Shmyhal named most promising areas for investment in Ukraine

The Prime Minister of Ukraine Denys Shmyhal believes that the most promising areas for investment in Ukraine are agribusiness, energy, infrastructure, and IT.

"The most promising areas for investment in Ukraine are agribusiness, energy, infrastructure, and those areas where Ukraine has a competitive advantage, like IT," Shmyhal said at the 17th Vienna Economic Forum-Vienna Future Dialogue 2020.

The Prime Minister stressed that the strategic partnership with the European Union remains the basis of Ukraine's security and development.

"It's especially true in a pandemic when Ukraine needs strong extra incentives for economic recovery. Such incentives should be the gradual expansion of access to the EU internal market in areas where Ukraine has already made significant progress and the removal of other restrictions on our trade," the head of the government noted.

As reported, during his speech Shmyhal noted the investment potential of Ukraine and stressed that the country is one of the best in the world for outsourcing IT services. According to him, the IT industry is growing annually by 20-25%.

"Our country is one of the world's leading producers and exporters of agricultural products with great and inexhaustible potential. I believe that the countries of Central and Eastern Europe can be a source of investment, know-how, and best practices in Ukraine," the Prime Minister said.

According to Shmyhal, creating favorable conditions for developing and conducting business in Ukraine is a constant priority of the government.

"Transparent rules of the market, fair and predictable behavior of regulators, removal of regulatory barriers are extremely important for the full development of entrepreneurship in Ukraine and attracting investment," the Prime Minister said.