Metinvest plans to invest in Ukraine’s reconstruction, but there are obstacles.

Wednesday, March 27, 2024
Metinvest plans to invest in Ukraine’s reconstruction, but there are obstacles.

The general director of the Metinvest group, Yuriy Ryzhenkov, says the expansion of logistics capabilities, currency liberalization, and transparent rules for booking employees are important conditions for developing export-oriented companies in Ukraine during the war.

The opening of the sea corridor has allowed the company to increase its export volume, “although some difficulties with logistics still remain“, he emphasized.

According to him, Metinvest is already planning the next round of investment, which will become the basis for the country’s post-war reconstruction. However, businesses need currency liberalization to improve the investment climate and continue investing in Ukraine. In addition, the company struggles to increase production due to the current worker mobilization rules.

“That’s why we need more transparent reservation rules from the state that would stimulate business growth, not just the outflow of personnel to the Defense Forces,” Ryzhenkov explained.

 

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