Denys Shmyhal discusses investment attraction and implementation of business projects with representatives of the American Chamber of Commerce

Prime Minister Denys Shmyhal met with representatives of the American Chamber of Commerce to discuss attracting investments, fostering economic cooperation, and implementing business projects.

The Prime Minister emphasised the steps taken by the Government to support and develop entrepreneurship, in particular through reforms and improvement of the regulatory environment.

“We are working to provide entrepreneurs with optimal conditions for developing their businesses and attracting new investments. Despite the challenging circumstances of wartime, we are implementing changes and reforms to improve the business climate,” stressed Denys Shmyhal.

Among these changes, he highlighted deregulation efforts. Notably, over 1,900 regulatory acts across various sectors have already been repealed, and a draft law to suspend 63 additional ineffective regulatory instruments was recently submitted to Parliament.

Denys Shmyhal also noted that work continued on reforming the customs service.

“Our priorities include tackling corruption, personnel renewal, integration with the EU, customs digitalisation, and developing modern infrastructure,” he emphasised.

Another key area of reform is privatisation. As the Prime Minister pointed out, thousands of assets had already been transferred to new, efficient owners, which will contribute to economic recovery and job creation.

The establishment of industrial parks, with around 100 currently operating in Ukraine, is an effective tool for stimulating regional economic development and attracting investment. According to Denys Shmyhal, the state co-finances the construction of engineering and transport infrastructure and partially reimburses the costs of connecting to power grids.

The meeting also addressed the recovery process.

“This is an opportunity for businesses to invest wisely and gain significant advantages. We consider investments in the defence industry and military-tech sector to be the most promising. Other investment priorities include energy, construction, processing industries, and the extraction and processing of minerals,” the Prime Minister noted, calling on companies to participate in Ukraine’s reconstruction projects.