Cherkasy Regional State Administration

Cherkasy region is one of Ukraine’s leading regions with a diversified economy. Its industrial complex includes machine-building, instrument-making, chemical, pharmaceutical, and food industries. The region is among national leaders in the production of mineral fertilisers, pharmaceuticals and fabrics. Agriculture is a key sector, supported by fertile black soil covering 53.7% of the territory, which gives the region a natural competitive advantage. The region has 276 explored deposits of mineral resources, including fuel, non-metallic minerals, materials for metallurgy and construction and underground water reserves. There are 650 industrial enterprises in the region, including 400 large and medium-sized ones. In 2021, the region’s enterprises sold industrial products worth $3.4 billion (UAH 93.6 billion), representing 2.6% of Ukraine’s total. Cherkasy region conducted foreign trade with 136 countries, with a trade turnover of $1.9 billion. There are 212 companies with foreign investments operating in the region. As of 01.01.2022, foreign direct investment totalled $354.9 million (including $140 million in debt instruments), with funds coming from 42 countries. The region’s strategic location, industrial capacity, agricultural strength and investment potential make it a key contributor to Ukraine’s economy.