The Ukrainian economic system is gradually recovering after the economic
crisis. Nowadays, the most stable industries are those that are
focused on meeting domestic client’s basic needs and are
involved into import-substituting products processes. Food industry
is among those.
This industry has more efficiently coped with crisis and has already
started expanding its production volumes in 2010. This is rather
profitable business with a good assets turnover. It should be noted
that both Ukrainian food and agriculture industries are the engine
that is able to provide significant GDP growth and assist in taking
one of the global market niches in the future.
Among the most attractive food industry segments for investors
there are confectionary production (especially chocolate production).
There is also an increase of investors interest in the segment
of beverages, ice-cream and dairy products, pasta, bread and cereal
products. Fish and seafood, meat and meet products industries have
also a chance for prospective development.
Ukraine’s
entry into WTO has raised several important questions for further consideration
by Ukrainian government, among those there are:
• settlement of export-import processes;
• control regulation and supervision over food industry sector and
food industry processes;
• harmonization of legislative instructions and norms in following
industries food products, control over the laboratories cooperation with
clients, personnel training and preparation.
