Svyrydenko: Swedish business wants to invest in Ukrainian high-tech sectors

Svyrydenko: Swedish business wants to invest in Ukrainian high-tech sectors

Kyiv  •  UNN

March 26 2024, 09:21 AM  •  23543 views

Swedish businesses are interested in expanding their presence in Ukraine and cooperating in high-tech sectors such as energy, telecommunications, and cybersecurity, as discussed during the meeting between Ukrainian and Swedish officials.

Swedish companies are interested in increasing their presence in Ukraine and developing cooperation in energy, telecommunications and cybersecurity, Yulia Svyrydenko reported, UNN reports.

Details

During a meeting with First Vice Prime Minister of Ukraine Yulia Svyrydenko, Swedish Vice Prime Minister and Minister of Energy, Business and Industry Ebba Bush expressed the interest of Swedish businesses in expanding their presence in Ukraine and cooperating with Ukrainian companies in the energy, telecommunications and cybersecurity sectors.

The meeting was attended by: Rostyslav Shurma, Deputy Head of the Office of the President of Ukraine, Volodymyr Kuzio and Oleksiy Sobolev, Deputy Ministers of Economy of Ukraine, as well as Martin Oberg, Ambassador Extraordinary and Plenipotentiary of the Kingdom of Sweden to Ukraine, and Daniel Liljberg, State Secretary of the Ministry of Energy, Business and Industry.

We discussed specific projects that might be interesting for Swedish companies to invest in. We heard from our colleagues that Swedish businesses already operating in Ukraine are interested in increasing their presence, and potential investors are interested in cooperating in high-tech industries such as conventional and green energy, telecommunications, and cybersecurity. It is very important for us to localize such high-tech production in Ukraine. We have excellent opportunities for cooperation that will benefit both countries

- says Yulia Svyrydenko.

According to her, the meeting discussed ways to increase support for Ukraine's energy sector in the face of ongoing missile attacks by the Russian Federation. They also discussed opportunities for investment in other key sectors of the economy that are considered priorities for the period from 2024 to 2027 and have great potential for growth.

They also discussed the possibility of involving the Swedish Export Credit Agency to insure military risks for Swedish investors. One of the topics of conversation was the development of women's entrepreneurship in Ukraine and the provision of grants for women to develop their businesses in order to reduce the gender pay gap. The government has set itself the task of reducing this gap from 18.6% to 13.6% by 2030.

The First Vice Prime Minister of Ukraine noted that Ukrainian women are increasingly willing to undergo training and retrain for jobs that used to be "male", such as construction, demining, manufacturing, and others.

They also discussed the possibility of Sweden's participation in training programs for women entrepreneurs so that they could contribute to Ukraine's reconstruction with new knowledge and skills.

Recall

Ukraine and Sweden have agreed to deepen cooperation in the nuclear field to strengthen energy security in Europe, including the development of Western-made nuclear fuel to replace Russian supplies and the use of Ukraine's experience in maintaining stable nuclear power operations in wartime. 

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