“It is necessary to create an effective business ecosystem around agribusiness companies that continue to operate productively in Ukraine despite the war”, – emphasised  CEO of IMC and President of UCAB Alex Lissitsa during the Business dimension “Roots of Resilience: Strengthening Partnerships to Support the Ukrainian AgriFood Sector” at the Ukraine Recovery Conference – URC2024.

In recent years, there has been a clear understanding that Ukraine is a desirable partner for the EU, but this should also be reflected in the community's decisions. In particular, on the Ukraine Facility initiative and on resolving the issue of tariff agreements. It is not enough to continue autonomous trade measures for one year only, as this does not reduce the unpredictability factor, as it will be even more difficult to extend the terms of trade preferences next year behind the Hungarian Presidency of the European Parliament. Ukraine would appreciate more stability by making some decisions on trade arrangements for the next 4 or even 10 years.

In addition, the Ukrainian agricultural sector needs additional financial instruments. There are still many discussions on investments in the Ukrainian economy, but it is quite difficult to attract investors during the war.

“At the same time, a large number of agribusinesses in Ukraine are operating efficiently despite the war. So we need to create a business ecosystem around these companies, taking into account their interests. For this purpose, we need financial instruments, new mutually beneficial options, possibly attracting private capital or grants. Also, in the coming years we need a new labour code and a solution to the migration issue, because nothing will happen without people coming back”, –  stressed Alex Lissitsa.

“It is equally important to understand how politics will develop and how to justify investments. There must be political stability and a clearly defined path that spells out how Ukraine will implement EU standards. That is, a roadmap from governments on how business will work to understand the prospects and necessary actions in terms of global markets”, – added CEO of Continental Farmers Group and member of the UCAB Presidium Georg von Nolcken.