Wednesday, October 18 2017 23:13 EEST
Ukraine
President invited Maltese business to invest in Ukraine
President,  Invited,  Maltese,  Business, Ukraine

President Petro Poroshenko is confident that the visit of the Maltese President opens a new page in bilateral relations based on an active dialogue and mutually beneficial projects.

In the course of the speech at the Ukraine-Malta business forum, the Head of State expressed hope for the intensification of development of trade and investment opportunities and noted that Ukraine is ready to consider any opportunity of our cooperation.

Petro Poroshenko also stressed that he has good reasons for a firm belief in a very promising future of the Ukrainian-Maltese trade and investment partnership. According to the results of the first half of 2017, the trade in goods and services between Malta and Ukraine increased by 64%. "This is the result of effective contacts between the Presidents, Governments, the effective work of the Prime Ministers and the ministries," he added.

The Head of State stressed: "Ukrainian exporters consider Malta as a possible trade and legal gateway to the EU, using your unique experience, effective services and our friendship, as well as a unique gateway that allows them to access the markets of the Middle East and Africa”.

"That's why I strongly recommend Ukrainian businesses to take advantage of these unique opportunities, to take advantage of the confidence between the Presidents, Governments and Parliaments to expand our cooperation," Petro Poroshenko added.

According to the Head of State, to increase the number of Ukrainian exporters who wish to take advantage of the opportunities of Malta, it is proposed to organize specialized advertising trade activities, such as the "Weeks of Ukraine" in Malta.

Petro Poroshenko stressed that Ukraine demonstrates an impressing progress in the implementation of reforms. During this period, ineffective anti-corruption institutions were transformed into a modern democratic anti-corruption system and completely new ones were introduced. "Today we are promoting a new culture of relations between government and society, based on the principle of "zero tolerance” for corruption," he said.

The Head of State also listed a number of reforms currently being implemented in Ukraine: the energy reform, which is one of the most successful; continuation of modernization of infrastructure; decentralization reform.

“We are ready to resume privatization. The draft law of Ukraine on privatization of state property is coordinated with the position of the IMF, submitted to the parliament. This makes procedures more transparent and faster, as well as more secure for investors,” he informed.

Petro Poroshenko stressed that Ukraine is ready to present Malta specific proposals on the issue of privatization. In particular, in the field of energy, infrastructure projects, ports, chemical industry, etc. He also added that SMEs in Ukraine could be interesting for Maltese investments.

The President called the attraction of $ 3 billion by placing Eurobonds for a 15-year period another symbol of increasing trust of investors. According to him, about 400 foreign investors participated in the agreement, which was the first issue of Ukraine since 2014.

"It is a recognition of the effective work of the Ukrainian authorities on the path of reforms and an important message of confidence in Ukraine that is moving in the right direction," the Head of State noted.

According to him, business structures also recognize the efforts of Ukraine. In particular, recent polls show that Ukraine will raise a list of current and potential investments over the next 12 months, and to the question to potential investors - which country they will choose in 2018, an absolute majority said that Ukraine could be this country.

The Head of State also reminded that in 2014, Ukraine ranked 153 in the World Bank's "Doing business" rating. In the three years we reached the 80th place. According to him, this is the greatest progress that has ever been demonstrated by the country.

"It's a good atmosphere for you to invest in Ukraine," Petro Poroshenko stressed.

In her turn, President of the Republic of Malta Marie-Louise Coleiro Preca noted the importance and efficient of the reforms in Ukraine.

"Ukraine demonstrates extremely successful economic reforms under the leadership of President Poroshenko. We believe that in a favorable business environment, it is time when we should act decisively and help our people and businesses establish cooperation," the President of Malta said, noting that this is related to SMEs as well.

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