Business news from Ukraine

Taras Melnychuk: Ukraine is creating most favorable investment climate for investors

Ukraine is creating the most favorable investment climate possible to encourage potential investors, said Taras Melnychuk, the representative of the Cabinet of Ministers in the Verkhovna Rada.

“Today we have met with representatives of some of the largest American companies willing to invest in Ukraine or already doing business here. In turn, Ukraine is creating the most favorable investment climate to encourage potential investors,” he wrote on his Telegram channel.

Melnychuk noted that the Ukrainian economy needs to attract American investment to recover and grow.

According to him, special attention is paid to developing cooperation with American arms and ammunition manufacturers.

“The main prerequisite for this is to provide Ukraine with additional air defense systems. This will help protect our entire civilian infrastructure from Russian terrorism,” the Cabinet representative emphasized.

In addition, Ukraine is also interested in developing logistics routes and the energy sector.

As previously reported, Prime Minister of Ukraine Denys Shmyhal and U.S. Special Representative for Ukraine’s Economic Recovery Penny Pritzker met with American businesses.

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VOLODYMYR ZELENSKY PLANS TO CREATE FAVORABLE INVESTMENT CLIMATE IN UKRAINE IF ELECTED PRESIDENT

Ukrainian presidential candidate Volodymyr Zelensky said he is determined to create a favorable climate for foreign and domestic investments in Ukraine if elected president. “As concerns business relations, economic relations with the West, they are expecting guarantees, they believe they will have a guarantee with a new president. After all, an appropriate climate should appear for both Ukrainian investments and Western investments,” Zelensky said in an interview shown on the Ukraina television channel.
Ukraine should set up a special institution dealing with economic crimes, Zelensky said.
“The law enforcement agencies, such as the Security Service, the Prosecutor General’s Office, and the Interior Ministry, must be deprived of all functions of putting pressure on the business sector and influencing the economy,” he said.
Zelensky insisted on “relaunching” anti-corruption bodies and the Anti-Corruption Court, “because two years have passed, and promises still keep being made, but I think we will be able to do all that.”

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