American businesses are optimistic about Ukraine’s economic future.

The American private sector looks at Ukraine’s economic future optimistically and realistically. Optimism is based on GDP growth, tax revenue, and the creation of new jobs, said US Special Representative for the Economic Recovery of Ukraine, Penny Pritzker.

According to her, despite the war Ukraine’s GDP grew by 4.1% in the first half of this year, investments grew by 17%, tax revenues by 25%, and 37,000 new enterprises were incorporated last year.

Pritzker believes that Ukraine’s partners should focus on reforms that will lay the foundations for investment in Ukraine and its accession to the EU and NATO, and they should also encourage international investment to attract more capital and restore insurance markets.

For example, in the spring the American company Westinghouse and Energoatom commenced a project to build two units at the Khmelnytskyy NPP using AR1000 technology. Also, Amentum is working to create a joint venture with the Ukrainian defense industry. As well, the Clayco construction company is considering participating in Ukraine’s reconstruction.