Foreign investment in Ukraine is a critical part of the recovery, the Danish Ambassador said.
The first contracts for Danish investment in Ukraine have already been signed, but the details have not yet been disclosed for security reasons. The Danish Ambassador to Ukraine Ole Egberg Mikkelsen spoke about this in an interview with Economic Truth.
“Denmark is already moving from grants to investment. We understand that there may be risks here, but we cannot wait until the end of the war. Foreign investment in Ukraine is a critical part of the recovery, and Denmark is doing of serious efforts to facilitate business work in Ukraine, not least in the Nikolaev region,” he said.
In particular, the Danish Ukraine Support Fund, launched this year, has a strong private sector component. Denmark can issue loans and investment guarantees to some Danish and Ukrainian businesses.
“Details about many specific projects cannot now be disclosed for security reasons, as they are located in territories that have experienced the severe consequences of war and the threats there are significant. But I can tell you that the contracts have been signed,” the ambassador added.
Many Danish corporations were already operating in Ukraine, and they were able to maintain and even expand their activities during the war.
In particular, this year DTEK launched a new wind power plant Tiligulskaya in the Nikolaev region. Danish company Vestas has provided wind turbines to enable Ukraine to continue its green energy transition.
Carlsberg invested €40 million in Ukraine this year, increasing production by 80%, which is probably the largest foreign investment in Ukraine this year.
“Many other, large and small, Danish companies have expressed interest in establishing a foothold in Ukraine, as we clearly saw at the recent Rebuild Ukraine conference in Warsaw. Denmark and the embassy are ready to help and advise those who are thinking of such a step,” – summed up the ambassador.
Let’s recall that in May Denmark opened a special investment fund for Ukraine in the amount of one billion Danish kroner ($133 million).
It has been reported that the European Commission is preparing several proposals that will help reduce the risks for European businesses working in Ukraine and thus help the recovery.
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Source: korrespondent
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.