The post-war recovery of Ukraine is a huge challenge. Still, it also opens up new opportunities for European companies and investors and can become a trigger for the growth of the entire European economy.
Andriy Sybiga, the Minister of Foreign Affairs of Ukraine, expressed such an opinion at the panel discussion on EU enlargement at the World Economic Forum in Davos, as reported by Ukrinform correspondent.
The Ukrainian official said, “Another aspect I would like to raise is the restoration of Ukraine. This is likely to be the project of the century. I think it will also be a trigger for the European economy. It will open up new opportunities for the European economy and European companies. Now we are talking about incurred losses amounting to ca. 600 billion (USD – ed.), just at this stage. We face huge challenges, but we have also huge opportunities. If we combine our efforts, we will make this part of the world much safer”.
Martha Kos, the European Commissioner for Enlargement, who also took part in the panel discussion, emphasized the importance of strengthening democracy and the rule of law in order to attract investors to invest both in the recovery of Ukraine and the economic development of the whole of Europe.
She noted, “Solidarity and the rule of law are very crucial in this geopolitical situation. We always start conversations with the rule of law. Its observance will attract investors and will mean that they will not go all over the world, which also carries certain risks today, but will be closer to Europe. Therefore, development of the rule of law will also be important for the economies of our countries”.
As reported, the World Economic Forum is taking place in Davos with the leading world politicians and representatives of the business community involved. The delegates are discussing the most vital issues of global development and ways to solve them.
Source: https://www.ukrinform.ua/rubric-vidbudova/3951450-vidnovlenna-ukraini-moze-stati-velikim-stimulom-dla-evropejskoi-ekonomiki-sibiga.html