“In each of the priority sectors, we have specific projects that we are ready to offer to foreign investors and we do so consistently. We are already seeing not just interest, but real investments. According to the National Bank, foreign investors injected $4.25 billion into Ukraine’s economy last year. This shows that despite the war, it is possible to make money and develop successful businesses in Ukraine,” Yuliia Svyrydenko, First Deputy Prime Minister of Ukraine and Minister of Economy of Ukraine, said at the Kyiv Investment Day on May 1.
The event also brought together the U.S. Ambassador Extraordinary and Plenipotentiary to Ukraine Bridget Brink, Deputy Administrator of the U.S. Agency for International Development (USAID) Isobel Coleman, Assistant Administrator of the U.S. Agency for International Development (USAID) Erin McKee, representatives of the EBRD, IFC and other international financial organizations, representatives of Ukrainian and international business.
“The Government, together with the private sector, has identified several sectors that, in our opinion, should provide the greatest increase in GDP growth. We are talking about specific projects involving private investors in such sectors as energy, agricultural production, manufacturing, transportation, logistics, IT and critical materials. These two years have taught us that war is not an embargo on investment and that Ukraine is not a continuous red zone with many risks. We see dozens of examples of investors who are placing their money in Ukraine right now and we urge others to follow this example,” emphasized Yuliia Svyrydenko.
The First Deputy Prime Minister of Ukraine noted that the Government had a number of tools to develop both small and medium-sized businesses and support large manufacturers. In particular, UAH 45 billion has been allocated to support producers under the “Made in Ukraine” economic policy. In addition, the Government offers foreign investors to enter the Ukrainian market: a war risk insurance infrastructure, industrial parks and tax benefits for their use, support for projects with significant investments of more than EUR 12 million – compensation of up to 30% of the investment value. Another important component is the investment component of the Ukraine Facility – Ukraine Investment Framework program, which will enable the country to attract up to EUR 40 billion in public and private investment.
“It is a special honor that today’s event was opened by our reliable partners – Ambassador Extraordinary and Plenipotentiary of the United States to Ukraine Bridget Brink and Deputy Administrator of the United States Agency for International Development (USAID) Isobel Coleman. I once again thanked them for the support of the American people and the $61-billion aid package that Ukraine has been waiting for. Over the past two years, we have consistently felt the reliable shoulder of the United States – the support of our private sector, almost $380 million in 2023 to support the agricultural sector, about $1 billion was allocated last year to support the energy system,” the First Deputy Prime Minister of Ukraine emphasized.
Yuliia Svyrydenko noted that the Ministry of Economy was already accumulating projects from the private sector to be presented at the Ukraine Recovery Conference in Berlin. In particular, participation in the conference is an opportunity to establish business ties and learn about new opportunities for cooperation and support for Ukraine. (Government portal)