Ukraine is forming a coalition of businesses to invest in recovery, which will complement intergovernmental partnerships, provide the necessary resources, and bring long-term benefits to entrepreneurs. This was stated by Prime Minister Denys Shmyhal during a meeting with representatives of the global business community with the participation of the UK Secretary of State for Business and Trade, Kemi Badenoch, on the sidelines of the Recovery Conference in London. 

The Prime Minister outlined clear investment priorities for Ukraine:

• Energy. These are investments in the restoration and decentralization of the energy system, and an increase in the share of renewable energy sources.
• We also have the largest gas storage facilities on the continent, a kind of “gas safe” in Europe.
• The defense industry.
• We are interested in sharing the world’s best technologies. We expect investments in design development and new production facilities.
• We plan to develop Military Tech.
• The agricultural sector. Before the war, it was one of the most dynamic sectors in the Ukrainian economy. The emphasis will shift from exporting raw materials to exporting processed products, which will make the Ukrainian agro-industrial complex even more profitable. Natural resources. Ukraine has 5% of the world’s mineral resources.  
• We are interested in investment projects that will create a closed cycle, from the extraction of raw materials to the production of the final product.
• Digital technologies. In 2022, the Ukrainian IT sector brought more than USD 7 billion in export earnings to the economy. We maintain leadership in the development of digital infrastructure for public services.  
• We have unique experience in building cyber defense systems. 

According to him, Ukraine can offer undeniable advantages for every investor in all areas: convenient logistics, highly skilled workers, extensive infrastructure, and the proximity of production to the market.

The Prime Minister also emphasized that an architecture for insuring military and political risks was being created. During the Conference, Ukraine, the EU, Switzerland, Norway, the EIB and the EBRD signed a statement of intent to restart the private insurance market. 

“Rebuilding Ukraine is about more than business and economy. The quality of life and safety of people in all parts of Europe and around the world will depend on how we restore our fields and our factories, our cities and our villages, our power plants and our water reservoirs. So I call on the global business to be part of the unprecedented project of reviving our country,” said Denys Shmyhal.

Source: https://www.kmu.gov.ua