First Deputy Prime Minister – Minister of Economy of Ukraine Yuliia Svyrydenko met with Ambassador Extraordinary and Plenipotentiary of the Kingdom of Sweden to Ukraine Tobias Thyberg. During the meeting, the parties discussed the financing of economic recovery projects, financing of grant programmes and humanitarian demining of agricultural land.
“Currently, the state budget is financed by about 50% from taxes paid by Ukrainian businesses and by half from foreign aid. We want to ensure economic growth and a gradual increase in tax revenues from business. To do this, we must gradually move from budget support to support for Ukrainian business,” Yuliia Svyrydenko shared the Government’s plans.
The First Deputy Prime Minister presented grant support programmes for Ukrainian business under the common brand of eRobota. According to her, the programmes for microgrants for starting a business and grants for the development of processing enterprises alone are expected to create about 50,000 new jobs this year.
“We are trying to involve as many countries as possible in the Multi-agency Donor Coordination Platform to support the recovery and reconstruction of Ukraine as part of the so-called “financial Ramstein”. Alongside the funding of grant programmes, we are looking for support for export-oriented enterprises and war risk insurance for investors,” said Yuliia Svyrydenko.
The First Deputy Prime Minister also invited the Kingdom of Sweden to participate in the humanitarian demining of agricultural land.
In turn, Tobias Thyberg confirmed the readiness of the Swedish Export Credit Agency to consider the possibility of war risk insurance. The Ambassador also said that Sweden would present a new programme of support for Ukraine in June. (Government portal/Business World Magazine)
