Oleksandr Kravchenko outlines 2027 key priorities for the Ministry of Economy and Environment of Ukraine

Increasing investment and building a portfolio of quality reconstruction projects are the two key priorities for the Ministry of Economy and Environment of Ukraine in 2027. This was announced by Minister of Economy and Environment Oleksandr Kravchenko in a recent interview.

According to the Minister, consumption remains the main driver of GDP growth, while the trade deficit continues to widen. A significant share of international assistance is being directed toward consumption rather than production, which is holding back economic growth and making this model less sustainable.

The first priority is increasing investment. This requires creating favourable conditions for both domestic and foreign investors through a comprehensive de-risking system — reducing and distributing investment risks.

"The key gap is war-risk insurance. We need a comprehensive mechanism that will make investment in Ukraine viable for private capital. Our target for next year is around USD 5 billion in foreign direct investment (FDI)," said Oleksandr Kravchenko.

The second priority is building a portfolio of reconstruction projects. As the Minister noted, the potential for investment in Ukraine's recovery runs into hundreds of billions of dollars, which means quality, investment-ready projects need to be prepared now. The target for 2027 is to build a portfolio of such projects worth a total of around USD 40 billion.

The Minister also outlined the conditions needed to turn interest in Ukraine into real investment. These include the example set by foreign companies that continue to operate and invest in Ukraine, the development of industrial parks, and a support mechanism for large-scale investment projects. The Ministry is also in ongoing dialogue with international partners on the possibility of offsetting capital investments through tax mechanisms. Investment by Ukrainian businesses themselves also remains an important signal for foreign investors.

At the same time, the Ministry is working on deregulation and reducing the bureaucratic burden. A new law on state oversight has already been adopted, and of 1,353 regulatory instruments reviewed, more than 350 have been cancelled. The next step is to cancel a further 58 permits, introduce a unified permit system (eDozvil) with an exhaustive list of permit documents, and replace another 147 permits with declarations.