In 2025, Ukraine’s investment climate demonstrated a shift from restrained expectations to practical decisions and concrete transactions. Despite the ongoing martial law, international corporations and financial institutions continued to integrate Ukrainian assets into their long-term strategies, viewing Ukraine as an important part of European logistics and manufacturing value chains.

Among the key developments of the year:

• Hamburger Hafen und Logistik AG (HHLA) acquired a 60% stake in the Eurobridge multimodal terminal in the Zakarpattia region. The project, located near the EU border and at the intersection of international railway corridors, предусматривает phased expansion with an initial capacity of up to 100,000 TEU per year.
• The Ukraine Investment Fund, established under the management of Norfund, announced its first investment initiative aimed at the development of the M10 industrial park in Lviv. The project provides for the development of a modern industrial hub covering 23.5 hectares in Lviv, which will provide international and local businesses with manufacturing and logistics facilities.
• Kingspan Group announced plans to invest more than €200 million in the creation of a manufacturing campus in western Ukraine, focused on the production of thermal insulation and heating solutions.
• Bunge continues to expand its presence in Ukraine, completing the phased acquisition of assets of the ViOil group, including the Vinnytsia oil and fat processing plant.

The increase in private investment activity is taking place in parallel with effective state privatization. As a result of the first three quarters of 2025, privatization revenues exceeded UAH 7.7 billion, which became a record figure for the comparable period. Large-scale privatization will continue in 2026.