The development of small and medium-sized businesses, including in cooperation with partner countries, is one of the priorities for Ukraine's rapid recovery. Taras Kachka, Deputy Minister of Economy of Ukraine and Trade Representative of Ukraine, discussed the promotion of investment in the Ukrainian economy and financial support for business with Jadwiga Emilewicz, Government Commissioner for Polish-Ukrainian Development Cooperation.

The meeting took place on 5 July. The Polish delegation was joined by Ambassador of the Republic of Poland to Ukraine Bartosz Cichocki, the management of the Government Agency for Strategic Reserves, the Export Credit Insurance Corporation and representatives of the Polish Investment and Trade Agency.

"Rapid recovery and effective business development, support in finding new business contacts, diversification of production and access to new markets are the main focus of the Ministry of Economy. Together with our Polish partners, we are working to attract investment in Ukrainian businesses to help them recover, including from Polish and Ukrainian business development funds. War risk insurance by KUKE, the Export Credit Agency of Poland, may become an important component of this process," said Taras Kachka.

The Deputy Minister added that private investment would be the basis for the reconstruction and recovery of Ukraine. However, it is critical to start investing in Ukraine now, without waiting for the war to end. War risk insurance will enable foreign investors to start cooperating with Ukrainian businesses and work on Ukraine's recovery.

KUKE is the official export credit agency of Poland. The Corporation is authorised to provide export insurance to Polish companies with the support of the State Treasury.

The parties also discussed the issues of simplifying business in Ukraine and Poland for companies from both countries. In particular, they discussed public procurement legislation. The parties discussed a plan for the coming months on how to encourage the intensification of business and economic ties now, not waiting for the end of hostilities.

The Government of Ukraine, in turn, has identified five priorities for rapid recovery: energy, damaged housing, critical infrastructure, demining and the development of small and medium-sized businesses. In particular, Ukraine's investment opportunities and government investment incentives were presented at the Ukraine Recovery Conference 2023 in London. The Ukrainian side is counting on Poland's significant contribution to Ukraine's reconstruction, in particular, to the restoration of Kharkiv region, where demining and active restoration of critical and social infrastructure is underway.