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5.3 FDI
The government hopes to increase foreign investment from $420mn last year, to $3bn this year, to $15bn by 2025, according to the National Economic Strategy 2030 posted last week on the government’s website. Other goals for 2030 are: double the economy; triple exports to $150bn; nearly triple labour productivity; cut in half the state share in the banking system; cut the debt-to-GDP ratio to 30-40%; and increase the share of small and medium-sized businesses of exports to 40%.
International investors with 23 projects totaling $1.35bn have applied for ‘investment nannies’ with UkraineInvest, announced Serhiy Tsivach, the Executive Director of the investment promotion office (Interfax-Ukraine). The office has 14 employees working on the project, which is designed to cut red tape. This month, UkraineInvest plans to submit the first candidate projects to the Economy Ministry for approval.
35 UKRAINE Country Report July 2021 www.intellinews.com