European investment in the Ukrainian economy and military-industrial complex means development and security not only for Ukraine but also for the EU countries. This was stated by Prime Minister of Ukraine Denys Shmyhal during the conference “Italy Supports Made in Ukraine” on 20 November.

During his online speech, the Head of Government outlined the main advantages of investing in defence, agriculture, IT, and energy in Ukraine.

“Global trends. Investment in the Ukrainian military-industrial complex is a contribution to security in the EU. Investment in the mining and processing of key raw materials means overcoming the shortage of materials for Europe. Investment in the agricultural sector means joining the global food security project and thereby reducing the pressure of migration on the EU. In the energy sector, together we can build an important energy hub that will end dependence on russian hydrocarbons,” said Denys Shmyhal.

He also emphasised that the Government was making every effort to provide state support for investment.

In particular, Ukraine has a simplified regulatory environment, digitalisation of the processes of interaction between the state and business, hundreds of investment platforms, and priority support for significant investments of EUR 12 million or more. According to the Prime Minister, special attention is paid to insurance and reinsurance of war risks.

In addition, as Denys Shmyhal stressed, the financing of recovery projects would stimulate the development of Ukrainian and international business partnerships.

“Prospects for recovery. A wide horizon of opportunities that will be fully exploited by those who enter the Ukrainian market immediately: the defence industry, the agricultural sector with a focus on deep processing, mineral development, energy with a focus on renewable sources, the digital technology market,” the Head of Government said.

Denys Shmyhal expressed confidence that Italy would actively engage and play a leading role in the reconstruction and strengthening of Ukraine’s economy.