New York, United States:
Ukraine President Volodymyr Zelenskyy just about rang the Opening Bell of the New York Stock Exchange (NYSE) right now, inviting companies world wide to put money into the way forward for Ukraine.
The President’s look marked the launch of Advantage Ukraine, an initiative targeted on attracting future funding into the nation by showcasing the breadth of alternative throughout sectors together with agriculture, expertise, schooling, and the inventive industries in addition to the super potential supplied by the nation’s pure sources and educated workforce.
To drive engagement with potential traders, the federal government of Ukraine right now launched www.advantageukraine.com that includes a whole lot of progress alternatives and highlighting present and future incentives to appeal to overseas direct funding. Ukraine is already a frontrunner within the science and expertise sectors and poised to develop, providing a well-educated, English-speaking workforce with in-demand STEM capabilities. Today, Ukraine has extra graduates with levels in expertise than every other European nation and has 240,000 residents employed within the IT sector which is forecast to enhance to 450,000 by 2024. Additionally, Ukraine leads amongst CEE nations in R&D actions and IT outsourcing.
President H.E. Volodymyr Zelenskyy stated: “Even as we strive to secure our freedom and deliver relief to our proud people, I am urgently planning a prosperous future for Ukraine. The Advantage Ukraine program asks foreign investors and companies who have vision and courage to join us, and we will match the world’s best companies with superior growth opportunities. Bold businesses who see the potential in our country will help to realize the economic potential of Ukraine while benefitting from untapped growth opportunities.”
The $400+bn in funding choices featured on AdvantageUkraine.com span public non-public partnerships, privatization and personal ventures. A USAID-supported challenge staff of funding bankers and researchers appointed by Ukraine’s Ministry of Economy will work with companies interested by investing.
Lynn Martin, President of NYSE Group, stated: “As the largest exchange globally, we stand for freedom, investor protection and unfettered access to capital. We are pleased to welcome President Zelenskyy virtually to the NYSE bell podium, a symbol of the freedom and opportunity our U.S. capital markets have enabled around the globe. We are honored the President has chosen the NYSE to mark the kickoff of Advantage Ukraine and engage with the world’s business community.”
To create a secure, clear atmosphere for business engagement, Ukraine is actively pursuing funding ensures from each the G7 and European Union, reforming the nation’s tax system, and establishing a authorized framework. The nation has already adopted guidelines and legislations to permit firms to construct a clear company construction, appeal to overseas funding extra simply, and use extra mechanisms to defend intangible property. Favorable circumstances will make it potential to set up Ukraine as essentially the most highly effective IT hub in Central and Eastern Europe, and to rapidly and successfully implement progressive business concepts.
Mark Read, CEO, WPP, stated: “With a thriving technology sector and renowned creative industries, Ukraine has the potential to grow into a global center of innovation. At WPP, we are excited by the growth possibilities that Ukraine presents across many of the sectors represented by our client base, and the opportunities for the private sector to play a pivotal role in re-building the country’s economy.”
Sundar Pichai, CEO of Google and Alphabet, stated: “I was humbled by the resilience and talent of the Ukrainian startup founders I met while visiting Google’s campus in Warsaw earlier this year. As we continue to help support Ukraine through our platforms and tools — and counter dangerous misinformation online — it’s important that we also support Ukrainian businesses working to sustain and grow their economy. I commend President Zelenskyy on the launch of Advantage Ukraine and the positive vision it lays out for Ukraine’s economic future.”
Brad Smith, President and Vice Chair, Microsoft Corporation, stated: “Ukraine offers tremendous talent and expertise to companies looking to invest in technology. It’s why Microsoft has invested more than $200m over the past five years and why we are excited about the digital transformation Ukraine’s technology sector will deliver.”
Dr. Lori Esposito Murray, President, The Committee for Economic Development, the general public coverage middle of the Conference Board, comprised of chief government officers and key executives of main U.S. firms, stated: “The Committee for Economic Development (CED), which is committed to the goal of sustaining capitalism, commends the efforts of President Zelenskyy, the Ukrainian government, and global business leaders to ensure foreign direct investment in Ukraine, as the country strives to unleash its economic talent and rebuild for an independent and prosperous future. CED’s mission since its founding in 1942, has been to help plot a course for prosperity based on the principles of a rules based, free market, economic order and democratic institutions – including leading the establishment of the Marshall Plan, which facilitated the redevelopment of Europe following the devastation of World War II and establishing a stable global financial system with the Bretton Woods Agreement. As Ukraine looks to establish the necessary conditions for investment, the public and private sectors have a critical opportunity to work together to create sustainable economic growth, which we actively support.”
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