Ukraine intends to increase the inflow of foreign direct investment (FDI) by 2025 to $15 billion per year, while at the end of 2020 their outflow amounted to $420 million, and in 2021 the National Bank predicts a recovery in FDI inflows at the level of $3 billion.
The targets are enshrined in the National Economic Strategy 2030 posted on the government’s website.
According to it, Ukraine should at least double its real gross domestic product (GDP) in 10 years.
Target indicators are also the following: an increase in exports to $150 billion compared to $49 billion in 2020, an increase in labor productivity by at least 1.7 times, and a decrease in the unemployment rate from 8.6% to 6% in 2030.
As indicated in the strategy, the share of the public sector of the country’s banking system by 2030 should be reduced to 25% from the current 54%.
At the same time, the document contains the intention of the Ukrainian government to keep the state budget deficit at the level of 2-3% of GDP, and the ratio of public debt to GDP at 30-40%.
As for the trade priorities of the state until 2030, here the document sets out plans to increase the share of small and medium-sized businesses of total exports to 40%.
International trade should also be facilitated by the reduction of the time for passing customs procedures to average European indicators, as well as the synchronization of the work of the customs authorities.
In addition, the National Strategy provides for an increase in the share of investment imports by at least 30% by 2030.
Holding the final of the UEFA Champions League in Kyiv, which took place on May 26, will lead to an increase in the flow of foreign tourists to the Ukrainian capital, the Kyiv City State Administration has said. “To date, we expect an increase in the tourist flow due to this sporting holiday. In 2016 Kyiv hosted 1.3 million foreigners, in 2017 – 1.6 million. We also associate this with the Eurovision song contest. Therefore, such an event as the Champions League final will definitely bring an additional effect,” Deputy Head of the Kyiv City State Administration Oleksiy Reznikov said at a press conference in Kyiv.
He noted that 180 hotels for 20,000 people had been completely redeemed for the Champions League final six months before the match. In addition, according to him, on the initiative of Kyiv citizens, foreign fans lived free of charge in about 2,000 households. “We have already paid UAH 14 million of hotel fees for five months of this year. So, we expect about UAH 30 million only for hotel fees,” Reznikov said.
