Ukraine targets value-added production to reshape wartime economy
KYIV - Ukraine's wartime government will boost domestic value-added production to reshape its commodities-driven economy, increase revenue, boost growth and return millions of Ukrainians home, the first deputy prime minister said.
The government has already introduced a number of programmes offering grants and loans to small and medium-sized businesses, also to help companies relocate to safer areas and created dozens of industrial parks with specialized fiscal measures. The government's conservative scenario for 2025 envisages a 2.7% increase in GDP as the war, security risks, expected energy deficit and staff shortages will limit growth, she said.As the war with Russia approaches its 1,000-day mark, human, social, and economic losses mount. Svyrydenko said the government, the World Bank, and other partners were working on a new assessment of economic losses caused by the war.
Reduced electricity generation capacity after Russia's intensified bombardments of the Ukrainian power sector has been a key challenge this year and going forward, Svyrydenko said. The government plans to set up a specialized agency to spearhead efforts to return Ukrainians home. For now, 4.1 million Ukrainians have been temporarily registered in Europe, official data showed.
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