Ukraine.Now is probably the most attractive emerging economy, market and country in the world. Prime Minister Oleksiy Honcharuk stressed in his speech during Davos Ukrainian Breakfast 2020. These are not just words, there are specific figures and facts to confirm that:
Economic growth in 2019 was 3.6 – 4.2% as compared to an average 2.5% in the world.
Gold and foreign currency reserves are for 7 years maximum and have reached USD 25.3 billion.
The public debt reduced to 52% in comparison to 80% in 2016.
Inflation decreased to 4.1% in 2019th – the lowest level for the last 5 years.
"More than ever before Ukraine's public policy is focused on the investors and protecting their interests. We offer everyone who invests in Ukraine an individual approach", Oleksiy Honcharuk stressed.
According to the PM, firstly, every big investor with investments over 100 million dollars will receive the direct governmental guaranties. Secondly, the special conditions for investors who take part in privatization will be provided. Thirdly, we plan to launch a special international arbitration. It will be useful for settling smaller investment requirements (about USD 10 million and below) that otherwise would be rather costly to be transferred to arbitration.
"We’ll adopt a special law that will provide the Government with a mandate to solve all investors` issues, from taxes exemption to land and infrastructure. If investor buys an enterprise which costs over 10 million dollars then he will be liberated from a profit tax for five years. Add here a return on investment into modernization in 2-5 years - and this is a very attractive offer!", Oleksiy Honcharuk emphasized.