Greek investments in Ukraine estimated at 335 million euros
With developments in Ukraine taking a dramatic turn, Greek businesses with commercial activities in the Eastern European country have expressed concerns about…
With developments in Ukraine taking a dramatic turn, Greek businesses with commercial activities in the Eastern European country have expressed concerns about their investments. According to ELSTAT and the Office of Financial and Commercial Affairs of the Greek embassy in Kiev, the bulk of Greek-Ukrainian trade has been in decline over the past ten years, with both countries being secondary business partners of limited importance.
Greek imports from Ukraine are estimated to be worth about 190 million euros, while Greek exports towards the country are about 150 million euros. Greece primarily exports fossil fuels, fruit and chemical products and imports iron, steal, mineral fuels and oils. At present, Greek investments are estimated to be worth about 335 million euros (466.1 million dollars), most of which investments took place prior to 2011.
Amongst the Greek companies with commercial activities in Ukraine are Coca Cola Hellenic, Hephaestus, Alumil, Balkan, Etem, Profilco, Yioula, Neochimiki, Chipita, Sunlight, Printec, Germanos, Sarantis, Informer, Eurobank (via Universal Bank), Piraeus Bank (via JSC Piraeus Bank) and Alpha Bank (via JSC Astra Bank).