Financial instruments for business from state and commercial financial institutions of Poland and Ukraine were presented in Warsaw during the XIX International Forum “Ukrainian-Polish Business Days”

Financial instruments for business from state and commercial financial institutions of Poland and Ukraine were presented in Warsaw during the XIX International Forum “Ukrainian-Polish Business Days”

Oleksandr Melnychenko, Acting Executive Director of UkraineInvest, told the participants about

  • prospects for significant investment in Ukraine during the full-scale invasion of russia;
  • incentives available in Ukraine to attract international investors;
  • step-by-step guide for investors with significant investments.

Ukraine has developed and implemented special legislation to attract foreign direct investment. For example, the Law of Ukraine “On State Support of Investment Projects with Significant Investments in Ukraine” provides for state support of up to 30% of the volume of significant investments for relevant investment projects. A significant investment is defined as an investment of more than EUR 12 million. This law provides, among other things, for compensation for the costs of connecting engineering and transport networks, the right of first refusal to use a land plot, the provision of engineering and transport infrastructure construction at the expense of the state budget, etc.,” says Oleksandr Melnychenko.

The Forum was also attended by representatives of government agencies, business, local authorities, financial institutions, diplomats and experts from Poland and Ukraine.

The event has traditionally become an epicentre for discussing challenges, opportunities and prospects for cooperation between Ukraine and Poland.

The main objective is to facilitate a fruitful dialogue between business and government in Poland and Ukraine, to develop partnerships between the business communities of both countries, and to create transparent and favourable conditions for trade and investment cooperation and the future reconstruction of Ukraine.

Poland is a major foreign investor in Ukraine. In 2021, Poland was among the top 10 countries in the world in terms of foreign direct investment in Ukraine – USD 227.9 million. Last year the amount of invested funds was USD 97.2 million.

At present, there are about 660 Polish companies operating and continuing their activities in Ukraine. A significant number of Polish companies have expressed their desire to participate in the reconstruction and recovery of Ukraine after the ongoing war. To date, the PAIH Kyiv office has received about three thousand applications from Polish companies willing to participate in the rebuilding of the post-war Ukrainian economy, of which 60% are from small and medium-sized businesses. 

Follow us on Facebook, Twitter, LinkedIn, or YouTube.