Manufacturing in Ukraine
Heavy manufacturing companies play important role in the country's economy. Although this field has undergone plenty of changes, it still enjoys positive results.
The light manufacturing industry has also been demonstrating excellent performance recently. Both areas continue developing, being especially attractive destinations for investment.
Despite the economic turmoil and the crisis, all directions of manufacturing in Ukraine are developing. This is especially obvious in the textile industry. It is the fastest-growing manufacturing industry in Ukraine in recent years. This largely promotes investment growth, which experts believe to be a significant achievement. Due to investment inflow, it becomes possible to establish high-quality production, create new job opportunities and generally improve positions of Ukraine manufacturing industry.
However, there is a minor problem – the workforce outflow to the neighboring states. This situation forced manufacturing companies in Ukraine to raise salaries. However, labor remuneration in the country is still one of the lowest in Europe, which always attracts investors.
What advantages does Ukraine manufacturing have:
- an excellent raw material basis
- highly qualified specialists
- a well-developed infrastructure
Given the high demand for high-quality materials and products, the Ukrainian industry is rather popular all over the world
Besides this, light manufacturing ideas keep attracting investors who are investing in promising startups
More than 2000 factories are operating in Ukraine that account for almost 70-80% of exported goods