Coca-Cola invested $490 m in Ukraine, paid UAH 140 m in taxes over 25 years - Stats

Coca-Cola invested $490 m in Ukraine, paid UAH 140 m in taxes over 25 years - StatsThe American company Coca-Cola, one of the world's largest producers of soft drinks, has invested $490 million for 25 years of its presence in the Ukrainian market, which is 1% of total foreign direct investment in Ukraine, the director of the strategic studies department at GfK Ukraine international research company, Tetiana Sytnyk, has said at the forum.

This is reported by Interfax-Ukraine.

In 2015, Coca-Cola's investment in Ukraine amounted to $15 million, while its share in the total volume of direct foreign investment in Ukraine was 1.13%.

"We call the economic effect of Coca-Cola activities in Ukraine "effect 12," which means that each hryvnia of Coca-Cola additional value generates about UAH 12 for the Ukrainian economy," company CEO in Ukraine Constantinos Spanoudis said.

At the same time, the total added value created by Coca-Cola in 2015 is estimated at UAH 4.9 billion, which is 0.25% of GDP and is approximately equal to the planned budget of Odesa in 2015 (UAH 4.6 billion).

According to GfK Ukraine, for this period Coca-Cola paid UAH 140 million in taxes.

The company ranks 21st in terms of income in Ukraine among 5,500 food industry enterprises.
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