Overview of the First Investment Congress
On October 31, 2024, the First Foreign Investment Congress was held in Kyiv. This event became a new permanent international communication platform that brought together representatives of business, employers’ organizations, foreign business circles, investors, financial institutions, private funds, diplomats and government officials from around the world.
The Congress was organized to create a level playing field and transparent rules for attracting foreign capital, which is crucial for restoring Ukraine’s sustainable economic potential, ensuring financial stability and increasing the competitiveness of business in the country. The organizers of this outstanding event were two well-known companies – EUCON Legal Group and Foreign Business Hub, which have extensive experience in international business and investment.
The Congress program was rich and diverse, including five panel discussions on the most relevant and important aspects of attracting foreign capital and economic recovery in Ukraine. The participants discussed a comprehensive transformation plan between Ukraine and the West, the role of international diplomacy in attracting resources, the importance of a level playing field and the rule of law for attracting investment, access to international financial resources for small and medium-sized businesses, and the role of international business organizations in lobbying for investors in Ukraine.
Yulia Chufistova and Henry Sterenberg delivered important messages at the Congress that resonated with the main theme of the event – attracting foreign capital and restoring Ukraine’s economic potential. In her speech, Yulia Chufistova, Executive Director of the CUFM, emphasized the key role of local governments in creating a favorable investment climate in Ukraine. She noted that cities and communities are the growth points that can become a magnet for foreign investment if there is a level playing field and transparency. Yulia Chufistova called on international partners and investors to actively cooperate with Ukrainian cities, emphasizing that the Mayors’ Club is ready to be a reliable partner and guide in this process.
Henry Sterenberg, President of WTC Kyiv and Economy Of Trust Ukraine Inc. “All For Ukraine For All Of Ukraine”, in his speech focused on the importance of developing international trade and attracting investments for the economic recovery of Ukraine. He emphasized that Ukraine has a huge potential for export development and attracting foreign capital. Mr. Sterenberg called on international partners to actively participate in Ukraine’s recovery process, noting that investments in the Ukrainian economy can be profitable and promising for all parties.
Our participation was an important signal to the international community that Ukrainian cities and communities are ready to actively cooperate with foreign partners and investors. Their speeches and participation in the discussions demonstrated that local governments in Ukraine are a reliable and promising partner for international business, ready to work on creating a favorable investment climate and attracting foreign capital for the country’s recovery and development.
The organizers of the Congress expressed confidence that this event will become a tradition and will annually bring together representatives of international business and investors who are interested in cooperation with Ukraine and are ready to join the process of recovery and development of its economy. As a country with great potential and opportunities, Ukraine is open to foreign investment and partnership.