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EY supported the organizing of online meeting on investment into the automotive industry of Ukraine

25/ 06/ 2021
  KYIV, 23 June 2021. EY together with UkraineInvest, the National Investment Council and the Ministry of Foreign Affairs arranged an online meeting with world leading companies in automotive manufacturing. One of the top priorities of the Government of Ukraine is enhancement of foreign direct investments (FDI). The Government is to create an appropriate environment for attracting foreign investors to the country. EY Ukraine with the support of the United States Agency for International Development (USAID) under the Project “Competitive Economy of Ukraine”, directly advises the Government of Ukraine on development of FDI strategies.    As a part of FDI strategy development, the Advanced Manufacturing with the focus on automotive segment is also prioritized. This online meeting was important in terms of informing world’s top manufacturers about the advantages of locating their production capacities in Ukraine. Currently, the total investment amount in the sector comprises EUR 400-800 mln. There are already 22 global and regional manufacturers operating in the Ukrainian market today, including ODW Elektrik, SEBN, Jabil and others, where more than 60 thousand people are officially employed. During the call, the representatives of these companies shared their experience, production models and activity in Ukraine. The call was moderated by Bogdan Yarmolenko, Strategy and Transactions Leader in EY Ukraine. Among the participants of the call were also Dmytro Senik, Deputy Foreign Minister, Chief Digital Transformation Officer, Sergiy Tsivkach, Executive Director in UkraineInvest, Olga Magaletska, Head of the Office of the National Investment Council, as well as the IFC and EBRD representatives. “Being located in the center of Europe with its strong technological and scientific resources, Ukraine should become the main destination for investments and production expansion of many world companies, and the state authorities as well as such companies as EY should support this initiative”, - commented Bogdan Yarmolenko. About EY EY exists to build a better working world, helping to create long term value for clients, people and society and build trust in the capital markets. Enabled by data and technology, diverse EY teams in over 150 countries provide trust through assurance and help clients grow, transform and operate. Working across assurance, consulting, law, strategy, tax and transactions, EY teams ask better questions to find new answers for the complex issues facing our world today. EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. Information about how EY collects and uses personal data and a description of the rights individuals have under data protection legislation are available via ey.com/privacy. For more information about our organization, please visit ey.com. Contacts Nataliya Letik Marketing manager, EY Ukraine Nataliya.Letik@ua.ey.com

KYIV, 23 June 2021. EY together with UkraineInvest, the National Investment Council and the Ministry of Foreign Affairs arranged an online meeting with world leading companies in automotive manufacturing.

One of the top priorities of the Government of Ukraine is enhancement of foreign direct investments (FDI). The Government is to create an appropriate environment for attracting foreign investors to the country. EY Ukraine with the support of the United States Agency for International Development (USAID) under the Project “Competitive Economy of Ukraine”, directly advises the Government of Ukraine on development of FDI strategies.   

As a part of FDI strategy development, the Advanced Manufacturing with the focus on automotive segment is also prioritized. This online meeting was important in terms of informing world’s top manufacturers about the advantages of locating their production capacities in Ukraine. Currently, the total investment amount in the sector comprises EUR 400-800 mln.

There are already 22 global and regional manufacturers operating in the Ukrainian market today, including ODW Elektrik, SEBN, Jabil and others, where more than 60 thousand people are officially employed. During the call, the representatives of these companies shared their experience, production models and activity in Ukraine. The call was moderated by Bogdan Yarmolenko, Strategy and Transactions Leader in EY Ukraine. Among the participants of the call were also Dmytro Senik, Deputy Foreign Minister, Chief Digital Transformation Officer, Sergiy Tsivkach, Executive Director in UkraineInvest, Olga Magaletska, Head of the Office of the National Investment Council, as well as the IFC and EBRD representatives.

“Being located in the center of Europe with its strong technological and scientific resources, Ukraine should become the main destination for investments and production expansion of many world companies, and the state authorities as well as such companies as EY should support this initiative”, – commented Bogdan Yarmolenko.

About EY

EY exists to build a better working world, helping to create long term value for clients, people and society and build trust in the capital markets.

Enabled by data and technology, diverse EY teams in over 150 countries provide trust through assurance and help clients grow, transform and operate.

Working across assurance, consulting, law, strategy, tax and transactions, EY teams ask better questions to find new answers for the complex issues facing our world today.

EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. Information about how EY collects and uses personal data and a description of the rights individuals have under data protection legislation are available via ey.com/privacy. For more information about our organization, please visit ey.com.

Contacts

Nataliya Letik

Marketing manager, EY Ukraine

Nataliya.Letik@ua.ey.com

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