Already this year, the Government expects foreign investment of nearly USD 6.5 billion, including reinvestment. This is going to be the largest volume in the last 5 years, Prime Minister Denys Shmyhal in his address at the Second UkraineInvest Annual Forum "Make in UA".
"USD 15 billion in investment annually since 2025 – this is the showing we have approved in the National Economic Strategy. An ambitious goal. But thanks to our joint work, it is absolutely achievable," the Head of Government stressed.
Denys Shmyhal also outlined 7 key priorities on which the Government is focusing and those promoting economic development and facilitating leverage of investment:
• effective implementation of the law on state support of investment projects with significant investments;
• further digitalisation, reduction of bureaucratic burden, as well as the support of the IT sector;
• reducing the role of the state in the economy through the privatization of state-owned enterprises, as well as the development of public-private partnerships and concessions in various fields: from ports and roads to gas production;
• completion of land reform, support for agriculture through the development of irrigation systems, as well as support for projects with significant added value.
• launch of industrial parks;
• cheap and long money for development;
• correct market design.
According to the Prime Minister, in February this year the Law "On State Support of Investment Projects with Significant Investments in Ukraine" came into force, and it envisages provision of customs, tax, infrastructure and land benefits to investment projects with an investment of over EUR 20 million.
"I am happy to announce that 2 applications from investors for obtaining state support will be submitted this week. The total amount of investment is approximately USD 96 million. The projects will be implemented in the fields of agricultural processing and the production of construction materials. At the same time, potential investments under this support program already amount to more than USD 2 billion from 27 investors," said Denys Shmyhal.
Moreover, the Head of Government stressed that the development of the investment climate was not possible without bringing order to the sphere of state property. According to him, over the past two years, the state has attracted about UAH 8.5 billion from privatization.
In addition, the Prime Minister noted that the Government continues to transfer communication between the state and business into electronic form, so that such relations are as comfortable, transparent and convenient as possible. Currently, more than 30 electronic services for businesses and individuals are available on the Diia e-portal, and according to him, business registration services are one of the fastest in the world.
"The Ukrainian Government has also launched a major reform to restart the capital market. The Cabinet of Ministers, the EBRD, the American Chamber of Commerce and USAID have signed a Memorandum of Understanding on the establishment of organized national capital and commodity markets over the next three years," said the Prime Minister.
Denys Shmyhal emphasized that Ukraine was actively implementing European directives and the best standards of the EU. This will contribute to greater transparency, clear and fair rules of operation and interaction between the state and the business.