Minister Petrashko: Ukraine has preconditions to jump start its economy

"The new progressive monetary policy of the National Bank in combination with government incentives will have a positive impact on economic development. We have all the prerequisites to jump start the economy," Minister of Economic Development, Trade, and Agriculture of Ukraine Ihor Petrashko said at a meeting with representatives of the European Business Association via Zoom conference, the Ministry’s press service informs.

According to him, the incentives for economic stabilization and growth include the government's program on partial unemployment, the Great Construction project, loan programs, and initiatives to support domestic production.

In addition, the minister drew attention to the strengthening of investment policy in the country.

"We are an interesting opportunity to the world and we see investment opportunities, for example, in the automotive industry, IT (creation of innovation clusters), pharmaceuticals, industrial logistics chains, etc.," the official said.

During the conference, Petrashko answered questions from industries and companies that were addressed to the Ministry of Economy through the EBA. In particular,  issues concerning international trade and negotiations on the Ukraine-Turkey Free Trade Agreement, investigations of the Interdepartmental Commission on International Trade, the activities of the State Service of Ukraine for Food Safety and Consumer Protection, and intellectual property protection.

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