Dnipro – Istanbul: main achievements and prospects for further cooperation

On march 3, experts of the Dnipropetrovsk Investment Agency (DIA) took part in the event «B2B Online: Dnipro – Istanbul Presentation of Mutual Economic Opportunities». The meeting was organized by the Chambers of Commerce and Industry of Dnipro and Istanbul with the support of the Consulate General of Ukraine in Istanbul.


«The existing system of chambers of commerce and industry creates the necessary tools for the functioning of business and the further solution of joint tasks of both countries. As part of this process, the enterprises of Ukraine and Turkey, which interact with each other, are the main driver of the further development of relations between partner countries» – said Vitaly Zhmurenko, President of the Dnipropetrovsk Chamber of Commerce and Industry.

As of now, the countries are actively cooperating in the fields of tourism and recreation, metallurgy, agriculture and the food industry.

Munir Ustun, a member of the Executive Council of the Istanbul Chamber of Commerce and Industry, said: «Turkish companies have implemented 184 projects in Ukraine in the amount of$6 billion, and the total investment from the partner country is approximately $3 billion. This fact perfectly demonstrates the interest and high level of confidence in the Ukrainian market. It is also worth mentioning that in 2019 about 1.5 million Ukrainian tourists visited Turkey».

«Ukraine is an important strategic partner and investment attractive environment with significant potential for further cooperation», said Sofa Gyomdeniz, member of the Turkish-Ukrainian Business Council for Foreign Economic Relations of Turkey (DEIK) and representative of the Ukrainian Chamber of Commerce and Industry in Turkey.

Dnipropetrovsk region, as one of the leading ones, plays an important role in the partnership between Ukraine and Turkey. A significant part of the region’s export/import is made up of ferrous metallurgy products, as well as food and chemical products.

During the meeting, Valentyna Zatyshniak, director of the DIA, pitched the current state of economic relations between the region and Turkey and the main results of their partnership.

«The volume of foreign trade over the past year reached $566.8 million. In the Dnipropetrovsk region, 127 enterprises carried out export operations with Turkey, and 538 were engaged in imports. Among the main ones are ArcelorMittal Kryvyi Rih, DniproAzot, ATB, Eva, Interpipe and others. During the period from 2016 to 2020 the volume of imports of the Dnipropetrovsk region from Turkey more than doubled, reaching $240 million. At the moment, one of the largest Turkish companies, Limak, is building new metro stations in the city of Dnipro», said Valentyna Zatyshniak, director of the Dnipropetrovsk Investment Agency.

For Turkish investors, DIA offers more than 50 projects and proposals in various sectors of the economy, which are displayed on the Investment Map of the region, as well as more than 450 land plots with a total area of ​​about 5,000 hectares for the implementation of business projects.

During the final part of the event, several Ukrainian companies held presentations of their business for Turkish partners.

  1. «Alcohol and non-alcoholic complex Dnipro» LLC. Produce drinks on its own production lines, providing jobs for 350 people. Products are manufactured under 12 trademarks, and the enterprise has been operating since 1962.
  2. «Alan» LLC. The total area of ​​production and storage facilities of the meat processing factory is more than 8000 m2, and the production capacity is 11,000 tons per year. The assortment of the factory includes more than 160 types of products, which are made from fresh chilled meat and have all the necessary international certifications.
  3. «Dnipropetrovsk railway switch plant» JSC. Production of elements of the upper part of railway lines in the city of Dnipro. The company has more than 100 years of history and exports its products to the CIS and Baltic countries, Spain, Turkey and others.
  4. «Smartico» LLC. The scientific and industrial complex produces high-precision digital devices using the latest technologies for their application in industry (control and management of technological objects, machines and mechanisms), the utilities sector (control of gas, water consumption, etc.) and other areas. The enterprise has its own design bureau, production base and specialized software development department.
  5. «Promarmatura» PJSC. Since 1994, the company has been manufacturing pipe fittings for the needs of the oil and gas industry, the energy industry and others. The full production cycle is provided by about 400 specialists. The company has more than 500 of its own machine tools, a railway line for transporting products and a testing facility.
  6. «Top Master» LLC (Kaiza TM) produces school backpacks with an orthopedic back for children, as well as textiles at its own facilities.

As a result of the meeting, agreements were reached on further dialogue. Presentations and contacts of representatives of the above companies were distributed among the participants of the event.

If you want to receive information about other events that are planned for the near future or to take part in them, visit our DIA website, subscribe to the Facebook page and the Telegram channel.