Ukraine Gate- Kyiv – April 13, 2022- For a rapid post-war recovery, Ukraine needs to reach an investment rate of about 35% of GDP, or $ 70 billion a year, for at least ten years.
This was announced by Deputy Minister of Economy of Ukraine Denis Kudin on a telethon.
“For a quick post-war recovery, we need to reach an investment rate of about 35% of GDP. Our last GDP was $ 200 billion. 35% is about $ 70 billion a year, ”Kudin said.
According to him, such long-term investment expectations are caused by the amount of destruction and damage to our economy.
“Everything cannot be restored in one year. The efforts (of investors) should be focused for at least ten years, “said the Deputy Minister.
He stressed that due to the increased interest in Ukraine from both foreign countries and foreign companies, our country has a chance to invite leading investors.
“For the economy to grow, we need more production, more enterprises in the service sector. This requires investment. We work with many leading countries in the world, whose shares are listed on stock exchanges. Our key task is for them to come to Ukraine, open a business here and start working here, “Kudin said.
He also said that the government has now begun centralized planning for the development of economic sectors and is identifying businesses that need to be set up. As part of this planning, ready-made design solutions are developed for potential foreign investors.
According to the European Bank for Reconstruction and Development, Russia’s war against Ukraine will plunge both countries into the biggest economic contraction in 25 years, but Ukraine could recover sharply in 2023 if a ceasefire is reached soon.
