The German government was one of the first to implement a war risk insurance mechanism for German investors and trading companies in Ukraine.
Mykola Siutkin
You do business, we mitigate risks | Business Investment Risk Advisor | Co-founder of S&P Agency | Attorney | Co-publisher LDaily | Ironman
German business is ready to expand production and presence in the Ukrainian market - Prime Minister Denys Shmyhal discussed with Vice Chancellor, Minister of Economy and Climate Protection of Germany Robert Gabek and representatives of German companies the necessary mechanisms for expanding production and presence in the Ukrainian market.
"First of all, we are talking about insurance of military risks for business, which will help boost economic activity in Ukraine. We already have a pilot project with MIGA and the first projects with the American company DFC. We are working on finding a similar tool with Germany," he wrote. Shmyhal in the Telegram channel.
The prime minister stressed that Ukraine has potential in the areas of critical raw materials, processing and military-tech, which can bring many benefits and business prospects.
"We also count on the support and participation of Germany and German companies in the post-war restoration of our state," Shmygal summed up.
Also, the Ministry of Economy of Ukraine, about the fact that the German business is expanding its presence, demonstrating investment interest, in Ukraine.
The upcoming weekend of Ukraine will be held from the best German business. About the first hour of the conference "Prospects for Ukraine as a place for investment and business" spoke for the intercessor of the Minister of Economy Oleksandr Hryban. Zahid v_dbuvavsya p?d hour visit to Ukraine Vice-Chancellor - Federal Minister of Economy and climate protection of N?mechchini Robert Habek.
“At the same time, we are conducting a number of events in business and presenting Ukraine and its economic potential to our partners, which we want to get from the Ukrainian state.
In other words, the German government was one of the first to carry out a mechanism for insuring military risks for German investors and trading companies. The whole mechanism, which already corsists with a lot of companies. sold through the German pipeline PricewaterhouseCoopers.
Also, at the next hour, the parties discussed the current nutrition of the German-Ukrainian economic cooperation.
“After the war, the German business does not take pride in Ukraine. Companies pay donations, support Ukrainian spies and demonstrate high standards of transparency. And entrepreneurs, such as Bayer, for example, are already implementing projects from the expansion of production, demonstrating their own investment in Ukraine. It can become a butt for other investors,” Oleksandr Hryban added.
Also, the parties discussed a new procedure for armoring in the form of mobilization. N?metski p?dpri?mts? vvazhayut yogo prozorim, zrozum?lim and perebachuvanim, prote sce not until the end of the implementation of the mechanism from the side of the Ministry of Defense at the hour of processing applications. In the Uryad?, they poised an additional aspect.
The German business was asked to invest more in Ukraine without worrying about the end of the war. Even at once, you can book the most promising investment projects for yourself.
“Irrespective of those who have not yet ended the war, investors have a great interest in Ukraine. on the Advantage Ukraine platform, which operates in partnership with the Ministry of Economy and for the support of the USAID Competitive and Industrial Economy program.
German companies continue to make inroads in Ukraine as the country's economy improves and its business environment becomes more attractive to foreign investors. Here are some of the top German companies with a presence in Ukraine:
Siemens Energy - a leading provider of energy solutions and services
Henkel - a multinational company that produces consumer and industrial products
Bosch - a global provider of technology and services
K?rcher - a manufacturer of cleaning equipment and solutions
Metro AG - a multinational retail company
Kaufland - a hypermarket chain
Bayer - a multinational pharmaceutical and life sciences company
Allianz - a leading insurance and financial services provider
Deutsche Bank - a global banking and financial services company
BASF - a multinational chemical company
HeidelbergCement - a multinational building materials company
Adidas - a multinational sportswear company
Commerzbank - a global banking and financial services company
Metrohm - a provider of laboratory equipment and solutions
Knauf - a multinational building materials company
These companies operate in a variety of sectors, including manufacturing, logistics, retail, finance, and more. They have invested heavily in Ukraine, creating jobs and contributing to the country's economic growth. As Ukraine continues to implement reforms aimed at improving its business environment, it is likely that more German companies will follow suit and expand their operations in the country.