On May 10-11, a meeting of Ukrainian and German entrepreneurs took place in Kyiv. It was organized by the Office of the Delegate of German Industry in Ukraine on behalf of the Chamber of Commerce and Industry of Lübeck. A delegation arrived in Ukraine that included representatives of 9 enterprises from Lübeck interested in developing their activities in Ukraine. In particular, the woodworking industry, food trade, transport services, the cosmetics industry, processing of artificial materials, and special equipment for forestry were represented at the meeting. \nAs reported by a LIGABusinessInform correspondent, the Extraordinary and Plenipotentiary Ambassador of the Federal Republic of Germany in Ukraine, Dietmar Stüdemann, and the Delegate of German Industry in Ukraine, Karin Rau, informed the entrepreneurs following the meeting about the economic situation in Ukraine. The Ambassador particularly noted the priority tasks of the new Ukrainian government in terms of thorough restructuring of the country, primarily in the leading sectors of the economy, which are in dire need of modernization. Therefore, according to him, a good opportunity is emerging for German industrial enterprises. \nMs. K. Rau, in turn, drew attention to the macroeconomic development of Ukraine, the most interesting cooperation projects between Ukrainian and German entrepreneurs, as well as potential opportunities for small and medium-sized businesses. "Statistical data show growth in investment, which is confirmed by the growth of confidence among German entrepreneurs," she said. \nThus, an enterprise in the electrical cable industry, "Leoni," has already been established, with investments amounting to EUR 20 million. Near Lutsk, a new "Kromberg & Schubert" plant is planned to be created for the production of onboard cable networks for passenger cars. It is planned that investments will amount to EUR 18 million and up to 3,000 jobs will be created. In addition, the operation of a "Knauf" enterprise for the production of building materials is envisaged in Donetsk. The planned investment volume is EUR 50 million. \nAccording to K. Rau, on the whole large investments are planned, but a preparatory base is needed. To date, about 1,000 enterprises with German capital participation have been established in Ukraine. \nThe meeting of Ukrainian and German entrepreneurs continued in the form of a cooperation exchange, which was attended by 46 Ukrainian entrepreneurs, mainly from Kyiv. Constructive negotiations were held regarding possible cooperation. \n"Ukraine is an important partner for the German side. Especially after the change of leadership in the countries," said D. Stüdemann. He expressed hope that such significant barriers as the tax and customs system, corruption, and legal uncertainty will be overcome. According to him, new jobs and budget revenues are needed. "Today the first negotiations were held so that in the future they will grow into something more significant. Contracts are expected to be signed in the near future," the diplomat added. \nK. Rau shares D. Stüdemann's opinion regarding the need for modernization of the most important industrial enterprises, the good opportunities of the eastern regions of Ukraine, and the advantages of the manufacturing regions of Western Ukraine. \n