The Ministry of Economy of Ukraine presented the Investment Guide of Ukraine at the Ukraine Recovery Conference 2024 in Berlin. The document contains essential information for investors, experts, and analysts interested in economic policy, recovery, and investment activities in Ukraine.
The Investment Guide was prepared in collaboration with the KSE Institute and with the support of consultants from the Big Four. It outlines priority sectors for the Government, focusing on the development of the manufacturing industry to address export logistics gaps and increase value-added. The guide provides a detailed overview of key sectors such as energy, transportation and logistics, agro-industrial complex, green metallurgy, pharmaceuticals and healthcare, critical materials, IT, and includes examples of investment projects in these sectors. Additionally, the guide describes the investment landscape of Ukraine.
The document also includes 95 investment projects requiring approximately $27 billion in funding. These projects span various sectors of the economy and represent different companies in terms of size, ownership structure, and area of operation. It's worth noting that many projects currently require further refinement. To address this, the Government is working on launching a Project Preparation Facility to increase the number of investment-ready projects.
"To catch up with EU countries in terms of GDP per capita, Ukraine needs investments or technology transfer amounting to $10-30 billion annually over the next decade. War does not mean an embargo on investments. In 2023, foreign investors injected $4.25 billion into Ukraine's economy, exceeding the levels of 2016-2017. We must continue to increase this indicator," noted Yulia Svyrydenko, First Vice Prime Minister - Minister of Economy of Ukraine.
Investing in Ukraine now is strategically advantageous due to several factors. International financial assistance and co-financing mechanisms involving international financial institutions and organizations support private investment. Favorable global trends such as decarbonization and Eurointegration, combined with significant infrastructure, energy, and agriculture reconstruction needs, create substantial opportunities. Reconstruction with international support will drive Ukraine's economic growth, providing potential for high returns. Additionally, Ukraine's progress on the path to the EU aligns its standards with the European market, improving investment prospects.
"We are aware of the challenges and risks associated with investing in Ukraine during the war, so together with partners, we strive to support investors through effective measures and incentives. Among them are guarantees from the Ukraine Facility, G7 countries, war risk insurance, targeted state support programs, deregulation, tax incentives, and affordable financing. We invite investors to join us on this transformational journey towards a sustainable and successful future for Ukraine, contributing to the country's recovery and economic growth and receiving dividends from it," emphasized Volodymyr Kuzio, Deputy Minister of Economy of Ukraine.
The Government of Ukraine actively supports investors by strengthening business cases through analysis conducted by specialized working groups. Additionally, the Government assists in project preparation by providing necessary data and collaborating with experts for preliminary research, investment decision-making, and fundraising. To attract potential investment partners, Ukraine establishes initiatives for recovery and development with international financial institutions and insurance companies aimed at facilitating access to funding and reducing investment risks. Furthermore, Ukraine offers various incentives for large investments, including tax and customs exemptions, subsidies, and simplified access to infrastructure and municipal services. The Government is ready to provide detailed information about these incentives and assist investors in maximizing their benefits.
The full text of the Investment Guide of Ukraine can be found on the official website of the Ukraine Recovery Conference 2024 at: https://www.urc-international.com/conference-materials-urc-2024
