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Automatically translated version. May contain inaccuracies compared to the original.
The state should not only simplify regulation but also work with business to find mechanisms for additional support, because the coming winter will be very difficult.
As Dilo writes, Ukrainian Economy and Environment Minister Oleksandr Kravchenko said this during the Forbes Ukraine Forum on Economic Resilience, quoted by Interfax-Ukraine.
"The state genuinely needs to simplify regulation, but I also think we must jointly seek mechanisms for additional business support, because I believe this winter will indeed be very challenging," Kravchenko noted.
Exhaustion of the old support model
According to him, Ukrainian business quickly adapted at the start of the full-scale invasion not only due to deregulation. A significant role was played by financial resources in the form of macro-financial assistance that stimulated consumption and investment. However, now this resource is gradually running out.
"When we say that business adapted quickly, yes, but it adapted not only thanks to freedom; it adapted because there was a financial resource that was given to us... But I say that this model is actually beginning to exhaust itself now," the minister explained.
Kravchenko stressed that the state and business need to look for additional mechanisms of support so that companies can continue investing in Ukraine.
As a reminder, Ukrainian business in August worsened its assessment of current business activity after two months of growth. The AIED index of business activity recovery fell from -0,11 to -0,16, and the average duration of the portfolio of new orders shortened to 2,6 months.
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