Ministry of Economy of Ukraine
In the upcoming years, the extensive recovery efforts in Ukraine present a significant opportunity for successful private investments: Volodymyr Kuzio
23.10.2023 | 17:49 | Section for Public and Mass Media Relations
Ukraine is extending an invitation to Romanian businesses to engage in the nation's post-war reconstruction efforts. Now is the best time for private capital to start preparing for large-scale investments. This was stated by Deputy Minister of Economy of Ukraine Volodymyr Kuzio in his speech at the Romanian-Ukrainian Business Forum "Rebuilding Ukraine Forum 2023".
"At the start of 2023, the World Bank projected that Ukraine's reconstruction and rehabilitation would require approximately USD 411 billion in the next decade. It is expected that it will be Ukrainian and international private companies that will drive infrastructure development and economic revival in Ukraine. This vast-scale reconstruction offers the most significant investment opportunity in the past eight decades for private capital. We extend an invitation to Romanian businesses to participate in Ukraine's rebuilding. Private investors have a unique chance to set the stage for launching their ventures before the country wins the ongoing war," said Volodymyr Kuzio.
He emphasized that the primary objective at this juncture is to efficiently shift Ukraine's economic model away from dependence on raw materials and toward the production of high-value-added goods.
"To attract foreign investment, we are proactively engaged in initiatives such as insuring against military risks, establishing conditions that foster fair competition, implementing investment protection measures, and enhancing the development of trustworthy state institutions. Furthermore, Ukraine has the potential to unlock substantial economic opportunities, especially as it looks forward to the future integration into the European Union," further elaborated Volodymyr Kuzio.
"We are presently collaborating with the European Union on a substantial €50 billion recovery plan for Ukraine. This plan might encompass provisions aimed at assisting private businesses and offering investor guarantees. The EU's tools are poised to provide the essential investments to expedite Ukraine's shift towards a sustainable, digital, and inclusive economy," remarked Volodymyr Kuzio.
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