Investment Attractiveness in Wartime
Despite the ongoing full-scale war, Ukraine continues to rank among the countries that offer some of the most favorable conditions for attracting foreign capital.
This was emphasized by Danylo Hetmantsev, Chairman of the Verkhovna Rada Committee on Finance, Tax and Customs Policy, during his speech at the Kyiv International Economic Forum.
“I urge business to invest in Ukraine. We have competitive advantages — from affordable labor costs to great opportunities in the defense, IT, processing industry, and agricultural sectors. At the same time, the state realizes: without systemic reforms and risk reduction, development is impossible,” Hetmantsev stated.
Main Barriers: War, Shadow Economy, and Bureaucracy
Hetmantsev admitted that the main obstacle for investors remains the war — “the largest military conflict in Europe since World War II.”
However, the government is actively working to provide businesses with predictable rules and long-term stability.
Key problem areas that require reform include:
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De-shadowing of the economy.
“Foreign investors will not invest in a country where businesses must evade taxes to stay competitive. Today, Ukrainian entrepreneurs themselves are calling for massive de-shadowing — and that is a positive sign,” the MP noted. -
Deregulation.
The new Cabinet has already prepared a roadmap to abolish more than 1,000 permits and licenses that currently restrict business activity. -
European integration.
Over the past three years, Ukraine has made record progress on EU-related legislation. “Today, there are no political disputes in parliament regarding this course,” Hetmantsev added.
Focus on Financing and War-Risk Insurance
To attract large-scale foreign investment, Ukraine must ensure access to cheap loans and a reliable system of war-risk insurance.
“These are two strategic tasks that we must implement. Without them, large-scale investments will remain limited,” Hetmantsev emphasized.
He also noted that while foreign direct investment volumes have slightly declined compared to last year, this can be reversed through a transparent tax policy, fair competition, and investor protection mechanisms.
Investment Outlook
Ukraine’s economic strategy aims to balance wartime resilience with pro-business reforms. By simplifying regulations, strengthening European alignment, and guaranteeing insurance for investors, the country is laying the foundation for post-war recovery.
As Hetmantsev concluded, Ukraine’s message to global partners is clear:
“Invest in Ukraine — not because it is easy, but because it is the future.”
