Sumy
Sumy

Sumy

Sumy

$

Investment potential
Area 23800 km²
Population 1,060,000.00
CPI 112.40
GRDP 3693 $
RIA 1.92%
Patronage Canada. Switzerland - Trostyanets
Energy supply JSC "Sumygaz"
Availability 100%

The Sumy Region is located in the north-eastern part of Ukraine, with its administrative center in the city of Sumy. It borders Bryansk Region (Russia) to the northeast, Belgorod and Kursk Regions (Russia) to the east, Poltava Region to the southwest, Kharkiv Region to the south, and Chernihiv Region to the west. Seven major rivers flow through the Region, the largest of which is the Desna River. The Sumy Region lies 334 km from Kyiv, 199 km from Kharkiv Airport, and 744 km from the Odesa seaport. The Region has Sumy Airport and is crossed by international highways E38, E101, E381, E391, and M02, ensuring efficient transport connectivity.

Administratively, the Sumy Region is divided into five districts, comprising 15 cities, 20 urban-type settlements, and 1,458 villages.

The Region’s industrial profile is diverse, including chemical and pump engineering, agricultural machinery production, instrument-making and radio electronics, mechanical equipment manufacturing for agro-industrial processing, and iron ore and mining industries. Additional key activities include printing, pharmaceuticals, oil and gas refining, chemical production, film and photographic materials manufacturing, and the production of chemical fertilizers.

Sumy Region’s gross Regional product (GRDP) amounts to $2.9 billion, accounting for 1.91% of Ukraine’s GDP. The volume of foreign direct investment (FDI) totals $624 million, with major investors including Kusum Pharm, Technologia, Gualapack, Mondelez, and Grain Alliance. Exports reached $0.9 billion, representing 2% of Ukraine’s total exports.

Industry specialization: food products, chemical products, and high-tech mechanical engineering.

Natural resources: oil and gas, amber, construction materials, peat, phosphates, and sand.

Sumy Region is one of six participants in the Swiss-Ukrainian undertaking “Cohesion and Regional Development project” (UCORD). Within this initiative, the Region receives support to strengthen management capacity, coordinate recovery and development efforts, and foster cooperation between government, business, and local communities. Participation in UCORD enables the implementation of practical solutions in the areas of SME development, environmental services, and social cohesion. The project enhances the performance of the Sumy Regional Development Agency, facilitates collaboration across administrative levels, and attracts resources for the Region’s strategic initiatives.

The Region hosts seven universities and eight technical schools. Leading institutions include Sumy National Agrarian University, Sumy State Pedagogical University named after A.S. Makarenko, and Sumy State University. These institutions serve as key centers of research and human capital development for the Region’s industrial and technological base.

In 2023, the unemployment rate was 10.1% (compared with the national average of 9.9%), while the average monthly salary reached $524 (versus the national average of $627).

Investment opportunities in Sumy

Construction of a 6.5 MW solar power plant (to ensure the operation of electric transport)
Fuel and Energy
Rebuild Ukraine
Fuel and Energy
Construction of a waste processing plant in Konotop community
Waste management
Rebuild Ukraine
Waste management
Construction of the section of the main pressure sewage collector with cross-sections from the main sewage pumping stations to the city treatment facilities
Administrative and auxiliary services
Rebuild Ukraine
Administrative and auxiliary services
Creation and development of industrial park "Sumy"
Industrial park
Rebuild Ukraine
Industrial park
Development of the centralized water supply system of the Sumy City Territorial Community
Administrative and auxiliary services
Rebuild Ukraine
Administrative and auxiliary services
Geological exploration of oil and gas subsoil, including pilot development of fields, with further production of oil, gas, condensate (commercial development of fields) on Losyshchynska area
Extraction
Extraction
Increasing energy efficiency with the alternative energy component of the buildings of the Central City Clinical Hospital of the Sumy City Council
Health Care
Rebuild Ukraine
Health Care
Modern technologies for wastewater treatment of the Konotop community
Administrative and auxiliary services
Rebuild Ukraine
Administrative and auxiliary services
Modernization and reconstruction of the water drainage system in the city of Sumy
Administrative and auxiliary services
Rebuild Ukraine
Administrative and auxiliary services
Reconstruction of Sumy power station "Sumyteploenergo"
Fuel and Energy
Rebuild Ukraine
Fuel and Energy
Regional Center for Energy Efficiency and Energy Management
Fuel and Energy
Rebuild Ukraine
Fuel and Energy
Restoration and maintenance of the hydrological regime of Lake Chekha
Tourism
Rebuild Ukraine
Tourism
Update of electric transport infrastructure and rolling stock of the utility company of the Sumy City Council "Electroavtotrans"
Administrative and auxiliary services
Rebuild Ukraine
Administrative and auxiliary services

Rebuild Ukraine

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