The European and Italian economies need exactly what Ukraine can provide for their strengthening, believes Ukrainian Prime Minister Denys Shmyhal.
"Investing in the Ukrainian defense industry is an investment in the security of the EU. Investments in the extraction and processing of critical raw materials will help overcome the material shortages in Europe. Investments in the agricultural sector will contribute to the global food security project and reduce migration pressure on the European Union. Investments in energy will lead to the establishment of a major energy hub, eliminating dependence on Russian hydrocarbons," he stated during the Ukrainian-Italian business forum in Rome.
Shmyhal noted that another reason to invest in Ukraine is the "government support for investments, a highly simplified regulatory environment, the digitalization of processes for interaction between the state and businesses, and a hundred investment sites, known as industrial parks, along with priority support for significant investments starting from EUR 12 million."
He emphasized that Ukraine pays special attention to the insurance and reinsurance of military risks.
"At the state level, we are creating a unified insurance framework that will protect investors," he said.
Additionally, Shmyhal cited "recovery prospects" as another reason to invest in Ukraine.
"Due to Russian terrorism, we have suffered unprecedented losses. By the beginning of 2024, we needed $486 billion for recovery. Today, that figure is much higher. There is a wide horizon of opportunities that will be fully realized by those who enter the Ukrainian market immediately," he said.
"We are confident that Italy will play a leading role in the recovery of Ukraine, strengthening our economy, and putting it back on a development trajectory. Every euro invested in Ukraine is not just a good business opportunity; it is a contribution to global security, democracy, shared values, and our common, better European future," Shmyhal emphasized.