The trade and economic cooperation between Ukraine and Latvia is one of the fundamental pillars of the bilateral relationships. In 2019, the Ukrainian bilateral trade with Latvia totalled over USD 564 million (in 2018 – USD 553 million).
Pursuant to the results of export-import operations during the particular period, the trade and economic relations between Ukraine and Latvia performed with a growth rate of over 2%.
Accordingly, over the indicated period the total volume of export of goods and services contracted by 3% to USD 350 million (2018 – USD 363 million). Import grew by 12% towards USD 214 million (2018 – USD 191 million). The balance is positive – USD 136 million.
Particularly, the volume of trade in goods boosted by 4.5% to USD 467 million (2018 – USD 447 million): exports expanded by 2% to USD 300 million (2018 р. – USD 294 million), imports increased by 9% to USD 166 million (2018 р. – USD 152 million). The balance is positive – USD 110 million. Across service sectors, the trade performance fell 8% to USD 98 million (2018 – USD 107 million): exports narrowed by 27% to USD 50 million (2018 р. – USD 68 million), imports increased by 21% to USD 48 million (2018 р. – USD 38 million). The balance is negative – minus USD 2.7 million.
Among the main sectors of trade and economic relationship between Ukraine and Latvia are agriculture, transport and other areas of mutual interest.
Amid the COVID-19 pandemic and following the results covering a period of January – February 2020, trade in goods shrank by 18% to USD 53 million (2018 р. – USD 64.3 million): exports declined by 8.1% to USD 36.6 million (2018 р. – USD 40 million), imports tumbled 32.6% to USD 16.4 million (2018 р. – USD 24.3 million). The balance is positive – USD 20.2 million.
As at the beginning of 2020, the volume of direct investments from Latvia to Ukraine has edged up slightly higher to USD 44.2 million (picking up at a 2.8% rate – USD 0.2 million). The volume of Ukraine’s investments into Latvia has advanced to USD 73 million (increasing by 0.7% – USD 0.5 million).
As of May 2020, 1183 enterprises with Ukrainian investments are registered in Latvia. The main focus of investments centres upon financial and real estate businesses.
In April 2020, the Ukrainian Embassy in Latvia has supported the setting up of a new interactive online platform “Trade House UKRAINA” in Riga: https://thukraina.com/en/. Such a platform is intended for processing the commercial offers of Ukrainian exporters with promoting the Ukrainian goods to be traded in the European market. The Trade House is headed by Ms Jekaterina Petrovska (a citizen of the Republic of Latvia) serving as the Director General of the newly registered legal entity.
Association of enterprises, organizations, firms of different ownership type, promotes the arrangement of business co-operation, thus participating in formation of multi-sided economy of our region, strengthening of its authority.
Improving of Donetsk Chamber of Commerce and Industry member competitiveness. Provision of services to businessmen in their activities in domestic and foreign markets. Supporting of principles of an open economy.
The official public organisation in the sector of marketing services in Ukraine, which unites the main company representatives who work in non-ATL industry into a marketing community, participating in development of marketing communications in Ukraine. International Association of Marketing Initiatives (IAMI) is founded to push marketing and advertisement services to the level of the most attractive and the most respectable segment of marketing services industry in Ukraine, ensure that the key role of marketing services and its contribution to brand equity are accepted within the general marketing process.
We provide comprehensive support to entrepreneurs who want to establish and develop mutually beneficial economic relations with foreign countries, learning new forms of cooperation and expanding of business boundaries. Kherson district - the southern region of Ukraine. Specific geographical situation in the region downstream of the Dnieper, the transport routes, including access to two seas - the Black and Azov, combined with favorable weather conditions and a wonderful human potential provides great opportunities for the development of economic and trade connections and profitable cooperation in the field of investment.
Khmelnytskyi Chamber of Commerce and Industry is an important component of the region's integration into the world's economy. The main Chamber's task is to create favorable conditions for domestic companies, to represent and protect their interests at all levels, to promote direct connection with foreign partners in economics, science and trade sector, investor search and qualified investment project preparation.
The target of the operation of the Kyiv Chamber of Commerce and Industry is the economy development promotion and creation of favourable conditions for business activities in the Kyiv region. The Chamber represents its members in matters connected with their business activities both in and outside Ukraine, promotes the development of market relations in its region, business activities in all their forms, export of Ukrainian goods. It gives consultations on trade transactions on the domestic and foreign markets, development of new cooperation forms, organises collaboration between business entities, coordinates their relations with the State represented by its bodies and also with potential partners.
Our primary goal - to promote the development of national economy, to improve relationships between businessmen, strengthen industrial, scientifically technical and trade connections to effectively assist our region business and to take meaningful steps towards integration into the international economic community. Chamber of Commerce and Industry's authority, a wide range of services and high professionalism of employees is recognized and respected within regional business community.
Odessa Regional Chamber of Commerce and Industry signed agreements with 37 foreign Chambers of Commerce and Industry, which allows to receive operational information on enterprise operation in foreign countries, exchange with commercial offers, expand economic contacts with foreign countries. Odessa Regional Chamber of Commerce and Industry structure includes Iljicheva, Izmaila and Renia companies, as well as Belgorod-dnestrovska group.
In Sevastopol Chamber of Commerce and Industry structure operates international cooperation department whose primary responsibility is business support in international cooperation matters, local business sales market expansion in Ukraine and abroad, as well as new business project development. Department specialists have professional knowledge and extensive experience in their professional activity field, they work closely with foreign partners, using in their work the world's best business practice.
Sumas Chamber of Commerce and Indistry is the center of advanced market relationship idea development and stabilization in the district. It has become reliable ally and supporter of region's entrepreneurs . Chamber's activities are gaining new vigor, has increased and continues to increase its authority in this region, in Ukraine and in the world, which allows to look in the future with optimism and confidence and set more ambitious goals.
All-Ukrainian public organization, founded by professional features whose aim is not profit-making. UMA members at their work hold on Marketing Research quality standards UMA-СОУ 91.12.0-21708654-001-2002, ESOMAR guidelines and directives.
Commerce and industry chambers was created to promote the national economy, its integration into the global economics system, formation of modern industrial, financial and trade infrastructure, an enabling business environment, comprehensive development of all types of business not prohibited by the laws of Ukraine, scientific technical and trade ties between Ukrainian businessmen and entrepreneurs in foreign countries.
The Ukrainian Chamber of Commerce and Industry (CCI) is a non-government and non-profit self-governing organisation incorporating on a voluntary basis legal entities and Ukrainian citizens registered as entrepreneurs as well as their associations. Nearly 10,000 enterprises and companies of different forms of property are now members of the Ukrainian Chamber of Commerce and Industry. The main objective of the CCI is creating favourable conditions for the entrepreneurial activity, assisting all-round development of scientific, technological and trade relations between Ukrainian economic operators and their foreign partners, representing economic concerns of the chamber members in Ukraine and overseas:
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+38 044 586 40 67
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The Ministry of Economy (MEDT) is a leading agency within the system of Ukraine’s government agencies and institutions, responsible for implementation of the uniform government policy of national and regional economic and social development and cooperation with the European Union. Among other actions, MEDT aims to facilitate local executive agencies and local self-governing agencies in arranging relations and ties with the European regional organizations and their participation in the European regional programs, engagement of Ukrainian enterprises, institutions and organizations in the participation of branch programs of the EU:
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+38 044 596 68 53
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MINISTRY OF FOREIGN AFFAIRS OF UKRAINE
The Ministry of Foreign Affairs of Ukraine (MFA), namely its structural department – Mission of Ukraine to the EU (MUEU-MFA) – is a permanent diplomatic representation of Ukraine to the European Union. MUEU-MFA is a public body responsible for the development of Ukraine – EU bilateral relations in all important spheres. Having the promotion of trade and economic cooperation among its top priorities the Mission has vast experience in delivering the related services to different stakeholders. MUEU-MFA is constantly involved in a number of Ukraine-EU dialogues, namely in the fields of trade and investments, regulatory framework, SME policy, research and innovations, etc.:
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The Institute of Physics (IOP) being represented in the Consortium by its Technology Transfer (TT) Department (TT-IOP) is a non-profit state organization headquartered in Kyiv. The Institute maintains a fruitful cooperation with R&D institutions worldwide. TT-IOP experts who are mainly involved in the EEN activities have experience in managing different national projects and programs aimed at stimulating technology adoption in SMEs, organization of company missions, international technology meetings, summer schools, international conferences; creation of different websites etc.:
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Taras Shevchenko National University of Kyiv is today a classic university with a distinct research profile, and the leading contemporary academic and educational hub of Ukraine. The high status of a classical research University is underpinned by the numerous academic achievements. There are 13 Faculties within the University, inter alia, Cybernetics, Mathematics and Mechanics, Information Technology, Radio Physics, Electronics and Computer Systems, Physics, Chemistry and others. Kyiv University has a number of other facilities such as the High Technology Centre, the Institute of Geology, the Institute of Biology, Optical and Mechanical College, Geological Exploring College, Physical and Mathematical Lyceum. The University has bilateral partnership agreements with 227 foreign educational and scientific institutions from 57 countries:
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Association “Spozhyvach” is a non-government organization that unites businesses representing different branches of Ukrainian industry (agriculture, food, energy, machine building, construction, ICT). The first priority for Association is to contribute to the sustainable growth of its members by means of internationalization. Association has accumulated experience in facilitation of cross-border partnerships:
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