he oblast’s trade balance is
positive. The Khmelnytsky oblast has established partner relations with
84 countries and this list is expanding. Considerable turnovers have
former with the Russian Federation, Germany, and Belarus.
Over 1/3 of export is the alive animals and animal husbandry products.
Machinery and equipment, food industry products, paper products, and
building materials are also exported.
Main terms of import are transport facilities and spare parts,
electrical equipment, TV and radio devices, mineral products, plastics
The advantageous transport-geographical location together with
considerable manpower resources under market reformation conditions of
the Ukrainian economy create a potential for attraction of foreign
investments. The amount of foreign investments in the oblast is
constantly growing. Representatives of 27 countries became the partners
of the Khmelnytsky oblast. The largest amounts of foreign investments
come from Germany, Cyprus, Belarus, and the USA. Joint ventures with the
Great Britain, Hungary, Czech Republic and the Bahamas have been
started. 15 sectors of the oblast’s economy have attracted interest.
Machine building, metalworking, domestic trade, food industry and
agriculture have received the considerable share of investments.
The major part of foreign investments has been obtained by the
collective ownership enterprises, the rest – by the private and
state-owned ones. The goal of investment attraction is to create new
jobs, expansion of production, and saturation of the market with goods
The oblasts economy requires long-term relations with strategic
investor. Numerous enterprises of various forms of ownership are
interested in obtaining direct investments and look for cooperation in
order to obtain advanced technologies and management experience.
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