Ukraine creates all necessary mechanisms to attract investment – Petrashko

Ukraine creates all necessary mechanisms to attract investment – Petrashko

Ukraine has created all the necessary mechanisms to attract investment. The task is to implement them, Minister of Economic Development, Trade and Agriculture of Ukraine Ihor Petrashko has said.

He said this at a public discussion of the draft National Economic Strategy of Ukraine until 2030 on Friday, January 22, an Ukrinform correspondent reports.

"All the mechanisms for attracting investment are available. Now it is a question of their implementation," Petrashko said.

The minister is sure that the Investment Promotion Office (UkraineInvest), which accompanies an investor, plays an important role in this. Petrashko also named the priorities for Ukraine's development until 2030, namely to win competition for capital in the global market, achieve the rule of law, fair courts, protection of investor rights, increase the credit rating, develop the stock market, and introduce proper public finance management. He noted that the level of investment in Ukraine should not be lower than in neighboring Poland.

"Currently, Ukraine has a B credit rating, which is much lower than that of competing countries for capital. We must raise Ukraine's position in the S&P and Fitch international ratings to BB by the end of 2022 and to BB+ by the end of 2024," Petrashko added.


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