Ukrainian officials are pushing for foreign investors to support Ukraine's recovery efforts despite ongoing conflict. The country is not seeking charity but strategic partnerships that can also deter adversaries.
Ukrainian member of parliament Dmytro Natalukha, pictured in Kyiv March 12, told the third annual Rebuild Ukraine Business Conference foreign investment is crucial for the country.With international aid for Ukraine’s war effort facing an uncertain future under the incoming administration of U.S. president-elect Donald Trump, Ukrainian officials spent part of this week making what might seem like a counterintuitive pitch to Canadian businesses: Don’t wait for the fighting to end.
And he added that foreign investment also sends an important signal to Russia: “How is it still possible that those Ukrainians whom we are bombarding every day, and whose territories we are seizing, are still able to attract investments?” he said.Mr. Natalukha pointed to some recent success stories, including a new production line for oriented strand board, a type of wood product, launched by Kronospan Rivne, part of the international Austrian corporation Kronospan.
Richard Verma, the U.S. special representative for Ukraine’s economic recovery, spoke by video to delegates gathered at the conference. Mr. Verma said the U.S. has supported Ukraine in enacting business-friendly laws and regulations to create the right conditions for private-sector investment.grew 5 per cent last year, and is on track to grow more than 3 per cent this year. More than 37,000 new businesses were registered in Ukraine in 2023, he said, and half were founded by women. And Ukraine has exported more than 100 million tons of goods in 2024, a 36-per-cent increase compared to the same period last year.
Foreign Investment Ukraine Recovery Rebuild Ukraine Business Conference Strategic Partnerships Ukraine War
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Foreign Investment Into Canada Steadied Ahead of Trump ElectionForeign direct investment into Canada remained steady in the third quarter, an encouraging sign that businesses continued to park capital in the northern nation even as uncertainty mounted ahead of the US election.
Read more »
Brian Madden’s Top Picks for December 4, 2024Top picks from Brian Madden, chief investment officer, First Avenue Investment Counsel
Read more »
US Urges Ukraine to Draft More Troops and Lower Mobilization AgeThe Biden administration is encouraging Ukraine to increase its military size rapidly by drafting additional troops and revising its mobilization laws to allow conscription of individuals as young as 18. This move aims to counterbalance Russia's growing military strength and address Ukraine's urgent need for more troops.
Read more »
Germany’s Chancellor Scholz urges Putin in phone call to open talks with UkraineThe Kremlin says Putin had told Scholz any agreement to end the war in Ukraine must take Russian security interests into account and reflect ‘new territorial realities’
Read more »
Biden Administration Urges Ukraine to Draft More Troops and Lower Mobilization AgePresident Joe Biden's administration is urging Ukraine to increase the size of its military by drafting more troops and changing laws to allow conscription of those as young as 18, down from the current age of 25. The White House has provided over $56 billion in security assistance to Ukraine since Russia's invasion in February 2022.
Read more »
Germany’s coalition collapses, Scholz plans to lead with a minorityGerman opposition urges Chancellor Olaf Scholz to call a vote of confidence immediately
Read more »