Yesterday at 22:41
First Deputy Prime Minister – Minister of Economy of Ukraine Yuliia Svyrydenko and Chairman of the State Property Fund Rustem Umerov met with the Vice-Minister, State Secretary at the Ministry of State Assets Maciej Małecki during a working visit to Warsaw. During the conversation, the parties discussed the development of strategic partnership between the countries and the prospect of participation of Polish investors in the reconstruction of Ukraine.
Yuliia Svyrydenko assured that, despite the war, right now is a good time for the preparation and implementation of investment projects on the territory of Ukraine.
“For its part, the Government is committed to offering various investment projects and opportunities to Polish partners for consideration,” the Minister of Economy said during the meeting and assured that investments in Ukraine will be insured.
“We have embarked on the implementation of a joint project with the Multilateral Investment Guarantee Agency (MIGA), which belongs to the World Bank Group, on launching investment insurance in Ukraine. An amount of USD 30 million has been allocated for this year. It is planned to grow to USD 1 billion next year. That is why we call on Polish partners to boldly participate in investing in Ukraine,” Yuliia Svyrydenko stressed.
Moreover, the First Deputy Prime Minister of Ukraine, together with the Chairman of the State Property Fund, called on Polish businesses to participate in the privatization of Ukrainian enterprises. According to her, it is significant for Ukraine that the Polish Government is ready to stimulate businesses to invest in Ukraine and exerts every effort for this purpose.
The Polish Government, for its part, prepared a study – “Major construction in modern Europe. Challenges of post-war reconstruction of the economy of Ukraine.” It contains a list of companies that express readiness to participate in the reconstruction of our country, as well as the problems that Polish businesses in Ukraine may face. The document handed over to the Ukrainian side is taken for work. The First Deputy Prime Minister of Ukraine assured that they would analyze the research with a group of experts and determine what measures can be taken to solve the mentioned problems.
The Minister of Economy of Ukraine also thanked the Polish side for the help in overcoming the fuel crisis. It was Poland that helped overcome the deficit — it provided Ukraine with 25,000 tons of fuel from its own strategic reserves. Now this country is the main route for fuel supplies. In September, Ukraine imported almost 780,000 tons of gasoline, diesel fuel, and liquefied gas via this route. This is the highest indicator since the beginning of the war.
“Our countries support each other both in the military sphere and in the sphere of energy security. Therefore, at the request of the Polish side, despite the decision to ban the export of Ukrainian coal, the Government of Ukraine adopted a corresponding resolution to open a quota for the export of coal to Poland in the amount of 100,000 tons,” said Yuliia Svyrydenko.
Background
Poland ranks first in the volume of bilateral trade in goods among Ukraine’s trading partners in Europe with 18.5% ratio.
At that, during the war, trade between Ukraine and Poland increased. Over the first half of this year, this indicator amounted to USD 6 billion 510.2 million, which is 16.8% or by USD 936.6 million more than the volume of trade in goods for the corresponding period last year.
Poland is one of the main donor countries helping Ukraine during the war against the russian federation. The total aid of Poland is about USD 3.03 billion. In terms of the share of aid to Ukraine, in proportion to national GDP, Poland is third (0.5% of GDP) after Estonia (0.8% of GDP) and Latvia (~0.8% of GDP).
Military aid to Ukraine from Poland is about USD 2 billion and is the 3rd largest support after the USA and Great Britain.
Poland provided shelter to more than 3.5 million citizens of Ukraine.
The value of humanitarian aid received from the Government of the Republic of Poland is $177 million, financial aid is over $1 billion.
