Ukraine’s Ministry of Economy and Environment has outlined its key priorities for 2027, including the creation of a portfolio of high-quality reconstruction projects.
Minister of Economy and Environment Oleksandr Kravchenko outlined the priorities in an interview with Forbes, according to the ministry.
Kravchenko said consumption currently remains the main driver of GDP growth, while the trade deficit continues to increase. A significant share of international assistance is directed towards consumption rather than expanding production, limiting economic growth and making the current model less sustainable.
The first priority is increasing investment. According to Kravchenko, this requires creating better conditions for both domestic and foreign investors through a comprehensive de-risking system aimed at reducing and sharing investment risks.
“The key gap is war-risk insurance. We need a comprehensive mechanism that will make investment in Ukraine acceptable to private capital. Our target for next year is around $5 billion in foreign direct investment,” Kravchenko said.
The second priority is developing a portfolio of reconstruction projects. The minister noted that Ukraine’s reconstruction could potentially attract hundreds of billions of dollars in investment, making it necessary to prepare high-quality projects that are ready to receive financing.
The target for 2027 is to create a portfolio of such projects worth approximately $40 billion.
Kravchenko also outlined several conditions needed to turn interest in Ukraine into actual investment. These include examples of foreign companies that continue to operate and invest in the country, further development of industrial parks and support mechanisms for projects involving significant investment.
The ministry is also discussing with international partners the possibility of compensating capital investments through the tax system. Investment by Ukrainian businesses remains another important signal for foreign investors.
At the same time, the ministry is working on deregulation and reducing the bureaucratic burden on businesses. A new law on state supervision has already been adopted, while more than 350 of the 1,353 regulatory instruments reviewed have been abolished.
The next steps include abolishing another 58 permits, introducing the e-Permit system with a comprehensive list of required permits, and replacing another 147 permits with declarations.
