On February 21, the “Parkovy” Exhibition and Convention Center hosts “Level Up Ukraine 2020 forum”. A key topic of the Forum is creating more principles The forum is a platform where is the interaction of business, government and society to reform the national economy and its transition to the phase of accelerated growth.
During the discussion panel of the forum “Trust is the basis of investments: business, society, and power”, the Minister of Economic Development, Trade and Agriculture of Ukraine Tymofiy Milovanov made a speech, outlined the state’s investment strategy and spoke about the government’s steps aimed at increasing the flow of investment in the Ukrainian economy.
According to Milovanov, due to the serious depreciation of fixed assets, which exceeds 60%, Ukraine needs from 50 to 100 billion dollars of investments in the coming years in order to catch up with neighboring states. Minister noted that the government considers the introduction of affordable loans, concessions, privatization, the launch of the land market, and the reform of the judicial and law enforcement system to be key instruments for attracting investment.
Milovanov attached special importance on the invest in infrastructure, since transport and logistics problems hinder the growth of Ukrainian exports. In addition to infrastructure, the government considers energy and the agricultural sector, which form a significant part of Ukraine’s gross product.
“The efforts of the Ministry of Justice to overcome the problem of Corporate raiding in Ukraine. At the same time, our department was in constant dialogue with business associations.” Milovanov noted.
Recall, the Cabinet of Ministers of Ukraine expects economic growth in 2020 at 3.7%.
Posted by UA-Times on Friday, 21 February 2020