American businesses are interested in investing in Ukraine's reconstruction projects
Private capital and investments from both foreign and domestic businesses will be the cornerstone of Ukraine's recovery. This was discussed during a meeting between the leadership of the Ministry of Economy of Ukraine and representatives of the International Stability Operations Association (ISOA) and leading American companies.
"The government has identified key sectors that are most promising for investment in Ukraine, including energy, agricultural production and food, transportation and logistics, critical materials, IT, and mechanical engineering. These sectors are already driving our country's economy and have global growth potential. The goods and services from these sectors are also in demand on the international market. Furthermore, by developing these sectors, Ukraine can help the world address global challenges such as hunger, the climate crisis, and provide an alternative to Russian exports," said Deputy Minister of Economy of Ukraine Nadia Bigun.
She noted that due to the war, Ukraine experienced nearly a 30% economic downturn last year, but thanks to the resilience and adaptability of Ukrainian businesses, the country is already observing a 2.2% GDP growth this year. However, to fully recover, the domestic economy needs to grow at a much faster pace, and this requires investments.
"The foundation of Ukraine's recovery should be private capital and investments from both foreign and Ukrainian entrepreneurs. We invite investors to participate in the country's reconstruction through mechanisms of public-private partnerships, establish joint ventures with Ukrainian businesses, leverage the opportunities provided by industrial parks, and offer state support to large investors. We are working on investment risk insurance. The Ukrainian market has significant potential, including a workforce, raw materials, and sales markets. Now is the time to consider investing in the country's recovery and relocating production to Ukraine within global supply chains," emphasized Deputy Minister of Economy of Ukraine Volodymyr Kuzio.
During the meeting, several other issues of interest to American business representatives were also discussed, including demining of territories, particularly agricultural lands, public procurement, the development of the domestic processing industry, and localization of production in Ukraine, as well as support for small and medium-sized Ukrainian businesses.