Digital reforms, development of investment climate and improvement of business environment: Mykhailo Fedorov met with U.S. Special Representative Penny Pritzker

At the World Economic Forum in Davos, Deputy Prime Minister for Innovation, Education, Science and Technology Development and Minister of Digital Transformation of Ukraine Mykhailo Fedorov held a bilateral meeting with Penny Pritzker, U.S. Special Representative for Ukraine’s Economic Recovery. The parties discussed the priority projects of the Ministry of Digital Transformation that help to restore the Ukrainian economy.

Penny Pritzker is working with the Ukrainian Government, the G7 countries, the European Union, international financial institutions, international partners and the U.S. private sector to find ways to quickly and effectively restore the Ukrainian economy in the face of a full-scale invasion.

“Despite the challenges of a full-scale war, the digital state continues to develop. And this is a powerful impetus for economic growth. Ukraine is now developing new areas in which our country has every chance to become a trendsetter. In particular, last year, the UAV market opened in Ukraine, which launched the development of defence-tech. We are improving the Diia.City space, which has been joined by almost 800 companies, launching a beta test of the uResidency project, and working on Mriia, a unique project that will show how technology can transform a particular area. With the support of our partners, we will continue to fight bureaucracy and implement revolutionary reforms,” said Mykhailo Fedorov.

The meeting discussed the development of the tax and legal space Diia.City, the uResidency project, which would allow foreigners to do business in Ukraine, defence-tech as a new powerful market, and the development of innovations. These projects will help create favourable conditions for doing business, improve the investment climate, and accelerate the growth of the Ukrainian economy.

For the U.S. Government, it is important that Ukraine opens its markets to investors and implements all possible reforms to improve the investment climate. In particular, the Ministry’s team is already working on the implementation of eExcise, which will fight the grey market, and the customs clearance in Diia, which will increase the transparency of customs.