Ukraine expects $6.5 billion in investments by the end of the year, – Shmyhal
The government expects nearly $6.5 billion in foreign investments this year. The list of financed projects also includes infrastructure projects.
This volume of investments will be the largest in the last five years. This was announced by the Prime Minister of Ukraine Denys Shmyhal during his speech at the Second Annual Forum of UkraineInvest “MAKE in UA”.
“$15 billion of investments annually, starting in 2025, – we have approved such an indicator in the National Economic Strategy. An ambitious goal. But thanks to our joint work, it is absolutely achievable,” said the Head of the Cabinet of Ministers.
Shmygal also listed 7 key directions for attracting investments and developing the country’s economy. Among them:
- high-quality implementation of the law on state support for investment projects with large investments;
- reducing the role of the state in the economy through the privatization of state-owned enterprises, as well as the development of public-private partnerships and concessions in various industries: from ports and roads to gas production;
- “cheap and long-term” (in terms of interest payments and return periods) money for development;
- launch of industrial parks.
The Prime Minister noted that in February the Law “On State Support of Investment Projects with Significant Investments in Ukraine” came into force, which provides for customs, tax, infrastructure and land benefits for investment projects with an investment of over 20 million euros.
In addition, Shmyhal highlighted that the development of the investment climate is impossible without putting things in order in the sphere of state property. According to him, over the past two years, the state has attracted about UAH 8.5 billion (USD 312.5 million) from the privatization of objects.