Ukraine remains attractive for doing business despite the war – Schulze

 4 MAY 2024

Ukraine continues to be attractive for doing business even in conditions of war.

This opinion   was expressed by the Minister of Economic Cooperation and Development of Germany (BMZ) Svenja Schulze in an interview with Ukrinform .

“Despite the current very difficult situation, Ukraine remains an interesting market for many companies,” Schulze said.

She explained that the production process can still be carried out on a significant territory of the country, and the fact that Ukraine is a candidate for EU membership is a “long-term” argument for companies.

The minister cited data from the German-Ukrainian Chamber of Foreign Trade, which indicate that before the full-scale Russian invasion, about 2,000 companies with German capital were working in Ukraine.

“Even after the Russian invasion, there were almost no companies that would completely stop their activities in Ukraine. They “keep their foot in the door” because they know it’s worth it, Shultze emphasized.

At the same time, she noted that the private sector needs a positive investment climate and legal certainty. Therefore, Germany supports Ukraine on its reform path, especially with regard to the process of joining the EU. The fight against corruption is especially important, Shultze emphasized. She mentioned the report of Transparency International, which noted progress in this matter, despite the fact that Russian aggression still continues. This is a very positive signal for the economy, the head of the BMZ emphasized.

On the basis of this ministry, the “Platform for reconstruction in Ukraine” has been operating for a year, which is aimed at civil society, the private sector, science and municipalities in Germany that would like to participate in the reconstruction of Ukraine or are already doing so. So far, more than 600 organizations have registered on the platform and are exchanging ideas.

The German federal government also recently approved a document with key points on mobilizing private sector capabilities for the recovery of Ukraine, which covers 15 measures to facilitate the economic reconstruction of Ukraine. Its goal is to mobilize the capabilities of the private sector in Ukraine. It is, in particular, about financial subsidies and reduction of interest on loans for small and medium-sized enterprises in Ukraine.

https://www.ukrinform.ua/rubric-economy/3860032-ukraina-zalisaetsa-privablivou-dla-vedenna-biznesu-popri-vijnu-sulce.html

30 comments

  1. Despite two years of full-scale war, Ukraine’s economy remains robust, and the country boasts a high advanced education rate.

      • First send Taurus, then talk about business. Watching Ukrainians being slaughtered while talking about business is fucked up! Profiteers!

        • Well, Ukraine’s economy is also important. But, of course, this doesn’t mean that I would not prefer to finally see Taurus in Ukraine.

          • Those who want to do business with Ukraine must send needed arms first or fuck off, period!

    • Oh, please, really? I honestly thought you had higher standards, Mike! I imagined your girlfriends to look more like, say, Jennifer Lopez, not like Svenja Schulze! But, ok, if you have a hard on on her, she may be interested. Try to act like a nice guy, a social demicrat, and good luck! 😈

  2. Yes, but not so profitable as those phlegm-wads still operating in Russia, including German companies like Knauf.

    PepsiCo, Auchan, Mars, Mondalez, Unilever and unfortunately many others.

    • The only company that should be allowed to operate in ruSSia is KFC, and extra crispy!

        • “Raid”? I try hard to come across as an American, but “Raid” did escape my attention as a tourist (I went to Jack-in-the-box instead). I know “Raider”, but what’s that got do do with chickens (coming home to roast)? 🤔

    • Indeed, that’s a very big black mark on the collective West for eternity.

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