Arakhamiia: When the war is over, it will be too late for investment

head of the «Servant of the People» parliamentary faction and head of the UkraineInvest supervisory board, Davyd Arakhamiia. photo: NikVesti

The head of the Servant of the People parliamentary faction and the head of the UkraineInvest supervisory board, Davyd Arakhamiia, believes that now is the best time for investments in Ukraine. According to him, it will be too late to invest after the end of the war.

He voiced this opinion during a speech at a conference on investments in Ukraine in Tallinn, NikVesti writes.

«When the war ends, it will be too late for investments. If anyone has built anything in their life, they know that it takes years to go from an idea to a project. First you plan, then you need to get permits, and then start construction,» said Davyd Arakhamiia.

The politician also noted that Ukraine has a great advantage for investors, compared to other countries, from the point of view of bureaucracy.

«For example, we wanted to expand military production in Slovakia. Our president called the president of Slovakia, the prime minister called the prime minister of Slovakia. We were told that we have to do an environmental study according to EU rules. We then asked how long it would take. We were told that the process will last a year and a half. Instead, we have already built such a plant in Ukraine in one year. Now, in connection with the war, you have an opportunity to get all the necessary documents very, very quickly,» noted Davyd Arakhamiia.

The politician also noted that most investors are afraid to invest in business in Ukraine because of the risk of strikes from Russia. Davyd Arakhamiia said that Ukraine has a number of programs that protect investors from such cases.

«What if I build during the war, and a missile flies in and destroys what I built? It was really a very big problem for us, we solved it with the help of international aid. We have insurance against war risks, if you build a factory and it is destroyed, you will get all the money back,» said Davyd Arakhamiia.

Programs that protect investors from the consequences of hostilities on the territory of Ukraine. Screenshot from Davyd Arakhamiia's presentation at the conference in Tallinn

The politician also talked about the opportunities for investors provided by the government of Ukraine. According to him, investors whose investments amount to more than 12 million hryvnias and provide 20 jobs can return 30% of their capital investments.

«So, if your investment is more than 12 million euros and you create 10 jobs, we will return you 30 percent of your capital investment. So, you have a direct contract with the Cabinet of Ministers, a special service that we call an investment nanny, where they can help you with all the difficulties you face,» said Davyd Arakhamiia.

We will remind you that Mykolaiv has updated the list of investment projects that are planned to be implemented by 2026. It included new projects for the construction of a drainage system, coastal fortification, and reconstruction of the destroyed gymnasium.

Note that Ukraine needs $500 billion for recovery: Arakhamiia considers this a good opportunity for investors.