Lviv region – one of the three areas of historical and cultural region of Galicia, an active participant of the Interregional Association “Carpathian Euroregion”. This region is one of the most economically developed, cultural, scientific and tourist destinations.
Competitive advantages of the Lviv region are:
– The region is a “gateway” to Europe;
– Stability of the region’s economic and entrepreneurial development;
– Qualified personnel;
– The high innovation and technological potential;
– Developed tourist and recreational complex;
– Significant potential for the development of ski tourism;
– The presence of many minerals (coal, natural gas, oil shale, salt pans, etc.);
– The region is the leading banking center in Ukraine.
In the Lviv region on its own balance sheet are 728 industrial enterprises and 1679 small industrial enterprises.
In the structure of industrial production is dominated by the following economic activities: manufacture of food products, processing industry, fuel and mining, engineering and metalworking, power generation, production of rubber and plastic products, timber, woodworking and pulp and paper industry, light industry.
|
№ |
Main export partners | %
|
Main import partners | %
|
| 1 | Poland | 16,8 | Belarus | 26,8 |
| 2 | Russian Federation | 13,1 | Poland | 22,0 |
| 3 | Germany | 11,7 | Germany | 10,3 |
| 4 | India | 7,1 | Lithuania | 4,2 |
| 5 | Denmark | 5,6 | China | 3,6 |
| 6 | Belarus | 4,1 | Russian Federation | 3,4 |
In the structure of export of services for economic activities predominated:
– Services in the field of information – 32.3%;
– Transport and communication services – 32.1%;
– Hotel and restaurant services – 6.6%;
– Services related to health care – 12.8%.
Businesses and organizations in the region is carried out foreign trade operations in more than 130 countries worldwide.In 2015 the economy of the area was drawn 1.2458 billion US dollars of foreign direct investment.
The volume of direct investments as of 2015
| № | Country | mln. dol. USA | % |
| 1 | Poland | 382,3 | 30,7 |
| 2 | Cyprus | 198,7 | 15,9 |
| 3 | Austria | 181,3 | 14,6 |
| 4 | Germany | 84,8 | 6,8 |
| 5 | Switzerland | 71,0 | 5,7 |
| 6 | Denmark | 61,8 | 5,0 |
| 7 | Virgin Islands (Brit.) | 48,7 | 3,9 |
| 8 | Holland | 38,2 | 3,1 |
| 9 | United Kingdom | 30,5 | 2,4 |
| 10 | Hungary | 23,4 | 1,9 |
| 11 | Canada | 19,4 | 1,6 |
| 12 | Other countries | 105,7 | 8,4 |
The volume of direct investments (equity) of the region’s economy in the world by the end of 2015 amounted to 35,316.0 thousand dollars USA.
Priority sectors for investment in this area are:
– Agriculture;
– Information and communication technologies;
– Processing and food industry;
– Energy;
– building sector;
– The transport and logistics sector;
– Tourist and recreational industry;
– Commercial real estate and land;
– Mechanical engineering;
– Instrument.