The US names six main conditions for attracting investment to Ukraine.

Monday, December 11, 2023
The US names six main conditions for attracting investment to Ukraine.

Security, reforms, new support tools, infrastructure development, compensation for the damages caused by Russia, and the integration of refugees and veterans are six key elements necessary to attract private investment to Ukraine, stated the US special representative for the economic recovery of Ukraine, Penny Pritzker, at the annual meeting of the American Chamber of Commerce.

The official added that anti-corruption reform is crucial for attracting the private sector’s interest, which will be necessary for the Ukrainian economy’s full recovery. Among the support tools, she listed investment risk insurance and marine insurance.

“We need to support infrastructure development to expand market access and increase exports,” Pritzker believes.

She recalled that the operation of the Odesa ports increased the export of grain and steel from two million tons per month to 7-8 million tons, which could add $25B, or 8%, to Ukraine’s GDP and potentially increase tax revenues by $5B per year, which is almost 10% of the state budget.

Support independent journalism team

Dear Ukraine Business News reader, we are a team of 20 Ukrainian journalists, researchers, reporters and editors who would humbly ask for your support.

Previous post
Turnover at Ukrainian shopping malls is increasing, and foot traffic has exceeded pre-war indicators.

Turnover at Ukrainian shopping malls is increasing, and foot traffic has exceeded pre-war indicators.

Next post
Ukraine agrees with Romania on essential steps to increase export volumes.

Ukraine agrees with Romania on essential steps to increase export volumes.

Previous Main Topics