Ukraine and Switzerland will hold joint business missions for domestic businesses to explore opportunities for Swiss companies to invest in Ukraine, as well as opportunities for Ukrainian companies in Switzerland.
This was discussed at the Swiss-Ukrainian round table in Davos on January 17, dedicated to Ukraine’s recovery, according to the website of the Ministry of Economy.
During the meeting, Deputy Economy Minister Volodymyr Kuzio noted that Ukraine had managed to build an infrastructure of war risk insurance in 2023. Thus, MIGA has already insured the first investments, Japan, the UK and Norway have already contributed to the MIGA Sure trust fund. DFC will insure 5 projects for $380 million, EBRD is working on the creation of a mechanism to insure war-related property risks for damage to goods during transportation and warehouses. Also, the Ministry of Economy together with British partners launched a mechanism of insurance of ships against war risks. In addition, by early 2024, 14 foreign Export Credit Agencies (ECAs) have insurance terms to support Ukraine and five more are working on their implementation.
The Swiss side noted that it is working on the issue of launching a reinsurance market involving their ECAs and private companies, the report said.
“Traditionally, the largest sectors of Swiss investment have been industry, financial and insurance activities. We hope to continue this trend in the future,” Vladimir Kuzio emphasized.
During the round table, representatives of Swiss companies and business associations assured that they are ready to support feasibility studies of investment projects and join the deregulation reform. The parties agreed to prepare a list of documents that, in the opinion of foreign investors, prevent them from entering the Ukrainian market or working in Ukraine, and these documents will be considered during the meeting of the interdepartmental working group on deregulation.
In addition, the issue of participation of Swiss companies in public procurement in Ukraine was raised. Within the framework of updating the Free Trade Agreement with the European Free Trade Association, Switzerland will improve the mechanism of mutual access to the public procurement market.
Representatives of Swiss companies already operating in Ukraine noted the improvement of the business climate last year.
The goal is to organize analytical discussions on the implementation of industrial investment projects, present a report on the prospects and mechanisms for creating new investment funds, and award investors who have started and are implementing projects after February 24, 2022.
The event will take place on December 1, 2023, at the UCCI and will bring together high-ranking government and business representatives.
The recovery and economic transformation of Ukraine depends on adequate funding for reconstruction projects and attracting private investment. Despite the significant challenges of today, Ukrainian and international companies continue to invest, create new jobs, support the country’s economy, and show the world an example of project implementation without waiting for the end of hostilities.
Participants will discuss the needs of business and the state in terms of industrial, energy-efficient equipment and materials, economic transformation, and factors of Ukraine’s investment attractiveness.
The event will include an award ceremony for companies investing in Ukraine after 02/24/22, public figures and media contributing to the development of Ukraine’s investment environment.
Time: 14:00-18:00
Among the speakers:
– Sergiy Tsivkach – Executive Director of UkraineInvest, the government office for attracting and supporting investments
– Volodymyr Kuzio – Deputy Minister of Economy of Ukraine
– Dmytro Kysylevsky – Member of Parliament of Ukraine, Deputy Chairman of the Committee on Economic Development of the Verkhovna Rada of Ukraine
– Hanna Zamazeyeva, Head of the State Agency on Energy Efficiency and Energy Saving of Ukraine
Organizers: UkraineInvest, Government Office for Investment Promotion and Support, and the Ukrainian Chamber of Commerce and Industry
Program of the event
https://shorturl.at/gixO4
Media accreditation is required:
E-mail: nazarii.volianskyi@ukraineinvest.gov.ua; tel. +38063-023-11-93
Dmytro Kysylevsky, Hanna Zamazeyeva, Sergiy Tsivkach, UKRAINEINVEST, Ukrainian Chamber of Commerce and Industry, Volodymyr Kuzio
