The competitive advantages of this area are:
– Economy of the region aimed at innovative – investment model of development, cross-border cooperation and the development of transit systems;
– Favorable economic – geographical position at the crossroads of Central, Eastern and Southern Europe, it borders with the European Union;
– A powerful scientific and educational center: 32 University, which operates 214 doctors of sciences and 1213 candidates of sciences, 181 professors, 825 associate professors;
– Advanced IT – the industry;
– Development of agricultural sector;
– Excellent ecological situation.
In Chernivtsi region has more than 250 industrial enterprises.
In the structure of industrial production is dominated by the following economic activities: production of electricity, gas, steam and conditioned air, food and beverage products, light industry, mechanical engineering, chemical and petrochemical industries.
Businesses and organizations in the region is carried out foreign trade operations with many countries of the world. In 2015, with the area of production was exported to 51 countries around the world. Imported goods were received from 68 countries.The competitive advantages of this area are:
– Economy of the region aimed at innovative – investment model of development, cross-border cooperation and the development of transit systems;
– Favorable economic – geographical position at the crossroads of Central, Eastern and Southern Europe, it borders with the European Union;
– A powerful scientific and educational center: 32 University, which operates 214 doctors of sciences and 1213 candidates of sciences, 181 professors, 825 associate professors;
– Advanced IT – the industry;
– Development of agricultural sector;
– Excellent ecological situation.
|
№ |
Main
Import Partners |
%
|
Main
Export Partners |
%
|
| 1 | Russian Federation | 25,0 | Turkey | 29,0 |
| 2 | Romania | 20,3 | Romania | 12,1 |
| 3 | Germany | 9,1 | Poland | 11,7 |
| 4 | Belarus | 8,3 | Germany | 7,8 |
| 5 | Italy | 5,6 | China | 5,2 |
| 6 | Iran | 4,7 | Syria | 4,8 |
| 7 | Moldova | 3,6 | Hungary | 3,4 |
| 8 | Turkey | 3,3 | USA | 3,2 |
| 9 | Poland | 2,2 | Italy | 2,8 |
| 10 | Russian Federation | 2,0 |
In 2015 59.3 million US dollars of direct investment was attracted into the economy of this area.
| Countries – investors | Volumes direct investment (Mln USD) |
In %
|
| Total | 59,3 | 100,0 |
| Including | ||
| The Netherlands | 15,1 | 25,5 |
| United Kingdom | 9,2 | 15,5 |
| Cyprus | 5,7 | 9,6 |
| Turkey | 4,1 | 6,9 |
| Romania | 3,7 | 6,2 |
| Italy | 3,3 | 5,6 |
| Israel | 3,0 | 5,1 |
| France | 2,4 | 4,0 |
| Germany | 2,4 | 4,0 |
| Estonia | …2 | …2 |
| Czech Republic | 1,8 | 3,0 |
| Poland | 1,5 | 2,5 |
| USA | 1,2 | 2,0 |
| Other countries | 2,7 | 4,6 |
Geographical structure of foreign trade in services in the region2015
| Export | Import | Balance | |||
| thousand dollars | in % to
2014 |
thousand dollars | in % to
2014 |
||
| Total | 19091,1 | 124,6 | 1755,9 | 121,8 | 17335,2 |
| Including | |||||
| Australia | 0,1 | 80,0 | – | – | 0,1 |
| Austria | 41,2 | 164,9 | 35,6 | × | 5,6 |
| Azerbaijan | 21,8 | 80,7 | – | – | 21,8 |
| Albania | 0,3 | × | – | – | 0,3 |
| Algeria | 2,3 | 87,6 | – | – | 2,3 |
| Afghanistan | 2,1 | 70,0 | – | – | 2,1 |
| Belgium | 4,6 | 120,5 | – | – | 4,6 |
| Belarus | 20,2 | 37,7 | 7,8 | 161,6 | 12,4 |
| Bulgaria | 68,2 | 2515,9 | 93,5 | × | –25,4 |
| Brazil | 0,2 | × | – | – | 0,2 |
| British Indian Ocean Territory | 4,0 | × | – | – | 4,0 |
| United Kingdom | 128,7 | 55,5 | 12,8 | 4,4 | 115,9 |
| Virgin Islands (Brit.) | 1,0 | × | – | – | 1,0 |
| Armenia | 3,1 | 14,6 | – | – | 3,1 |
| Ghana | 250,0 | 101,6 | – | – | 250,0 |
| Greece | 4,3 | 88,4 | – | – | 4,3 |
| Georgia | 18,4 | 93,0 | 749,0 | 414,5 | –730,6 |
| Denmark | 3,2 | 30,1 | – | – | 3,2 |
| Djibouti | 1,6 | 44,6 | – | – | 1,6 |
| Dominican Republic | 3,6 | × | – | – | 3,6 |
| Estonia | 10,1 | 142,7 | – | – | 10,1 |
| Ethiopia | 3,1 | 30,3 | – | – | 3,1 |
| Emen | 6,2 | 93,5 | – | – | 6,2 |
| Zambia | 1,6 | 65,9 | – | – | 1,6 |
| Zimbabwe | 1,6 | × | – | – | 1,6 |
| Israel | 8,3 | 65,2 | – | – | 8,3 |
| India | 3470,0 | 134,1 | 48,1 | × | 3421,9 |
| Iraq | 0,0 | 33,3 | – | – | 0,0 |
| Iran, Islamic Republic of | – | – | 186,1 | 1215,3 | –186,1 |
| Ireland | 13,5 | 175,1 | – | – | 13,5 |
| Spain | 8,5 | 411,1 | – | – | 8,5 |
| Italy | 190,2 | 109,1 | 66,1 | 1258,5 | 124,1 |
| Jordan | 295,9 | 117,6 | – | – | 295,9 |
| Kazakhstan | 10,9 | 44,6 | – | – | 10,9 |
| Cameroon | 5,6 | 151,9 | – | – | 5,6 |
| Canada | 1229,4 | 133,3 | 43,4 | × | 1186,0 |
| Kenya | 4,1 | 113,6 | – | – | 4,1 |
| China | 11,4 | 24,3 | – | – | 11,4 |
| Cyprus | – | – | 89,3 | 66,1 | –89,3 |
| Former Yugoslav Republic of Macedonia | 2,0 | × | – | – | 2,0 |
| Colombia | 0,1 | 72,7 | – | – | 0,1 |
| Latvia | 25,5 | 192,0 | 32,3 | 2938,2 | –6,8 |
| Lithuania | 21,3 | 15,6 | 0,5 | × | 20,9 |
| Libya | 8,5 | 71,3 | – | – | 8,5 |
| Luxembourg | 50,5 | 696,8 | – | – | 50,5 |
| Moldova, Republic of | 83,0 | 53,9 | – | – | 83,0 |
| Nigeria | 67,2 | 87,6 | – | – | 67,2 |
| Holland | 866,4 | 69,8 | 4,3 | 94,1 | 862,1 |
| Germany | 4983,0 | 326,0 | 20,5 | 13,4 | 4962,4 |
| Nepal | 0,8 | 25,5 | – | – | 0,8 |
| Norway | 0,2 | 175,0 | – | – | 0,2 |
| United Arab Emirates | 35,7 | 247,9 | 13,5 | × | 22,2 |
| Pakistan | 2,8 | 66,2 | – | – | 2,8 |
| Poland | 608,1 | 72,2 | 36,4 | 14,4 | 571,6 |
| Portugal | 6,7 | 195,3 | – | – | 6,7 |
| Russia | 218,4 | 63,9 | 60,5 | 63,9 | 157,8 |
| Romania | 5306,0 | 101,9 | 1,2 | 1054,5 | 5304,9 |
| Senegal | 1,3 | × | – | – | 1,3 |
| Serbia | 2,2 | 3185,7 | – | – | 2,2 |
| Syrian Arab Republic | 21,1 | 89,8 | – | – | 21,1 |
| Slovakia | 5,2 | 3070,6 | – | – | 5,2 |
| Slovenia | 0,9 | 4300,0 | 0,7 | 46,5 | 0,1 |
| Somalia | 1,1 | 10,4 | – | – | 1,1 |
| Sudan | 7,1 | 266,2 | – | – | 7,1 |
| USA | 459,7 | 111,5 | 14,0 | 102,9 | 445,7 |
| Taiwan, Province of China | 10,9 | 32,7 | 3,9 | × | 7,0 |
| Tunisia | 0,9 | × | – | – | 0,9 |
| Turkey | 238,1 | 61,2 | 12,1 | × | 226,0 |
| Turkmenistan | 0,2 | × | – | – | 0,2 |
| Hungary | 0,5 | 144,1 | – | – | 0,5 |
| Finland | 8,7 | 108,9 | – | – | 8,7 |
| France | 53,9 | 131,0 | – | – | 53,9 |
| Czech Republic | 73,6 | 108,4 | 106,8 | 76,3 | –33,2 |
| Switzerland | 70,4 | 358,9 | 117,6 | 2122,0 | –47,2 |
Priority sectors for investment in this area are:
– Highly productive agricultural sector;
– Technological upgrading food, light and woodworking industries;
– Recreational and tourist industry;
– Housing and utilities;
– transport infrastructure;
– Cross-border cooperation.