Vice PM Kubiv: Ukraine-Germany bilateral trade reached $8.1 bln last year

Vice PM Kubiv: Ukraine-Germany bilateral trade reached $8.1 bln last year

Germany is one of the largest trading partners of Ukraine, and the bilateral trade for the past year totaled $8.1 billion.

First Vice Prime Minister – Economic Development and Trade Minister of Ukraine said this at the international conference on Ukrainian-German relations, an Ukrinform correspondent reports.

"Germany is traditionally one of Ukraine's largest trading partners and powerful investors. The bilateral trade is growing and reached $8.1 billion in 2017," he said.

German investments in Ukraine, according to Kubiv, amounted to $1.8 billion in 2017.

"The lion's share of the investments is aimed at implementing the projects for production of the components for German automotive industry. A number of enterprises have been opened in various regions of Ukraine and employed about 4,500 people," the First Vice Prime Minister of Ukraine said.

He noted that the growth of German investment in the Ukrainian economy showed confidence in the reforms carried out in the country.


Let’s get started read our news at facebook messenger > > > Click here for subscribe

While citing and using any materials on the Internet, links to the website not lower than the first paragraph are mandatory. In addition, citing the translated materials of foreign media outlets is possible only if there is a link to the website and to the website of a foreign media outlet. Citing and using materials in offline media, mobile apps, Smart TV are allowed only with written permission from Ukrinform. News and publications marked as "Advertisement" and "PR" and articles in the section "Releases" include promoted content, and an advertiser is responsible for the content.

© 2015-2020 Ukrinform. All rights reserved.

Website design Studio Laconica

Extended searchHide extended search
By period: