The Ministry for Communities, Territories and Infrastructure Development hosted a meeting of the infrastructure team with representatives of the European Business Association. More than 200 Ukrainian and foreign business leaders took part in the discussion.

The key focus was on public-private partnerships in infrastructure projects, implementation of reforms and cooperation in the near future. The meeting emphasised that while last year the focus was on projects that would help the Ukrainian economy survive, now the focus is on development and change.

“It is important for us to meet with the business community, listen to their problems and work together to find solutions. Supporting the country’s economic development in times of war is another way to win. The infrastructure team is already offering a number of investment projects that both contribute to Ukraine’s recovery and are attractive for business development and expansion. We are committed to ensuring transparency and a level playing field for investors,” said Oleksandr Kubrakov, Deputy Prime Minister and Minister for Communities, Territories and Infrastructure Development.

To this end, digital recovery management tools have already been introduced:

• DREAM system, which allows monitoring the implementation of reconstruction projects at all stages;
• Geoinformation system for regional development;
• Register of damaged and destroyed property;
• The Unified State Electronic System in the Construction Sector.

At present, 75% of reconstruction projects are carried out in close cooperation with international organisations. They involve construction, logistics, energy-saving technologies, etc. According to Oleksandr Kubrakov, it is not just about investment, but also and above all about creating jobs in the communities.

“The business sector is ready to lend a helping hand. In addition, last year we launched a global initiative – Global Business for Ukraine – to bring together global companies that are not yet active in Ukraine. We are actively communicating the importance of investing in and working with Ukraine, and we are happy to support the Ministry’s key initiatives and projects, particularly those aimed at rebuilding the country. One of the tools can be the Investment Map broken down by regions of Ukraine, which the EBA has launched together with Ukraine Invest,” said Anna Derevyanko, Executive Director of the European Business Association.

Participants also discussed the challenges and risks associated with the war. This was also discussed at the recent Recovery Conference in London. Representatives of foreign governments and international financial organisations discussed the development of mechanisms to insure businesses against war risks. This shows that even in times of war, common solutions can be found and opportunities for Ukraine’s economic development can be seized.