Investment potential
Area 8,097.00
Population 800,000.00
CPI 108.40
GRDP 232.00
RIA 2.52%
Energy supply JSC Chernivtsigas
Availability 100%
Connection procedure

Chernivtsi Oblast is located in Western Ukraine, consisting of the northern parts of Bukovyna and Bessarabia. It has an international border with Romania and Moldova. In terms of area and population, the region is the smallest in Ukraine. The administrative centre of the region is Chernivtsi city.
The region covers three geographical zones: the forest-steppe confluence of the Prut and the Dniester, the foothill confluence of the Carpathian Mountains and the Prut, and the mountainous part of the Bukovyna part of the Carpathians. There are 75 rivers over 10 km long in the region. The largest rivers are the Dniester, Prut and Siret. Chernivtsi Chernivtsi Oblast borders Ivano-Frankivsk, Ternopil, Khmelnytskyi, Vinnytsia regions of Ukraine, Romania and Moldova. Within the region, the state border of Ukraine with Romania stretches for 226 km, with Moldova for 198 km. Chernivtsi region is located 570 km from Kyiv, 280 km from Lviv Airport and 750 km from Odesa Seaport, 340 km from Poland, 450 km from Hungary.
Chernivtsi region is administratively divided into 3 districts. A total of 11 cities, 8 urban-type settlements, and 250 villages.
Regional GDP in 2021 was 1.5 billion USD (1% of Ukraine’s GDP), FDI stock was 62 million USD (0.1% of Ukraine’s FDI stock), and export was 0.1 billion USD (0.3% of Ukraine’s export).
Industry specialization: agriculture and food industry (fruits and vegetables), fish farming (trout and salmon), light industry, engineering and electrical equipment.
Natural resources of the region: oil and gas reserves, forests (beech, oak, spruce), loam, anhydrite, gypsum, limestone, mineral and thermal springs (water).
There are 4 universities and 7 technical schools in the region. The leading universities are Fedkovich Chernivtsi National University, Bukovyna State Medical University and Chernivtsi Trade and Economic Institute.
The unemployment rate in the region was 10.1% (average in Ukraine 9.9%) and the average salary was 340 USD (average in Ukraine 430 USD) in 2021.

Rebuild Ukraine

Discover the transformative power of Rebuild Ukraine. Explore a diverse range of projects spanning various regions and economic sectors.

View projects