Zelensky intends to improve Ukraine's investment climate

Ukrainian President Volodymyr Zelensky has assured businesses that the government intends to do its utmost to improve the investment climate in Ukraine in 2021.

He made the comment during his video address to participants of the international conference "Ukraine: Investment Harbor in the Time of Change" on December 11.

"We'll continue to create a favorable environment in Ukraine so that businesses could invest, expand their activities, and create new jobs. Our key task for 2021 is to ensure the rule of law, increase investor confidence, and protect their rights. This is also important in the context of continued cooperation with the IMF, which is crucial for ensuring Ukraine's macroeconomic stability," Zelensky said.

In 2020, the Ukrainian government implemented historic reforms, supporting the business community, that is, approved legislation on the farmland market, established transparent tax rules, provided affordable loans to support businesses, succeeded in the privatization campaign, and signed the first concession agreements, the president said.

Read alsoUkrainian Startup Fund allocates almost US$3 mln for domestic projects – ministry"We've launched the Diia App platform for businesses and citizens, which has put Ukraine on a par with the world's leading countries in providing digital services and e-passports," he added.

Background

Capital investment in the Ukrainian economy in January-June 2020 (H1) shrank by 34.9% year-over-year, to UAH 163.78 billion (US$5.8 billion).