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.
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