A quick recovery of Ukraine after the war is possible only by attracting private capital. For this, it is necessary to implement reforms, create favorable conditions for entrepreneurs and provide guarantees of business security. Such a vision of the post-war recovery of the country was presented by First Deputy Prime Minister of Ukraine - Minister of Economy of Ukraine Yuliia Svyrydenko during a speech at the Dialogues on the Recovery of Ukraine forum organized by the NV magazine.

“According to the World Bank, more than $400 billion will be needed to restore Ukraine. I believe that the reconstruction of the state in a global sense should take place at the expense of 80% of private capital. For this to happen, it is necessary to create prerequisites that will stimulate investors to invest in Ukraine. We have to give a clear signal to the world and to ourselves in the middle of society, what kind of country we are building. In order to attract investors, the Ukrainian economy must grow faster than that of its neighbors,” Yuliia Svyrydenko pointed out.

According to her, the Government is currently working on three main areas: provision of our defense forces, urgent recovery and provision of post-war reconstruction. All these areas are interconnected, and therefore it is extremely important to have a clear vision of how our current steps to stabilize the economy ensure its further development after victory.

Yuliia Svyrydenko believes that Ukraine should develop, first of all, those sectors of the economy that have competitive advantages. We are talking about agricultural industry, green metallurgy, mechanical engineering, woodworking, IT industry, military-tech, health care and pharmaceuticals. At the same time, the business environment needs the authorities to reform the law enforcement and judicial system and create conditions for the safety of investors’ capital.

“Big investments will be made when Ukraine has security guarantees. In order to create comfortable conditions for business, the Government is working on total deregulation. In order for investors to come to us, the process of building production in Ukraine must be faster than that of the nearest neighbor. We also have to introduce a more competitive tax system,” Yuliia Svyrydenko stressed.

According to her, in parallel with this, the Government is working on the structuring of the Private Investment Development Fund. It is planned to be presented in two weeks in London at Ukraine Recovery Conference.