• Українською
  • Restoration of Ukraine opens up new opportunities for attracting foreign investment in the private sector
    Ministry of Economy of Ukraine, posted 08 February 2023 17:29

    The Ministry of Economy is focused on the development of the private sector, which has demonstrated high resilience and adaptability since the beginning of the war. Ukraine has managed to maintain macroeconomic stability and establish a productive dialogue with international financial institutions that are developing a new financial architecture for Ukraine's recovery with an emphasis on increasing investment in the private sector.

    This was emphasized by the First Deputy Prime Minister and Minister of Economy of Ukraine Yuliia Svyrydenko in her address to the British-Ukrainian Private Finance Partnership on February 8.

    "The investment menu on the AdvantageUkraine platform is now ready, with more than 50 investment projects worth almost USD 9 billion already offered. We urge British businesses to invest in Ukraine's development now, without waiting for the war to end, to help Ukrainian companies grow. Ukraine's recovery program, in particular, will give a new impetus to the European economy," said Yuliia Svyrydenko.

    In particular, Ukraine expects private investment in defense, agriculture, IT, renewable energy, gas production and storage, logistics, construction, etc. For its part, Ukraine offers construction sites that can be located in industrial parks, tax incentives, war risk insurance from MIGA and DFC covering up to 90% of potential losses, loans from international financial institutions, and credit risk coverage.

    "We are interested in creating all the conditions for the development of Ukrainian and international business partnerships. Investment companies such as BlackRock and J.P. Morgan are already working to develop a favorable business and investment climate in Ukraine. In addition, organizations such as IFC, EBRD, and EIB are providing direct long-term and affordable lending. Despite the difficult circumstances, the Ukrainian economy is demonstrating resilience, and we are looking forward to further support from our international partners and the implementation of joint investment projects," the First Deputy Prime Minister emphasized.

    Yuliia Svyrydenko also thanked the UK Government for supporting Ukraine in preserving and restoring its energy, transport, and communications infrastructure. In particular, an important step was the signing last year of the Memorandum on Infrastructure Rebuilding of Ukraine during the UK-Ukraine Infrastructure Summit in London. The Memorandum, in particular, paves the way for British businesses to fully participate in rebuilding Ukraine's infrastructure, which was destroyed by russian aggression.