Prime Minister: Ukraine sustains a growing trend in the economy being an additional incentive for investment

Ukraine is demonstrating a substantial rise in economic growth, and this should become another incentive to invest in our state, said Prime Minister of Ukraine Volodymyr Groysman during the Kyiv Investment Forum.

"Ukraine sustains a growing trend in the economy - thuswise, next year, the performance of works and services will exceed by hundreds of billions hryvnyas the showings of this year. And we should do all we can to enhance this positive trend previously forecast at 3%," the Head of Government urged.

He accentuated that the top priority list of the Government’s activities comprises to create rules and principles of investment process, to ease doing business, to introduce reasonable regulations that promote development instead of erecting barriers. “It is vital for us to ensure success of each investment. We are committed to establishing clear and high-quality rules,” stressed Volodymyr Groysman. He reminded that to achieve the set goals there are in effect several tools – such as set up within the Cabinet of Ministers the Investment Promotion Office, a Government Commissioner for Investment.

"Decentralization is also among essential issues, as apart from finance we devolved to the regions development tools. Workplaces and national product are created on the ground. Herewith, decentralization tools should be used not as means for pressure but means promoting development," said the Prime Minister. “And today, here at the Kyiv Investment Forum, we can see that the capital has prepared a number of effective projects to the tune of dozen of billions hryvnias. In this regard, the objective is to ensure investment process be simple, doing business understandable. For our part, we proposed a development budget (for 2018), planned growth for three years, and therefore we provided predictability for businesses and included a series of development programs, inter alia in agrarian sector, infrastructure, road construction. I wish to encourage investing in Ukraine. We can hardly find another country with such a projected growth that Ukraine will demonstrate."

Background

Kyiv Investment Forum took place with the patronage of Kyiv City State Administration. It is an annual platform for the municipal authorities and business community to discuss joint projects and attract investments. Its aim is to popularize the opportunities of the capital, its tourist potential and investment projects in industrial, infrastructure and socio-cultural spheres. Among them - projects for the construction of aerial lift, the restoration of the metropolitan amusement park Hydropark, the development of recreation areas, etc. According to Kyiv Mayor Vitalii Klytschko, Kyiv is becoming a reliable and promising city for investment and planning to become the capital being a leader of change with a high standard of living.