Investors' interest in Ukrainian projects remains, but it has become more targeted

25.01.2026

Yevhen Savchenko, Director of the Investment and Development Department at TERWIN

Over the past six months, Ukraine's investment climate has remained moderately stable, yet at the same time, cautious.

Investor interest in Ukrainian projects persists, but it has become more targeted and selective. Investors are more inclined to enter industries that demonstrate stable demand and export potential, or those that qualify for international support programs. Concurrently, overall interest from foreign investors in major infrastructure projects is still being held back by security considerations.

Military risks remain the key deterrent. Investors meticulously evaluate the geographical location of projects, logistics routes, and the feasibility of rapid relocation of production facilities. The readiness to invest in frontline regions is minimal. Conversely, there is growing interest in projects within the central and western regions, where risks are lower and the infrastructure allows for more stable operations.

International financial institutions, donors, and partner organizations are actively promoting investment guarantee mechanisms and business lending. The government is also working to improve the regulatory environment; however, in practice, businesses often encounter bureaucratic delays. Support exists, but the processes require acceleration.

On Investment Prospects

I see potential for investment growth throughout this year, particularly for projects related to modernization, energy efficiency, processing, and import substitution. This will be made possible by further strengthening investor guarantees, implementing transparent state support mechanisms, expanding international financing programs, and developing logistics and infrastructure. Under favorable conditions, this year could become a period of gradual recovery in investment activity.