20th Ukrainian Breakfast Debate: Economic Consequences for Foreign Investment and Local Businesses

As part of IEPBreakfast Debate Series, the Institut für Europäische Politik Berlin (IEP) and the European Investment Bank (EIB) in Kyiv organised an online event on the consequences of COVID-19 for the Ukrainian economy. In total, 26 participants attended the online session. After the introductory remarks by Dr. Katrin Böttger, Director at IEP Berlin, Ljudmyla Melnyk, IEP Research Associate, handed over to the speakers.

As noted by Oksana Kuziakiv, Head of the Center for Contemporary Society Studies, Institute for Economic Research and Policy Consulting in Kyiv, the Ukrainian business outlook for the medium term is cautiously optimistic, while the negative short-term impact is significant. This view was shared by Jean-Erik de Zagon, Head of the EIB representation office in Kyiv, who focussed on the importance of reform orientation of the Ukrainian government. Robert Kirchner, Deputy Team Leader of the German Economic Team, emphasized the role of macro-financial support by international financial institutions, FDI, the benefits of DCFTA and the development of German-Ukrainian economic cooperation.

All participants agreed that Ukraine can count on continuous support from its European partners and further international financial support on its reform path.

Source: IEP Berlin