Ukraine implementing important reforms that help attract investment – Shmyhal
Ukraine’s government is implementing a number of important reforms designed to ensure the development of the state, as well as to help increase investment, Prime Minister Denys Shmyhal has said.
He said this at a press conference on Tuesday, September 14, according to an Ukrinform correspondent.
The prime minister spoke, in particular, about land, judicial, energy market reform, deregulation, large-scale privatization and the like.
"From the point of view of state development, these are very important things. Gas and energy market reforms. They are not easy for us today. Previous governments did not carry out them because that would mean a loss of political capital. We are taking these steps," Shmyhal said.
He stressed that comprehensive changes are needed to increase investments in Ukraine. "Investors expect judicial and anti-corruption reforms, paperless economy, simplified bureaucratic procedures and network connection," the prime minister stressed, adding that the government is systematically implementing these reforms.
In addition, there are joint developments with international organizations, investment funds that are willing to invest in Ukraine.
According to Shmyhal, within the framework of the so-called "investment nannies" readiness to invest in Ukraine was demonstrated by 23 investors with a potential investment of USD 2 billion. And this is just the beginning, because UkraineInvest, engaged in these projects, has been working in this direction for only six months.
"I am convinced that this figure will grow. First, the Diia City project will be launched. This tool will also help increase investment. Secondly, the implementation of the commitments that Ukraine has made in terms of green deals, transformation of coal regions, and other international projects already requires the attraction of significant funds. For example, the green transition involves attracting an average of EUR 10 billion annually," the PM stressed.
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