The European Business Association (EBA) has published a White Paper that contains proposals for the recovery of Ukraine’s economy and its integration into the EU single market. This document outlines the key challenges faced by businesses in critical sectors and provides specific recommendations for reforming the business environment and attracting investment.
Urgent need for recovery
The economic reconstruction of Ukraine after the large-scale military aggression by Russia is crucial for ensuring the country’s stable development. Ukraine’s integration into the European space is critical for its future, highlighting the importance of swiftly implementing changes across various sectors of the economy.
Key areas of focus
The EBA White Paper emphasizes several key areas that require urgent reform:
- Tax policy: The need to adapt the tax system to support businesses and attract foreign investment.
- Import and trade: Enhancing the efficiency of import procedures and expanding trade links with the EU.
- Energy: Reforming the energy sector to ensure energy independence and stability of supplies.
- Agriculture: Supporting the agricultural sector as an important element of economic recovery.
Call to action
The EBA urges the Ukrainian government, in collaboration with the European Union, to promptly develop and implement the necessary reforms. This should contribute to stabilizing the economy, strengthening public finances, and integrating Ukraine into the European economic space.
Details of the White Paper can be found at the following link: EBA White Paper.
The recovery of Ukraine’s economy in wartime poses a challenge but also offers an opportunity to strengthen the business environment and integrate into the European market. The proposals outlined in the White Paper could serve as a foundation for further steps in this direction.
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