Business news from Ukraine

Business news from Ukraine

President of Ukraine Zelensky and USAID administrator discuss Recovery Plan

President of Ukraine Volodymyr Zelensky and Administrator of the United States Agency for International Development (USAID) Samantha Power discussed the implementation of the Ukraine Fast Recovery Plan and the details of programs designed to develop a safe space in Ukraine, the website of the Ukrainian head of state reported.

“Today, our main goal is to prepare for winter, create decent living conditions for the population in the liberated territories, and restore critical infrastructure as soon as possible. There is a big and ambitious thing that will happen after the victory of Ukraine, but there is something that is needed now and where you can help us,” Zelensky emphasized during a conversation with the USAID administrator.

The president of Ukraine presented Samantha Power with the Order of Princess Olga of the first grade, which she was awarded for her significant contribution to the development of interstate cooperation and consistent and important support of our state.

Zelensky also thanked her for the agency’s allocation of $55 million to prepare Ukraine’s heating infrastructure for winter amid Russian aggression, and also praised the level of economic and defense support provided by the United States to Ukraine.

“It is extremely important for us to have such an ally as the United States, which is a real leader in consolidating international support for Ukraine,” the president of Ukraine said.

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RECOVERY PLAN FOR UKRAINE FORESEES AT LEAST $37 BLN INVESTMENTS IN AGRO-INDUSTRIAL COMPLEX

The Ukraine Recovery Plan for 2022-2032 includes a number of projects in the agro-industrial complex, the implementation of which will require an investment of at least $37 billion, including a project for the development of processing in the agricultural sector in accordance with the Green Deal principles, for which it is planned to raise $10.2 billion.
It is proposed to increase the production of starch, syrups, gluten, lecithin, protein, premixes, meat and milk as the key directions for the development of processing in the agro-industrial complex, according to a detailed document provided to Interfax-Ukraine by Secretary of the National Council for Ukraine Recovery Danylo Hetmantsev.
It is also planned to attract $4 billion of investments in the construction of an irrigation system on a total area of 1 million hectares, $7.7 billion in increasing the production of agricultural products with high added value, $1.6 billion in the reclamation of war-damaged lands, $5.5 billion in increasing livestock production and $1 billion to promote the transition of the Ukrainian agro-industrial complex to “green” development.
According to the document, it is planned to attract $6.5 billion by 2032 to restore 10,500 Ukrainian agricultural enterprises after the war.
The plan for the recovery of Ukraine specifies that the main problems of the Ukrainian agro-industrial complex are the low degree of agricultural products processing, the generation of insignificant amounts of surplus value by the agricultural sector, and the country’s dependence on “oversized imports.”
As reported, the Ukraine Recovery Plan is aimed at accelerating sustainable economic growth. The plan defines a list of national programs to achieve the key results.
In total, the program provides for the implementation of 850 projects during 2022-2032, which will allow Ukraine to enter the TOP-25 countries in the world in terms of the Human Capital Index and the Economic Complexity Index.

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POLISH PRIME MINISTER MATEUSZ MORAWIECKI INITIATES EUR100 BLN RECOVERY PLAN FOR UKRAINE

Systematic support for Ukraine with a plan to restore it for EUR100 billion, tougher sanctions against Russia and overall energy independence are the main postulates that Polish Prime Minister Mateusz Morawiecki presented at a meeting with European Commission President Ursula von der Leyen in Brussels on March 1.
According to the report on the website of the Polish government, Morawiecki stressed the need for a broader view of the Ukrainian issue.
“It is also very important to prepare an investment package for Ukraine, because the economy needs new investments and new jobs, and energy security is necessary as an important element of recovery after the war, which may end soon,” the official said.
According to him, this will also lead to the fact that this part of Europe will finally become independent of Russian gas, oil and coal.
“This is a necessary condition for peace to reign here in the long term,” the prime minister of Poland summed up.
During his visit to Brussels, Morawiecki demanded the most detailed package of sanctions and stressed that it was necessary.

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