60 billion euros of technical assistance was announced during the URC’23 Ukraine Recovery Conference in London. Continued support from international partners is a signal to businesses that it is time to invest. However, the assistance currently provided by international partners is mostly public money. Ukraine needs to attract private capital more actively. After all, according to preliminary estimates by the World Bank, at least $411 billion will be needed for reconstruction.
Ukraine is attractive to investors even in times of war. The existing investments of Kingspan Global (a USD 300 million project), Unilever (USD 20 million), Bayer (EUR 60 million), Cersanit (EUR 20 million during the war, the total package is more than EUR 60 million) are proof of this.
The 400 private international companies that have joined the coalition of businesses for investment in Ukraine’s recovery, announced by Prime Minister of Ukraine Denys Shmyhal at the conference on Ukraine’s recovery, also prove this. For its part, UkraineInvest also continues to work in this direction.
This was stated by Sergiy Tsivkach, CEO of UkraineInvest, in an interview with Pryamyy TV channel.
Watch the video for more details: https://www.youtube.com/watch?v=V7xgkQZx4jk
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