2024-09-20T13:25:00+03:00 World 2024-09-24T04:00:01+03:00

Ukrainian news

The investment environment in Ukraine is improving, – President Europe Region at Philip Morris International

The investment environment in Ukraine is improving, – President Europe Region at Philip Morris International

Massimo Andolina, President Europe Region at Philip Morris International, has pointed out during the Yalta European Strategy forum that the investment environment in Ukraine is improving.

This was reported by ICTV.

He has added that it is not easy to invest in Ukraine right now, and such a decision cannot be made quickly. Multinational companies must carefully consider the risks before deciding to invest in a country at war.

“But your investment environment has improved. Your politicians systematically consider certain laws that improve investment conditions. Especially for the last 12 months, we had a very extensive dialogue with public institutions. And such meetings, as the YES forum, are a fantastic opportunity to intensify the dialogue” – Andolina said.

This year, Philip Morris launched a new factory in Lviv region and invested in it $30 million. The new factory will create 250 jobs. The company also plans to invest UAH 60 mln in the construction of its own shelter on the territory of the factory.

Philip Morris Ukraine has been operating on Ukrainian market since 1994. For this period it has invested over $750 million in the economy of Ukraine. In 2023, the company paid UAH 30.3 billion in taxes in Ukraine.