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2024 from the Ukrainian Desk

16 December 2024 | Knowledge, News, The Right Focus

The third year of the war is also the third year that our Ukrainian Desk has been working to support the Ukrainian economy and strengthen Polish-Ukrainian relations. The cornerstones of this work are balance and dynamism. We create solutions that build not only our clients’ businesses, but also lasting bridges of understanding and foundations for future post-war reconstruction.

2024 has been an important milestone for effective cooperation between Polish and Ukrainian companies

From the very beginning, the Ukrainian Desk has supported the development of the partnership between the two countries, providing legal support as well as advice and assistance in the implementation of strategic projects, including through:

  • Comprehensive advice on taxation and the legal environment in Ukraine
  • Full support and legal services for entrepreneurs entering the Ukrainian market and developing cooperation with local Ukrainian partners
  • Advice on the effective use of international funding programmes and attracting investment for the implementation of major infrastructure projects
  • Participation in and organisation of events on the prospects and opportunities for Polish-Ukrainian cooperation in strategic sectors such as construction, energy and agriculture

We are actively promoting the entry of Polish companies into the Ukrainian market, not only because this will attract other foreign investment, but also because it is the best proof that work on future economic recovery should start today.

To date, we have completed more than 40 such war projects, and more than 3,000 Polish companies have expressed their willingness to invest in Ukraine’s reconstruction.

Investing in Ukraine’s reconstruction now, and not waiting for the war to end

Attracting major foreign investment starts with assessing the needs, feasibility and security of a particular project.

Recently, at the request of a potential investor, we undertook a major project to assess the reconstruction needs of Ukraine’s infrastructure, including residential, industrial and community facilities. The analysis and conclusions of this study formed the basis for the development of general recommendations in this area.

In fact, we believe there is no need to wait for the war to end, not least because the Ukrainian market is already in need of support and offers unique opportunities such as:

  • Access to national and international funding programmes
  • Low rental costs and reduced administrative barriers
  • Support for foreign companies from the Ukrainian government through tax and financial incentives
  • Low and sometimes non-existent competition
  • The possibility of military risk insurance

Ukraine’s (post)war reconstruction – why act now?

We believe that the future of the Ukrainian market is being shaped today. Although the situation remains difficult, the active participation of foreign companies can be a powerful engine for the country’s reconstruction. Polish companies willing to take the risk can not only count on preferential conditions and unique opportunities, but also on long-term benefits. By seizing a unique opportunity to strengthen their position in one of Europe’s most promising markets.

Any questions? Contact us

Olena Ovchynnikova

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