KYIV, Ukraine, February 7, 2012 /PRNewswire/
The representatives of German businesses recognized recent improvements in Ukraine's investment climate, stated President of Ukraine Viktor Yanukovych after meeting with German entrepreneurs in Munich.
According to the president, foreign investors operating in Ukraine also praised betterment of working conditions for the entrepreneurs.
Germany is one of Ukraine's key economic partners, for the volume of the country's foreign trade transactions with Germany ranks second in the world (after Russia) and number one within the European Union. As of 2011, Germany contributed 16 percent of FDI in Ukraine, stated theGerman Ambassador to Ukraine Hans-Jurgen Heimsoeth in his recent interview. He also added that the potential was much higher and it was by no means exhausted.As of 2010, Germany has had up to EUR 6 billion euros in trade turnover and EUR 5.4 billion in cumulative FDI in Ukraine.
