The wood construction in Ukraine is still underdeveloped and undergoing a sectoral transformation. In the coming years, wood is expected to be used more extensively in various reconstruction projects and thus Finnish companies will have several opportunities in Ukraine.
Kazakhstan is one of the wealthiest and most economically developed countries in Central Asia. Since the early 2000s, the country's economy has experienced strong growth, driven by market-oriented reforms, extensive exploitation of mineral resources, and substantial foreign direct investment. Order our market outlook to your email.
Finnish companies have the opportunity to apply for funding for internationalization and export projects in Ukraine, Central Asia and the South Caucasus. Funding is available for the first steps of internationalization as well as for export and investment projects.
Western Ukraine is experiencing economic growth due to effective government incentives attracing new businesses and real estate market booming with internally displaced persons and refugees returning home. With the economic growth of Western Ukraine, there are a number of promising sectors for Finnish businesses to look at: Agrotech, forestry, mining, IT and innovation, construction and greentech.
One important aspect of reconstruction is residents' self-driven repairs and construction, which creates demand for hardware stores, building materials, and tools.
In Kazakhstan, the residential sector is a significant contributor to greenhouse emissions. This sector is the largest one in energy consumption (34%) followed by the industry (30%) and transport (18,6%) according to IEA data published in 2021. The sector shows inefficient approaches in energy saving that is proved by the low energy efficiency indicators which...
Armenia is one of the fastest-growing economies in its region. In recent years, the country has become known for its IT sector, but mining and agriculture are also key industries. Armenia is striving to increase energy efficiency, and there is both potential and demand for solar power in the country.
This report provides an overview of the situation and outlook for Kazakhstan's construction sector and building materials industry, as well as opportunities for Finnish companies.
This report provides an overview of the situation and outlook of Uzbekistan’s construction sector and building materials industry, as well as opportunities for Finnish companies.
Uzbekistan is the most populous and youngest of the five Central Asian countries. Its opening economy has recently been growing at a rate of five percent, driven, among other sectors, by the service sector. Key sectors include the abundant mining sector, the modernizing energy sector, the developing education sector, and the traditional textile industry. The market also offers promising opportunities in water management and construction.
Kazakhstan is implementing new technologies and modernizing processing facilities in the forest sector.
Kazakhstan has experienced a significant increase in waste generation driven by economic growth and urbanization. This period of growth presents an opportunity for the country to develop sustainable and environmentally friendly waste management practices that comply with the international standards.
Historically Azerbaijan was focused on oil and gas, but recently the focus is changing to renewables.
The country is in the process of modernization and developing of the education system.
Georgia has a strong agriculture and food industry. The country has significant hydropower capacity that provides most of its electricity needs. The Georgian market offers business possibilities for upgrading the technological solutions in these sectors, as well as possibilities in construction and infrastructure sector.
Uzbekistan’s economy is one of the most energy-intensive in the world and has high potential for improving energy efficiency.
Azerbaijan is known for its vast energy resources. Now the country is aiming to reduce the weight of the oil sector in economy.
Nearly 90% of agricultural machinery currently in use in Kazakhstan is at the end of its lifecycle and needs to be replaced.
Equipment and technologies for development of mining industry are extremely needed in Kazakhstan.
Finnish companies can provide solutions related to decarbonization, such as solutions in energy and material efficiency.
