shortages, energy-related disruptions, and broader security risks. Nevertheless, businesses remain cautiously optimistic about future growth and investment opportunities.

Anna Derevyanko noted that 72% of surveyed companies plan to continue investing in Ukraine during wartime, while 20% are considering major investment projects. Businesses also continue investing in energy resilience, digitalisation, and AI solutions, while Ukraine’s EU integration process remains one of the key positive drivers for investor confidence. 

Particular attention was also paid to the EBA Investment Map, developed together with UkraineInvest and partners, which currently includes over 200 investment projects across various sectors and regions of Ukraine.

Viktoriia Volovenko, Head of the Analytics and Market Intelligence Department at UkraineInvest, spoke about the existing support mechanisms available to foreign investors entering the Ukrainian market.

She highlighted the growing ecosystem of war risk insurance and investment protection instruments available through both Ukrainian and international institutions, including MIGA, DFC, EBRD, and export credit agencies. 

Special attention was given to the state support programme for significant investment projects, often referred to as the “investment nanny” mechanism. The programme allows investors implementing projects worth at least EUR 12 million to receive state support of up to 30% of eligible capital expenditures through tax incentives, infrastructure support, customs exemptions, and other benefits.

In addition, Viktoriia Volovenko outlined the opportunities offered by Ukraine’s growing network of industrial parks, which provide investors with access to industrial land, tax incentives, and simplified conditions for launching production facilities.

Mariia Olenych, Board Member and Chief Revenue Officer at Prozorro.Sale, presented opportunities available through Ukraine’s transparent state asset auction system.

She explained that Prozorro.Sale operates as a transparent electronic auction platform for the sale and lease of state-owned assets, including real estate, land, state enterprises, mining licenses, and other public assets.

According to Mariia Olenych, the system was designed to ensure transparency, equal access, and competition, while minimising corruption risks. Since its launch, Prozorro.Sale has generated billions in revenue for the state and attracted both domestic and international investors.

Speakers also noted that the Ukrainian government continues simplifying privatisation procedures and expanding the list of assets available for investment, creating additional opportunities for foreign businesses interested in entering the market.

Maksym Shchurov, Project Manager at Prozorro, presented Ukraine’s electronic public procurement system and the opportunities it creates for non-resident suppliers.

He explained that Prozorro enables international companies to participate in public tenders financed both by the Ukrainian state budget and international financial institutions. The system provides English-language interfaces, transparent bidding procedures, and equal access to procurement opportunities.

According to Maksym Shchurov, nearly 300 contracts with foreign companies have already been signed through Prozorro in 2025 alone, demonstrating growing international participation in Ukraine’s procurement market.

The discussion also touched upon the future development of procurement procedures, including broader use of non-price criteria and value-for-money approaches, particularly for projects financed by international partners.

The European Business Association and Global Business for Ukraine thank the Embassy of Lithuania in Ukraine, speakers, and participants for the productive discussion and continued support of Ukrainian-Lithuanian business cooperation.

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