Business news from Ukraine

Ukraine has all prospects to become an attractive investment hub for business – Deputy Head of Presidential Office

Ukraine has a set of advantages for attracting significant investments and localizing modern production of global brands, with only security guarantees and accession to the EU required, Rostyslav Shurma, Deputy Head of the Office of the President of Ukraine, said on the air of the national marathon “United News”.

According to him, Ukraine’s prospects are well illustrated by the example of the dialog with Sweden.

“Sweden has very good not only military technologies, but also, first of all, engineering technologies. This is a very wide range. Therefore, Sweden has the entire range of machine building, a complete portfolio, and this is critically important for the reconstruction of Ukraine, because first of all, we will need a huge amount of equipment – both for infrastructure and for the construction of new enterprises and factories,” the deputy head of the OP noted.

He emphasized that such equipment is sold not only as engineering solutions, but also together with financial packages, which are usually provided through export credit agencies, and this is one of the issues being addressed today during negotiations with the Swedish side.

“We are talking about billions of dollars, but the main focus should be on the private sector. Our task is to create conditions that make it profitable for companies to come to Ukraine. We have very qualified people and a large set of mineral resources. We have all the conditions to carry out full-fledged rising of production from Southeast Asian countries to Ukraine. Two main factors remain: security (victory in the war, security guarantees and further accession to NATO) and EU accession (unimpeded access to markets and financing and a set of reforms that we are currently working on). In fact, this is the formula for big projects, great recovery, and a new economy,” added Rostyslav Shurma.

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