Built on steel and coal, Donetsk Oblast has a long history of industry, but now the region is looking to diversify its offerings. With investment opportunities in new technologies, tourism, logistics and warehousing, backed up by political will, the region looks set to prosper.
Strategically placed between Asia, Europe and the Middle East, Donetsk Oblast's potential as a transport hub - by rail, air or sea - has long been recognised. Now that investment is being thrown at the sector, this potential looks set to be realised.
Foreign companies looking to invest in Ukraine for the first time can often be put off by what seems to be a vast and complicated path to doing business. To help such companies, Donetsk has many investment agencies and business associations to make the process easier.
Much of the FDI into Donetsk Oblast is concentrated on its largest city and administrative centre, Donetsk, but with industrial hubs spread across the region, there are plentiful investment opportunities elsewhere, which the region's officials are working on ways to promote.
Governor of Donetsk Oblast Andriy Shishatsky tells fDi about the work the region is doing to become the number one destination for new investment projects in Ukraine.
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