Page 8 - UKRRptNov23

● Business environment
Priority Sectors: The note focuses exclusively on high-potential sectors for economic growth, investment attraction, and job creation. Each sector was chosen based on its existing contributions to the economy, global growth prospects, and utility to the EU market, among other criteria. Priority sectors of economic growth and main areas of development:
● Energy:
○ development legal, organizational and technical conditions for
the sustainable development of renewable energy (Net Billing
model, guarantees of origin etc)
○ strengthening the flexibility of the energy system by increasing
peak and semi-peak generating capacities, construction
storages
○ development of National energy and climate plan and
Ukraine's hydrogen strategy
○ liberalizing energy markets, integrating markets and increased
transmission capacity with ENTSO-e
○ ensuring efficient energy consumption
● Agri-food
○ strengthening agricultural institutions and regulatory
framework in line with EU policies
○ support strengthening agricultural value chains
○ demining agricultural land
○ stimulating and supporting innovation, inc. through agritech
and foodtech technologies
○ developing grain storage facilities, irrigation and food
processing infrastructure
● Transport and logistics
○ restore and develop export logistics potential of Ukraine, with a focus on TEN-T
○ elimination of the consequences of armed aggression in the logistics sector and ensuring the population’s access to the basic services
○ implementing key reforms to foster alignment with the EU acquis
● Critical Materials
○ streamlining and digitalising administrative procedures
○ approximating EU standards and using best practices in
governance and competition in the sector
○ strengthening strategic planning and ensuring optimum
framework for strategic investors
○ involvement of modern extraction technologies and integration
of Ukraine into modern processing value chains
○ developing National Geological program
● Processing industry and Green Steel:
○ strengthening regulatory framework for investments
○ introducing insurance mechanisms for military and political
8 UKRAINE Country Report November 2023 www.intellinews.com