Trade and investment

Ukraine is a country with a rapidly developing economy and market opportunities. The Norwegian Embassy in Kiev has a trade representative assigned to help Norwegian trade and industry find opportunities in the Ukrainian market. A Norwegian-Ukrainian Chamber of Commerce (see www.nucc.no) was established in Oslo on 22 November 2008 and is involved in activities aimed at supporting bilateral business development.

The Embassy assists Norwegian business and industry (and in some cases Ukrainian) within the scope of a work plan in this field, see below. Special focus areas are tourism, seafood, mining, hydro power, bioenergy, shipping and the maritime sector, and the petroleum sector. Telecommunications and information technology are already very promising and developing areas of Norwegian-Ukrainian cooperation.

Norway takes corporate social responsibility seriously. The Embassy works to ensure that Norwegian investors in Ukraine adhere to law, ethical standards and international norms. More information is available on corporate social responsibility (in Norwegian). For information about Business-Anti Corruption's assessment of Ukraine, click here.

More about specific sectors:

Norwegian companies in Ukraine 
Seafood
Maritime industry
Tourism
Other industries  

 

Norwegian Embassy

 

Kiev

 

Promoting trade and investment

 

NorwayUkraine

 

2010

 

 

The Norwegian Embassy in Kiev is engaged in a range of activities aimed at promoting and increasing Norwegian-Ukrainian trade and investment.

 

General export services

 

The Embassy provides free of charge “general export services” to Norwegian companies and also extends some similar assistance to Ukrainian entities seeking information or partners in Norway. Services to Norwegian companies include readily available information and assistance which is not very time consuming (2-3 hours). Examples: elaboration of long and short lists of Ukrainian companies by economic sectors; advising on standard procedure of registering an entity in Ukraine; search for information on legal aspects of export/import operations of particular commodity groups etc.

 

We also provide information and advice concerning the general regulatory framework in Ukraine, foreign relations and domestic political situation and trends, trade policy issues, other background information etc. of relevance to interested Norwegian entities.

 

Economic/commercial focus sectors

 

The Embassy pays special attention to market issues and business development in the following key sectors in Ukraine:

 

·         Fish/seafood

·         Telecommunications

·         Information technology

·         Shipbuilding and the maritime sector

·         Tourism

·         Renewable energy (hydro power, bio-energy, wind power)

·         Energy efficiency and environmental technology

·         Carbon management

·         Petroleum exploration and production

·         Mining

 

The Embassy carries out some media monitoring and may issue market updates or “fact sheets” with regard to priority sectors. The Embassy collects and maintains information on relevant market actors, distributes brochures and other information, may organise presentations and individual meetings for Norwegian companies, advises Innovation Norway and companies on upcoming sector exhibitions and conferences and may facilitate their participation at such events.

 

Observation issues

 

The Embassy monitors the general economic and financial situation in Ukraine, reports on the development and stays informed also on trends and events with regard to real estate, financing, transport, infrastructure, agriculture and other areas of the Ukrainian economy. Of particular interest are:

 

·         Ukrainian scientific and industrial research and development activities, issues relating to the establishment of innovation parks, techno-parks, incubators

·         Operations of the Norwegian investment fund for Eastern Europe (managed by Innovation Norway)

·        Seed Forum's activities in Ukraine

·        Activities of international financing institutions, such as the IMF, IBRD, EBRD, NIB and NEFCO

 

Supporting activities

 

The Embassy is involved in a range of activities in Ukraine which indirectly is of relevance to strategic business development, such as promotion of good governance, education and research, cultural cooperation, health and the environment. Our aim is to seek business synergies, inter alia through:

 

·        Contact with relevant Ukrainian entities, government ministries and agencies, chambers of commerce and industry, Academy of sciences institutions, etc.

·         Projects financed by the Norwegian Ministry of Foreign Affairs in cleaner production and energy efficiency, higher education, the environment/ climate change, retraining of personnel, health, CSR, conversion

·        Projects financed by Norway within the framework of the EEA and Norwegian financing mechanisms (Norwegian-supported projects in the EU with cross-border activities in Ukraine)

·         EFTA technical assistance projects in Ukraine

·         UNDP (and other UN-agencies)-led/funded programmes

·         Cooperation with the European Business Association and the American Chamber of Commerce in Kiev

 

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