Ukraine should be seen as a place to do profitable business, not as a country that needs unilateral support

Ukrainians are motivated to work with foreign companies, and the government’s investment promotion office guarantees support and guidance to all entrepreneurs wishing to do business in Ukraine.

This was the message UkraineInvest Executive Director Sergiy Tsivkach conveyed to potential investors at Techarenan Summit’23 in Stockholm.
“We are grateful to all foreign partners and 50 countries who continue to support Ukraine in these difficult times. Ukraine needs investors not just to rebuild what has been lost, but to recover and transform economically. After the victory, our defenders should return to a prosperous life, to a country where there is no shortage of jobs and industry is working at full capacity,” said Mr. Tsivkach.  

The investment climate in Ukraine is improving. Despite the full-scale war, 80% of Ukrainian businesses are adapting to the conditions, trying to attract new investments, and restoring supply chains. According to UkraineInvest, direct investment in January-March 2023 exceeded half a billion US dollars. In 2021, the amount of direct investment in Ukraine was a record and amounted to USD 7.3 billion, while the same figure for 2022 was negative, at minus 321 million USD.
Techarenan is a platform for innovation, entrepreneurship, and sustainable development that brings together entrepreneurs, business leaders, experts, investors, and policy makers. The platform includes several annual technology events, a Nordic entrepreneurship competition and a news website.

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