Ukraine and Denmark have agreed to introduce a fast-track mechanism for investments that will help businesses overcome market barriers faster and improve the business climate.

The two governments signed the Memorandum of Understanding during the Danish-Ukrainian Business Forum on 25 November in Kyiv. The document was signed by Yuliia Svyrydenko, First Deputy Prime Minister and Minister of Economy of Ukraine, and Morten Bødskov, Minister for Industry, Business and Financial Affairs of Denmark.

“Ukraine needs to increase private investment to ensure the rapid recovery of its economy. We are working to strengthen ties between Danish and Ukrainian companies and improve the business environment in the country. Today we have signed a memorandum that provides for the launch of a fast-track mechanism between our governments, which will act as a single point of entry to overcome the barriers faced by Danish companies and investors in Ukraine,” said Yuliia Svyrydenko.

Representatives of the Danish and Ukrainian authorities will hold regular meetings with Danish companies operating in Ukraine. These meetings will provide a platform for discussing the challenges faced in investment and business operations. Additionally, the governments of both countries will maintain regular communication to address urgent issues.

According to Morten Bødskov, Minister for Industry, Business and Financial Affairs of Denmark, the Danish government and Danish businesses are united in their support for Ukraine. Despite the current challenges of doing business in Ukraine, Danish companies are eager to engage. Morten Bødskov highlighted the need to support these companies in their efforts. Consequently, an agreement was signed to aid Danish businesses in the reconstruction of Ukraine. Danish companies are prepared to take on greater responsibility and contribute their knowledge and experience in various fields, including green energy, new technologies, and strengthening critical infrastructure. This collaboration serves as an example of effective cooperation between Denmark and Ukraine.

This memorandum is a follow-up to the memorandum signed between the governments of Ukraine and Denmark in April 2024. It provided for new financing of around EUR 40 million for the Danish investment fund EIFO to facilitate new investments in the Ukrainian economy. Also within the framework of this document, the Danish government has allocated additional funding to the EIFO mechanism for Ukraine of approximately EUR 380 million to support critical infrastructure using renewable energy.

In her speech, Yuliia Svyrydenko expressed gratitude towards Danish businesses for their continued operations in Ukraine during the war, as well as their investments in modernisation and production expansion.

The signing of the memorandum took place during the Ukrainian-Danish business forum, which was attended by about a hundred representatives of Ukrainian and Danish businesses. The forum was aimed at deepening cooperation between the private sectors of both countries, promoting the localisation of Danish production in Ukraine, setting up joint ventures and attracting investment.

The prospects for such cooperation are mutually beneficial for both countries. Ukraine’s integration into the EU’s internal market creates numerous opportunities for Danish companies looking to expand their business.