Ukraine returns to growth after the severe economic crisis of 2014/15. To sustainably increase economic growth, reforms and investments are urgently needed. This is the conclusion of a study by the German Advisory Group Ukraine in cooperation with the German-Ukrainian Chamber of Commerce and Industry (“AHK Ukraine”) released in September 2018.
The study “Unlocking investment through reforms: Proposals from German Business in Ukraine” contains 28 reform proposals, which were developed in close cooperation with six different committees of the Chamber. The AHK Ukraine organizes a total of 130 German companies which have been active in Ukraine for many years, e.g. BASF and Siemens. The publication thus offers a unique “bottom-up” perspective from various sectors of the economy.
The advisory team presented the study to the Ukrainian Prime Minister Volodymyr Groysman on the occasion of a business breakfast with the AHK on Tuesday, November 20, 2018, in Kyiv.
The current investment ratio of 20.7% of GDP (2017) is significantly higher than in the crisis year 2014 (13.4%), but still far from past values. Therefore, the study now proposes a series of reforms with a direct impact on the business climate and investment.