<\/p>\n
This February, the Verkhovna Rada registered draft law No. 9015 on mechanisms to stimulate exports and insure investments in Ukraine against military risks.<\/p>\n
The European Business Association has repeatedly emphasised the importance of attracting investment from both foreign and Ukrainian companies for the reconstruction and recovery of Ukraine. Moreover, the community is taking concrete steps to attract investment. Last year, the EBA launched its extraterritorial unit – Global Business for Ukraine – to bring together global companies, and encourage them to work with Ukrainian businesses and invest in Ukraine right now.<\/p>\n
At the same time, insurance is still a prerequisite for attracting such investments, especially during martial law and active hostilities. Thus, the first international programmes have already been launched that can be used by foreign investors if they decide to invest in Ukraine, namely, in Germany, Poland, etc.<\/p>\n
Also, potential domestic investors, unfortunately, cannot take advantage of such programmes. Therefore, it is critically important for Ukraine to create an effective instrument that would allow insuring investments of domestic companies. Draft Law No. 9015 was developed to launch such a mechanism. It will help, firstly, to put Ukrainian investors on an equal footing with foreign investors, who currently can insure their investments with export credit agencies of their countries or similar international organisations, particularly against military risks. Secondly, it will simplify and speed up the project selection process, as MIGA and DFC, which have announced similar intentions, do not have representative offices in Ukraine. In Ukraine, the Export Credit Agency can perform this work by acting as an agent for them or by insuring and reinsuring the risks of such investment projects. Thirdly, it will provide access to insurance for medium-sized companies that are unlikely to be of interest to international insurers, but which fully meet the profile of the Export Credit Agency of Ukraine.<\/p>\n
Therefore, the European Business Association supports this draft law and calls on the MPs of the Verkhovna Rada of Ukraine to consider this draft law as soon as possible.<\/p>\n
<\/p>","protected":false},"excerpt":{"rendered":"
This February, the Verkhovna Rada registered draft law No. 9015 on mechanisms to stimulate exports and insure investments in Ukraine against military risks. The European Business Association has repeatedly emphasised the importance of attracting investment from both foreign and Ukrainian companies for the reconstruction and recovery of Ukraine. Moreover, the community is taking concrete steps […]<\/p>\n","protected":false},"author":23406,"featured_media":467547,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false},"categories":[4,5,13],"tags":[],"yoast_head":"\n