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Partner in Europe

A map of Ukraine along with its neighbouring countries

This text was last updated in July 2021. For the latest information on the situation in Ukraine, please visit the website of the Federal Ministry for Economic Cooperation and Development.

Since its independence (1991), Ukraine has not been able to fully realise its economic potential. Economic stagnation and lack of structural reforms led to large protest movements in 2004 and 2013/2014 (Euro-Maidan). Since the change of government, Ukraine has been implementing reforms with the international donor community to move closer to the EU. However, the economic situation remains difficult. Economic recovery is hampered by powerful oligarchic economic structures, corruption, foreign debt and the military conflict in the east as well as the annexation of Crimea by Russia. Since May 2019, Ukraine has a new president, Volodymyr Selensky. The reform course, which started quickly, has already brought some successes, but has stagnated. Further political and social developments remain to be seen.

On behalf of the German Federal Government, KfW Development Bank supports projects in the following areas: energy efficiency, good governance, assistance for internally displaced persons, promotion of small and medium-sized enterprises, vocational training, nature conservation.

Local office

KfW Office Kyiv

Director KfW Office: Kurt Strasser
Office Nr. 1
Velyka Vasylkivska Str. 44
01004 Kyiv

Phone: +38 04 45 81 19 55
Fax: +380 44 289 1125

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