Ukraine Interested in LNG Terminal

The Croatian business delegation led by the President of the Croatian Chamber of Economy Luka Burilović, as part of the official visit of the Prime Minister of the Republic of Croatia Andrej Plenković to Ukraine, organized the Ukrainian-Croatian Economic Forum, which serves as a platform for economic cooperation and through which our companies will more easily gain opportunities after the recovery of this market of 45 million inhabitants. The forum gathered 250 businesspeople, of which 150 were Ukrainian.

– Croatia has reduced its trade deficit with Ukraine by almost 50 percent in the first six months of this year compared to the same period last year. This raises optimism and sends a clear signal that there are opportunities for Croatian companies here, said Burilović while opening the Forum.

Ukrainian Prime Minister Volodymyr Groysman stated that Ukraine wants to participate in the LNG terminal project in Croatia.

– Croatia is preparing to build an LNG terminal. We want to cooperate in the field of energy and in the construction of the terminal as this would ensure the energy independence of our state, said Groysman.

Interest in Croatian food products

The President of the Ukrainian Chamber of Industry and Commerce Gennadiy Chyzhykov says that there is interest in Croatian food products in Ukraine, and that they can, for example, offer parts for our shipbuilding. He believes that the primary goal is to connect small and medium-sized enterprises.

The Director of the State Geodetic Administration Danko Markovinović held concrete talks with the Ukrainian geodetic administration about the implementation of the INSPIRE directive and about a future twinning project that the State Geodetic Administration will lead. “We recently completed a similar project in Moldova, worth 1.2 million euros. This is a good example of exporting Croatian knowledge at the state level,” said Markovinović.

Collaboration of business angels

The President of the Croatian Business Angels Network (CRANE) Davorin Štetner signed a Cooperation Agreement with Ukrainian business angels to assist start-ups from both countries.

However, the situation in Ukraine is not easy. In two years, as a result of the war, GDP has almost halved. For example, the company Munja has been present in this market since 1992, where it achieved annual revenues of two million euros and is now trying to return to that level. “We must be realistic. Doing business here is a risk. We are working on trust and so far we have not lost a dime in business with Ukrainian companies,” said the CEO of Munja Ivan Miloloža.