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Review of the investment potential of Zhytomyr region

Zhytomyr region - developed agro-industrial regions of Ukraine.
The competitive advantages of the region are:
- An investment partnership with 98 countries in the world;
- 430 existing enterprises with foreign capital;
- The unique natural resources: fertile black soil, 80% of national reserves of titanium ore and quartzite;
- 4th place in Ukraine on the number of forest resources, place 1 in the number of common stocks of wood;
- A large number of wood-processing enterprises;
- The presence of the high potential for organic agricultural production.
On the territory of the Zhytomyr region, there are more than 400 enterprises of the main circle.
 In the structure of industrial production is dominated by the following economic activities: manufacture of food products, manufacture of non-metallic mineral products, wood processing, mining, machinery manufacturing, chemical production.
Enterprises in the region exporting products to many countries around the world.

 

Main export partners

%

 

Main import partners

%

 

1

Russian Federation

35,2

Poland

17,0

2

Turkey

8,1

Germany

12,2

3

Poland

6,4

Belarus

8,6

4

Germany

6,2

China

7,5

5

Belarus

6,1

Russian Federation

7,00

6

Italy

5,0

Italy

6,5

7

Moldova

2,8

USA

5,7

8

Switzerland

2,7

Turkey

3,0

9

Kazakhstan

1,9

France

2,8

10

 

 

Slovakia

2,5

11

 

 

Holland

2,5

12

 

 

Hungary

2,4

13

 

 

Czech Republic

2,0

In 2015 the economy in the Zhytomyr region was attracted 250.3 million. US dollars of direct investments from 49 countries of the world.

The volume of direct investments in the region as of 2015

Country

mln.dol. USA

 %

1

Cyprus

123,7

49,4

2

Holland

36,4

14,6

3

Switzerland

16,9

6,8

4

Germany

8,8

3,5

5

Russia

8,4

3,3

6

Poland

8,0

3,2

7

Virgin Islands (Brit.)

6,7

2,7

8

Italy

6,2

2,5

9

United Kingdom

5,8

2,3

10

Austria

3,4

1,4

11

Israel

3,4

1,3

Geographical structure of foreign trade in goodsZhytomyr region in 2015

 

Export

Import

Balance

thousand dollars

in % to

2014

thousand dollars

in % to

2014

Total

441318,7

66,4

246377,7

86,2

194941,0

Including

 

 

 

 

 

Azerbaijan

4974,5

40,2

4974,5

Belgium

2888,4

64,2

606,0

38,8

2282,4

Belarus

19164,6

44,3

48377,2

585,2

–29212,6

United Kingdom

6345,0

93,8

1052,1

75,2

5292,9

Georgia

11436,3

115,8

46,8

35,2

11389,5

Denmark

3879,2

92,8

4199,8

62,1

–320,6

Egypt

7741,8

60,0

182,2

37,6

7559,6

Israel

3281,1

71,0

529,4

59,9

2751,7

India

6035,1

144,6

1473,7

76,1

4561,4

Spain

11855,6

76,3

3772,8

80,0

8082,8

Italy

27736,4

91,4

22741,6

88,4

4994,8

Kazakhstan

6158,6

58,5

503,1

20,4

5655,5

China

11128,8

39,5

12782,9

79,3

–1654,1

Lithuania

4940,2

20,0

563,5

50,1

4376,7

Lebanon

2660,4

256,0

2660,4

Morocco

2674,5

378,5

2674,5

Moldavia

8857,8

68,6

508,0

123,1

8349,8

Holland

9954,6

70,6

5075,6

64,2

4879,0

Germany

36925,3

76,9

29981,8

72,0

6943,5

Poland

40400,2

137,1

37837,1

77,7

2563,1

Russia

64043,6

38,0

15626,3

58,4

48417,3

Romania

24421,1

132,3

2528,6

54,6

21892,5

Slovakia

2781,0

70,4

1886,5

35,0

894,5

USA

955,6

34,1

9072,1

70,7

–8116,5

Turkey

37641,2

107,5

4384,9

47,8

33256,3

Hungary

15464,7

106,6

9214,2

95,8

6250,5

Uzbekistan

1689,6

24,9

2638,5

291,2

-948,9

France

3324,5

64,1

1956,8

42,8

1367,7

Czech Republic

4831,7

79,1

6180,6

86,2

–1348,9

Switzerland

16784,2

114,1

2520,6

65,8

14263,6

Sweden

4124,5

89,3

3820,1

89,5

304,4

Priority sectors for investment in the region are:

- Agribusiness;

- Growing of flax, recovery plants for processing of flax;

- Construction of tourist facilities;

- Development of rural tourism;

- Production of equipment for alternative energy sources;

- Manufacture of electrical products;

- Construction of logistics facilities;

- The creation of industrial parks.