Sustainable and rapid recovery of Ukraine is based on the European integration course and access to the EU market, national security, macro-financial stability, favourable business environment and other priorities. Ukraine is open to investment and attracting international businesses in various sectors of its economy, while the Government is implementing the necessary instruments to ensure a favourable business climate and legislative framework.

This was stated by Deputy Minister of Economy of Ukraine Oleksandr Hryban at the Investment Committee of the Organization for Economic Co-operation and Development (OECD) regarding the road map of reconstruction and economic recovery of Ukraine.

“For many years, the economy of Ukraine functioned in the conditions of the russian hybrid war against our country, but a full-scale war is a new extraordinary challenge. The OECD provides financial, technical and advisory assistance to Ukraine, and today’s meeting of the Investment Committee is one of the key elements of intensifying our cooperation. In particular, the Government of Ukraine aims to build the country under the best conditions, based on the environmental, social and corporate governance principles (ESG principles) and according to the rules of the EU and the European business community,” said Oleksandr Hryban.

As the Deputy Minister noted, Ukraine managed to stabilize the macroeconomic situation and stop negative trends during the full-scale invasion. Thus, the drop in GDP since the beginning of the year amounted to 29.1%, while according to experts, the drop in GDP should have been 40-50%. Ukrainian business has demonstrated high adaptability; to date 800 enterprises have been relocated with the support of the state, 80% of which are already working in a new location. Moreover, the “energy war” won by Ukraine stimulated businesses to intensify their activities. 

“Ukraine successfully responds to the challenges caused by the war, demonstrates high resilience of its economy and society to the conditions of the war. The government cooperates with international organizations and financial institutions to stimulate investments in the private sector of the economy. We call on foreign investors who are currently considering Ukraine as a platform for business development to cooperate with Ukrainian partners, in particular, many offers in priority areas are presented on the AdvantageUkraine platform. We urge investors who have already decided to enter Ukraine to cooperate with the Ukraine Invest government office,” added Deputy Minister Oleksandr Hryban.

Thus, the OECD Investment Committee proposed to develop a road map that would present specific measures to promote the reconstruction and sustainable recovery of Ukraine and would meet Ukraine’s needs and priorities. The participants discussed the ways in which the Committee can support Ukraine in key areas: mobilization of investments for reconstruction, compliance of investments with the sustainable development goals, overcoming the problems of the investment climate and harmonizing the investment policy of Ukraine with the instruments of the Committee.