This was stated by Maksym Bondarenko, Head of Investment Advisory Department at UkraineInvest, during his speech at the Green Transition Forum 4.0: New Global Perspectives for the CEE Region. The event became a platform for open discussion on issues related to the economic, technological and social future of stakeholders affected by the Green Deal.
“Now is the best time to invest in Ukraine, because every euro invested now will be worth three euros after the war. UkraineInvest assists foreign companies with investment-related matters by providing free services to all new and existing investors to help them enter and operate in Ukraine. We assist investors throughout the investment process, from pre-investment advice and assistance to post-investment support. UkraineInvest also promotes sectoral investment opportunities and provides information on doing business in Ukraine, including the regulatory framework. The institution actively promotes Ukraine internationally and organises events to highlight investment opportunities,” said Maksym Bondarenko.
Ukraine is actively working to improve its energy system, focusing on modernising and expanding its infrastructure to ensure a stable supply of conventional energy resources and supporting the development of renewable energy sources. These efforts are aimed at ensuring energy security, reducing import dependency and responding to current energy challenges. Cooperation between Ukraine and Bulgaria in the energy sector, including renewable energy and energy efficiency, has significant potential for attracting investment and implementing innovative projects.
Sharing best practices and innovative solutions in energy efficiency will allow both countries to optimise energy use, reduce carbon emissions and improve energy security. This could include the modernisation of infrastructure, the introduction of the latest energy-saving technologies and the development of joint education and training programmes on energy efficiency. An important tool in this regard could be the ESCO model, which involves attracting private investment in energy saving projects by offering future energy cost savings.
Bioenergy has an important role to play in Ukraine’s sustainable energy development, especially given its large agricultural production and the availability of biomass as a by-product. Bulgarian investment could significantly improve Ukraine’s capacity to convert biomass into heat and electricity through the creation of efficient bioenergy plants. Co-operation could also cover infrastructure upgrades to improve energy efficiency, including improved street lighting, thermal insulation of buildings and the introduction of energy efficient technologies in the industrial sector. This will help to reduce energy consumption and CO2 emissions, as well as improve the overall economic efficiency of both countries’ energy systems. Another promising area of cooperation is waste-to-energy technologies. Bulgarian expertise in this area can help Ukraine develop efficient systems for converting municipal and industrial waste into energy, which will help improve energy efficiency and reduce carbon dioxide emissions.
Green Transition is the largest and most influential platform for discussing the European Green Deal in Central and Eastern Europe, bringing together committed visionaries and leaders who are catalysing the transformation of economies and industries towards zero greenhouse gas emissions.
Follow us on Facebook, Twitter, LinkedIn, or YouTube.
