Business Advisory Council triggers: Platform brings together business representatives from different countries to help improve the investment climate in Ukraine

Representatives of the world's leading companies and business associations from the US, Canada, the UK, Norway, the EU and Ukraine, who are interested in investing in the Ukrainian economy, have established the Business Advisory Council. This platform aims to provide practical advice and consultations to the Ukrainian authorities on improving the business climate and attracting investment in the private sector.

The first meeting of the Business Advisory Council was held as part of the URC-2024 International Conference on Ukraine's Recovery in Berlin.

The Business Advisory Council includes nearly two dozen CEOs of the world's leading companies and business associations from different countries - the United States, Canada, the United Kingdom, Norway, the EU and Ukraine. Among them are McDonald's, Siemens Energy, Kawasaki Heavy Industries and Lloyd's of London, Genesis, Northrup Grumman International, Orange Poland, Inditex, Canadian Imperial Bank of Commerce, Egis, Confindustria, VNO-NCW (Confederation of Netherlands Industry and Employers), Confederation of Norwegian Enterprises, and Business Sweden.

"The companies that have joined the Business Advisory Council are already actively supporting Ukraine. Now they will join forces. I believe that this association of business leaders will help strengthen the investment climate in Ukraine and attract investment to the private sector. We believe that the advisory board will focus on practical, measurable results, including facilitating the implementation of specific investment projects," said Yuliia Svyrydenko, First Deputy Prime Minister and Minister of Economy of Ukraine.

In particular, representatives of the Business Advisory Council are expected to advise the Government on the obstacles to doing business in Ukraine for investors and on ways to overcome these obstacles. First and foremost, how to integrate Ukraine into global supply chains, help Ukrainian companies enter global markets, and what Ukraine can do to accelerate investment in priority sectors such as energy.

"It is essential for us to change investors' perception of Ukraine. Despite the invasion, many companies are investing in Ukraine. Certainly, businesses face challenges. Our goal, together with the members of the Business Advisory Council, is to work out ways to overcome the obstacles faced by investors who want to enter the Ukrainian market. Supporting business development is an absolute priority of the Government, and I strongly believe that the involvement of representatives of large global companies in improving the business environment in Ukraine will contribute to this," added Yuliia Svyrydenko.