• Українською
  • Business and Government should work together to develop Ukraine’s recovery plan: Yuliia Svyrydenko
    Ministry of Economy of Ukraine, posted 19 July 2023 17:39

    National business is our main partner in rebuilding the country, and we need to jointly develop a plan for Ukraine’s recovery and development for the next four years. This was stated by First Deputy Prime Minister and Minister of Economy of Ukraine Yuliia Svyrydenko during a meeting with representatives of the European Business Association.

    “Private capital will be the basis for Ukraine’s recovery and development. That is why, together with the domestic business community, we need to develop the Ukraine Plan within the framework of the Ukraine Facility, which will allow us to receive EUR 50 billion in EU funding for economic development over the next four years. The plan is to be prepared by the end of October, so we urge business representatives to participate in the working groups that will draft this document and submit their proposals for identifying priority development sectors and programmes to stimulate them, which will allow us to restore the country as quickly as possible,” said Yuliia Svyrydenko.

    According to the First Deputy Prime Minister, the priority sectors include defence, agriculture, energy and green metallurgy. Currently, the Government is focusing on the development of the processing industry and manufacturing products with a high share of added value to meet the needs of consumers both in the domestic and foreign markets.

    “Stimulating the national commodity producer, manufacturing high-quality Ukrainian products and promoting them on the domestic and foreign markets is a key task of the Government today. Indeed, domestic business is our main partner in the country’s recovery, and we need to create the most comfortable working conditions for it,” said Yuliia Svyrydenko.

    The Government is currently implementing a grant programme for manufacturing companies, under which they can receive financial support from the state in the form of a development grant of up to UAH 8 million. The Ministry of Economy is also working on proposals to focus the programme of 5-7-9% soft loans on the development of the processing industry.

    During the meeting, the parties also discussed humanitarian demining, which is of great importance for agricultural enterprises, improvement of the reservation system for persons liable for military service, support for exporters and domestic enterprises entering international markets, and deregulation.