Ukraine will not cope on its own
Market access, the availability of qualified personnel, and international recovery programs are signs of a favorable investment climate in Ukraine. At the same time, foreign companies and potential investors cite war, employee safety risks, and corruption as obstacles.
Despite the state of war, Ukraine has great potential for foreign investment right now, backed by security guarantees from the West. Ukraine is rich in natural resources, and Ukrainians are determined to rebuild their economy. This is what US Special Representative for Ukraine Economic Recovery Penny Pritzker said these days in Berlin at the two-day Recovery Conference.
Ukraine’s Western allies should help it win the war and support its economic recovery and growth with strong investment, according to former US Secretary of State Mike Pompeo. “The US and Germany are currently the world’s leading military partners in Ukraine,” he said. “Together with EU institutions, we have made a strong commitment to support Ukraine’s heroic defense against Russian aggression. We can do more by encouraging foreign direct investment in Ukraine to meet its most pressing needs.”
In turn, the president of the National Expert Construction Alliance of Ukraine, Viktor Leshchynsky, is convinced that Ukraine simply will not be able to solve many key problems on its own, starting from the cleaning of our territories (humanitarian demining) and ending with the real implementation of advanced world technologies in the main areas of reconstruction and further development of Ukraine. According to Viktor Leshchynsky, it cannot be otherwise in principle.
