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Ukraine offers projects to investors worth $400 billion – Shmyhal

We are talking about the investment “menu” – more than 500 projects and opportunities in 10 sectors of the economy, the Prime Minister said.

Ukrainian authorities are set to provide maximum assistance to cooperate with investors in any form. Prime Minister Denys Shmyhal said this at the Ukrainian-German economic forum in Berlin, Ukrinform reports on Monday, October 24.

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“Despite the war, we reduce state intervention in the economy, we continue privatization, we deepen deregulation, we create conditions for rapid investment!” Shmyhal said.

According to him, an extensive investment menu has been developed – more than 500 projects and opportunities in 10 sectors of the economy with a total potential of more than $400 billion.

“Ukraine needs investments for growth, but European businesses also need Ukraine to implement bold and promising ideas,” the prime minister emphasized.

Shmyhal noted that military risks are currently a deterrent for investors, so authorities are working hard to reduce them. Cooperation has been established with MIGA (Multilateral Investment Guarantee Agency), with successful cases in countries where terrorist activities are carried out.

“The agency has allocated $30 million to Ukraine for the implementation of a pilot project to guarantee investments. We will continue to develop this work together with everyone,” assured the prime minister.

Remember that Ukraine needs $70-80 billion of private investment every year. Such volumes are necessary to make an “economic miracle” after the war, said First Deputy Prime Minister – Minister of Economy Yulia Sviridenko.

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Source: korrespondent

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