Burak Pehlivan, the chairman of the Turkish-Ukrainian Business Association said that the inflow of Turkish investment to Ukraine was particularly large after 2014, when many European businesses were wary of coming to a politically volatile market in deep crisis.
Since then, Turks have invested some $1.4 billion into the Ukrainian economy.
Ukraine’s renewables and information technology sectors have seen a big surge of interest from Turkish investors in recent years.
Turkish investors cannot miss Ukraine’s hottest sector: renewables. Like many European companies, they are reaping the benefits from Ukraine’s attractive feed-in tariff on electricity generated from renewable sources.
Headquartered in Istanbul, the private investment firm Emsolt boasts a portfolio of 10 solar projects in Dnipro, Khmelnytskyi, and Zhytomir with a total capacity of 160 megawatt and $160 million of investment.
We have been watching Ukraine closely after 2014. We saw it was changing in a positive way: integration with the EU, legislative improvements, a green tariff, a growing economy. And it’s so close to Istanbul,” Omer Ozkan, chairman for Emsolt told the Kyiv Post.
