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Investment passport of Chernivtsi region
07 February 2024 09:27

Chernivtsi region of Ukraine is a unique multiethnic and multicultural region that combines the historical fate of Northern Bukovyna and part of Bessarabia. The first traces of human presence in Bukovyna date back to the Paleolithic era (12,000-10,000 BC). From the 10th century until the mid-14th century, the lands of the region were successively part of the KyivRus and Halych-Volhynian Principality. 

Later, the geographical-historical name Bukovyna was established for these lands covered with beech forests. In the first half of the 16th century, Bukovyna came under the rule of the Ottoman Empire. For 415 years (1359-1774), the lands of Chernivtsi region were part of the Moldavian Principality. From 1775-1918, Bukovyna (present-day Chernivtsi region of Ukraine and Suceava County of Romania) was part of the AustroHungarian Empire. 

After the collapse of the Austro-Hungarian Empire in 1918, these lands were under the power by Romania for almost a quarter of a century (1918-1940 and 1941-1944). Since 1940, the northern part of Bukovyna was part of the Ukrainian SSR for almost 48 years (1940-1991, with an interval). Since 1991, Chernivtsi region has been an integral part of independent Ukraine.

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