Ukrainian market

Guide to doing business in Ukraine

We are happy to introduce you to the “New Ukraine” and to the great potential that lies in this country – revealed in this guide! We believe there are vast opportunities for increased cooperation between Norway and Ukraine within many areas. Ukraine has a large and well-educated population. The market is big. It is a low-cost country. There are great natural resources. The economy will be growing. Ukraine is getting closer to Europe every day, and will become increasingly interesting for investment and business in the years to come, due to democratic and economic development, market reforms and European integration. Fish export, IT outsourcing and the shipbuilding industry have traditionally been the most important sectors within Norwegian-Ukrainian trade. You will soon read more about the potential in these and other industries in Ukraine.

As a chamber with members who have worked in Ukraine for years, we are also aware of the challenges of doing business in Ukraine. Our experience in Ukraine is that these challenges are resolvable. You can find solutions to some of the challenges in this guide. Other, specific problems need to be considered as they appear. The Norwegian-Ukrainian Chamber of Commerce (NUCC) has a competent board as well as partners, and we have key contacts in each sector. NUCC will assist our members if they need help and guidance. We are a safety network if you encounter problems. We have good contacts among authorities in Norway and Ukraine, and we work closely with both the Ukrainian Embassy in Oslo and the Norwegian Embassy in Kiev.

The Norwegian-Ukrainian Chamber of Commerce was established in 2008 to stimulate increased commercial cooperation between Norway and Ukraine. We work for the interests of our members, and have no other commercial incentives. NUCC encourages commercial relations between Norway and Ukraine, in order to promote our members’ business interests in the two countries. By commercial relations, we mean trade (export/import), investment and cooperation within R&D and education. We also run a project, funded by the Norwegian Ministry of Foreign Affairs, to increase awareness of the importance of transparency, business ethics and Good Corporate Governance among young managers and students; www.nucc.no/ye. This gives Norwegian and Ukrainian companies a pool of potential employees to choose from, who have knowledge about the business culture in each respective country. NUCC helps you to build your network and we share information and knowledge. We also assist in solving challenges. Moreover, if desired, we are ready to assist your company in finding a trustworthy partner in Ukraine through our Matchmaking Program: www.nucc.no/mmp.

We hope you find this guide helpful, and wish your company great success when doing business in the beautiful country of Ukraine. Please do not hesitate to contact us.

Best regards,
Laxmi Akkaraju, Chairman NUCC

Reports and Articles

After the economic turmoil in 2014 and 2015, the macroeconomic indicators now show that Ukraine is on the right path. This report from the German Advisory Board shows that, the Ukrainian economy is expected to return to positive growth in 2016, inflation has gone down and the exchange rate has stabilized. You can read the whole report here.

Ukrainian market events

December 05, 2017 at

The 6th TIGER CONFERENCE and the TOP 30 UNDER 30 AWARD

  • December 05, 2017
  • 10:00
  • Hilton Kyiv Hotel
  Kyiv Post’s 6th Tiger Conference will bring together key decision-makers in government, business and civil society to engage in a dialogue on «VISION 2020: CAPTURING INNOVATIONS». The main topics are:
  1. Transforming Security & Defense
  2. Strategic Communications: Branding Ukraine
  3. Embracing Renewables Revolution
  4. Breakthrough Innovations for Ukraine's Future
Among the speakers are: General Mark Hertling, former Commanding General of the U.S. Army Europe; Mark Galeotti, international expert on security affairs, senior researcher at the Institute of International Relations Prague; Evgeni Utkin, the founder and president of high-tech holding KM Core; Edward Chow, senior fellow in the Energy and National Security Program at CSIS; Valery Krasovsky, Sigma Software CEO; and Farzana Baduel, Founder and CEO of Curzon PR. The conference will conclude with the TOP 30 UNDER 30 Awards Ceremony. This is an excellent opportunity to network, share ideas and get new business contacts. NUCC members will receive a 10 percent discount. To get your promo-code please send an email to: linda.oksnes@nucc.no
November 29, 2016 at

5th TIGER CONFERENCE

  • November 29, 2016
  • 09:00
  • Kyiv, Ukraine
On November, 29th, Kyiv Post, the leading English-language news source in Ukraine, will be hosting its 5th annual TIGER CONFERENCE — an independent platform for economic and political discussion and one of Ukraines most influencial conferences.