Ukraine’s reconstruction, modernisation and stabilisation are key factors in attracting investors

Ukraine’s reconstruction, modernisation and stabilisation are key factors in attracting investors

Despite the current challenges, our country retains its potential and prospects for investment development. 

This was stated by Oleksandr Melnychenko, Acting Executive Director of UkraineInvest, during the III Forum on the Reconstruction of Ukraine – PAIH “Integration – Economy – Partnership”. 

“UkraineInvest has been working with PAIH since the beginning of the full-scale Russian invasion. PAIH’s Kyiv office has received over 3,000 applications from Polish companies that want to participate in the rebuilding of the post-war Ukrainian economy. Our task is to create the right conditions for a significant number of these companies to invest in Ukraine during the war. To this end, Ukraine has created pro-European investment legislation, both in substance and in spirit, which includes investor preferences, as well as institutional mechanisms, represented by the government agency UkraineInvest, which provides comprehensive analytical, legal and advisory support to investors, and the relevant department of the Ministry of Economy of Ukraine, which is the authorised body that prepares the draft investment agreement between the investor and the Cabinet of Ministers of Ukraine. We are grateful to Poland for its support and invite Polish companies to invest more actively in Ukraine,” said Oleksandr Melnychenko. 

Oleksandr Melnychenko also presented the guide “Rebuilding Ukraine with the Private Sector” to the participants, stressing that the guide will help every Polish investor to determine his place in the Ukrainian economy and its reconstruction. 

In addition, a Memorandum of Understanding was signed between UkraineInvest and JSC “KREDOBANK” and a new document on cooperation between UkraineInvest and PAIH was announced, which agreed to launch new ideas for the development of our bilateral cooperation during the war, not only after Ukraine’s victory. 

Poland has been a major foreign investor in Ukraine for many years. 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 invested was USD 97.2 million. 

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