This year the government is going to attract foreign investment of nearly 6,5 billion US dollars, including reinvestment. This will be the largest volume in the last 5 years. This was announced by Prime Minister Denis Shmyhal in his speech at the Second Annual Forum UkraineInvest «MAKE in UA».

«15 billion US dollars of investment annually since 2025, this indicator was laid in the National Economic Strategy. An ambitious aim. But thanks to our joint work, it is absolutely achievable», - the Head of Government said.

Denis Shmyhal also outlined 7 key priorities on which the Government is focusing and which will promote economic development and attract investment:

• high-quality implementation of the law on state support of investment projects with significant investment;

• further digitalisation, reduction of bureaucratic pressure, as well as support of the IT sector.

• reducing the role of the state in the economy through the privatization of state-owned enterprises, as well as the development of public-private partnerships and concessions in various fields: from ports and highways to gas extraction.

• completion of the land reform. Support for agriculture through the development of irrigation systems, as well as support for projects with significant added value.

• launch of industrial parks.

• cheap and long money for development.

• correct market design.

According to the Prime Minister, in February this year the Law «On State Support of Investment Projects with Significant Investments in Ukraine» came into force, which provides customs, tax, infrastructure and land benefits to investment projects with an investment of more than 20 million euros.

«I am pleased to announce that 2 applications from investors for state support will be submitted this week. The total investment is approximately 96 million US dollars. The projects will be implemented in the fields of agricultural processing and production of construction materials. At the same time, the potential investment under this support program is already more than 2 billion US dollars from 27 investors»,  - said Denis Shmyhal.

The Head of Government also stressed that the development of the investment climate is impossible without bringing into order the sphere of state property. According to him, over the past two years the state has attracted about 8,5 billion UAH from privatization.

Besides this, the Prime Minister noted that the Government continues to transfer communication between the state and business into electronic form, so that such relations are as comfortable, transparent and convenient as possible. Nowadays more than 30 electronic services for businesses and individual entrepreneurs are available on Diia portal, and according to his words, business registration services are one of the fastest in the world.

«The Ukrainian government has also launched a major reform to restart the capital market. The Cabinet of Ministers, the EBRD, the American Chamber of Commerce and USAID have signed a Memorandum of Understanding on the establishment of organized national capital and commodity markets over the next three years»,-  said the Prime Minister.

Denis Shmyhal also mentioned that Ukraine is actively implementing European directives and the best rules of the EU. This will contribute to greater transparency, clear and fair rules of operation and interaction between the state and business.

Reference source: Cabinet of Ministers of Ukraine