According to a joint assessment by the Government of Ukraine, the World Bank Group, the European Commission and the United Nations (RDNA2), the need to rebuild Ukraine’s energy and extractive sectors has already exceeded SEK 470 billion. This situation opens up significant opportunities for international business to contribute to future reconstruction efforts.
This was discussed during the webinar “Restoring Ukraine’s Energy Sector: Opportunities for Swedish Business”, organised by Business Sweden and the Ministry of Energy of Ukraine.
Nazarii Volianskyi, Head of International Relations and Communications at UkraineInvest, informed the Swedish business community about support for investment projects in Ukraine and the investment incentives available to Swedish companies in Ukraine free of charge.
“Despite the current military risks, Ukraine is an attractive destination for Swedish experience and green solutions, especially in the areas of renewable energy, smart grids and energy storage. To encourage private sector participation in Ukraine’s recovery, the Ukrainian government has focused on strengthening investment incentive legislation. In addition to the existing support mechanisms, a recently adopted law introduces additional tax, customs, infrastructure and other incentives for private companies participating in investment projects exceeding SEK 130 million in various industries in Ukraine, including the production of energy equipment. We invite the Swedish business community to actively participate in Ukrainian initiatives,” said Nazarii Volianskyi.
He also presented the #UkraineInvestGuide, a guide containing all the necessary information for an investor considering Ukraine as an investment destination.
Business Sweden is a platform with a unique mandate from the Swedish government and the private sector to support business, including facilitating cooperation between Swedish and Ukrainian players in the energy sector to support Ukraine’s recovery.
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