10:27 04.03.2024

Ukraine working to launch Investment Promotion Agency – First Deputy PM

2 min read
Ukraine working to launch Investment Promotion Agency – First Deputy PM

Ukraine intends to create an Investment Promotion Agency as a single entry point for investors in the Ukrainian private sector, First Deputy Prime Minister Yulia Svyrydenko reported on Facebook.

"So that all investors who want to invest in the private sector in Ukraine have a single entry point, we are working on the launch of a single institution – the Investment Promotion Agency," she wrote following her visit to London, where she discussed its creation, including with the London Stock Exchange (LSE).

According to her, during the meeting, LSE specialists said they were ready to provide their expertise and help build this institute.

Svyrydenko said that she also met with British International Investment, which last summer, at the Ukraine Recovery Conference in London, announced its readiness to provide GBP 250 million to finance the private sector in Ukraine, mainly for post-war reconstruction.

"These funds will be available from April through the Co-investment platform. What can we do together with the private sector now to receive this financing? Prepare high-quality projects. For this, we also attract partners to do jointly feasibility study," the First Deputy Prime Minister said.

She added that attracting investment and financing to Ukraine was also the main topic of negotiations with the European Bank for Reconstruction and Development, the London Stock Exchange, and TheCityUK, UK Export Finance (UKEF).

"We are working with UKEF to attract investment in the defense sector. We have also opened a limit for Ukraine of GBP 3.5 billion. Several companies have already received insurance, one of them yesterday [March 1] during our visit to London. We plan to expand cooperation, in particular, we discussed the possibility of insuring equipment suppliers in the field of military demining," Svyrydenko wrote.

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