President of Ukraine

Investment climate is a priority for us - Volodymyr Zelenskyy in a meeting with representatives of large and medium business in Germany

18 June 2019 - 21:51

Investment climate is a priority for us - Volodymyr Zelenskyy in a meeting with representatives of large and medium business in Germany

In Berlin, President of Ukraine Volodymyr Zelenskyy met with representatives of Germany's large and medium business.

The event was attended by representatives of companies with an aggregate portfolio of 220 billion euros.

"This is more than two GDP of Ukraine, and this is about 450 thousand jobs," President of the German-Ukrainian Chamber of Industry and Commerce Andreas Lier said.

The business representatives are hopeful for the development of cooperation, but this requires an improvement in the investment climate and the adaptation of European standards in Ukraine.

"The investment climate is a priority for us. I understand what the foreign business is afraid of: our law enforcement agencies that attack businessmen, our courts that do not protect it,” the President said.

The Head of State stressed the importance of eliminating the pressure of law enforcement authorities on entrepreneurs, as it would be impossible to develop the economy of Ukraine otherwise.

"As President, I guarantee you the independence of investment, ensure that nobody will put pressure on you. We strive to be a European country," Volodymyr Zelenskyy added.

According to him, the plans include ensuring the independence of the courts and law enforcement agencies, creating an "electronic customs" and combating smuggling.

"We have got a very large package of innovations. This is our “A State in a Smartphone” project, which will reduce bureaucratic pressure on people. It is the Presidential Administration that restores the Investment Council. We would like to conduct its session twice a year. And we invite you, because the more foreign business is present in this council, the more transparent it is," the President noted.

The Head of State also confirmed Ukraine's cooperation with the IMF, the World Bank and the EBRD.

"We are launching an agreement with the IMF, we will prepare a new program in July, there will be no default. As President, I will not influence the court or the banking system," Volodymyr Zelenskyy noted.

The parties discussed in detail the cooperation in such fields as agriculture, food, construction, automobile industry, etc. The President stressed the need to localize the business to create jobs and promised to help with the solution to the overdue bureaucratic problems.

They also discussed Ukraine's export opportunities and changes to legislation that contradict the Association Agreement with the EU.


Official visit to Germany

18 June 2019 - 15:30