President of Ukraine

President in a meeting on attracting investment: A strong economy is Ukraine's most reliable defense

19 May 2020 - 15:16

President in a meeting on attracting investment: A strong economy is Ukraine's most reliable defense

President of Ukraine Volodymyr Zelenskyy held a meeting on accelerating export growth and attracting investment to Ukraine as a guarantee of economic stability. The meeting was attended by Minister of Foreign Affairs Dmytro Kuleba, Deputy Heads of the President's Office Ihor Zhovkva and Yulia Kovaliv, Adviser to the President on the Economy Oleh Ustenko and Secretary of the National Investment Council Levan Varshalomidze.

"Promoting Ukraine's economic interests in the world, along with guaranteeing national security, should become a key priority of our foreign policy. Strengthening the role of Ukraine in the new system of international relations after the coronavirus pandemic should take place through increasing the welfare of Ukrainian citizens, the success of Ukrainian exporters in the world market and attracting foreign direct investment to Ukraine. A strong economy is Ukraine's most reliable defense not only in the context of a hybrid war, but also during the economic crisis caused by the COVID-19 pandemic," Volodymyr Zelenskyy stressed.

The President supported the reboot of the economic vector of Ukraine's foreign policy initiated by Minister of Foreign Affairs Dmytro Kuleba. The Ministry of Foreign Affairs will begin this process by restarting the renewed Council of Exporters and Investors (CEI). According to the Minister, close cooperation with Ukrainian exporters and foreign investors will help Ukrainian diplomats focus their efforts abroad on expanding the necessary opportunities and overcoming existing obstacles.

"Today is the best time to implement Ukraine's economic ambitions. To this end, the Ministry of Foreign Affairs is launching a qualitatively updated block of trade and investment diplomacy. We will focus on two priorities: supporting Ukrainian exports worldwide and attracting investment to Ukraine. The efforts of Ukrainian diplomats to overcome the economic consequences of the pandemic should become a success story of Ukraine and all Ukrainians. The contribution to strengthening Ukraine's economic security will be one of the indicators of the effectiveness of diplomats' work," Dmytro Kuleba noted.

"I want Ukrainian business to have export opportunities. I want not only big entrepreneurs to enter the international market, but also medium and small businesses, such as a farmer with high-quality products or an entrepreneur with unique production, to get such an opportunity. For them to start exporting and grow into big businesses, to have such motivation," Volodymyr Zelenskyy emphasized.

Deputy Head of the Office of the President of Ukraine Ihor Zhovkva noted that a number of large-scale investment projects with companies from partner countries will be launched in the next few months. "But for this, we must speed up the work of our state bodies in order to immediately fulfill our part of the obligations - the approval of relevant agreements, or the issuance of the necessary permits and orders. Then we have the right to count on the same quick actions of our partners," he said.

Yulia Kovaliv and Levan Varshalomidze presented ready-made foreign investment projects, which are in the final stage of approval.

"National security, financial independence, new jobs and innovation are the main areas where we need to attract investment," the Secretary of the National Investment Council said.

Yulia Kovaliv also presented a draft law on so-called investment nannies, which needed revision in view of the situation with the coronavirus pandemic in the world.