Ukrainian Investment Championship: which regions became leaders in economic growth.

Ukrainian Investment Championship is an initiative by Korrespondent and DTEK to promote investment in Ukraine. Today, it is extraordinarily important for the country to attract investments, both foreign and domestic, to ensure economic growth of at least 7-8%.

The one-day project assessed the success of local authorities in cooperation with business. According to DTEK Director Tetyana Overina, the key for local governments is to provide businesses with clear and transparent rules and also facilitate the process of passing bureaucratic procedures.

Local authorities supported the development of solar and wind energy, as well as gas wells, which contributed to the improvement of economic and social indicators. The socio-economic situation in the region and favorable conditions for development are important for enterprises.

Support for local entrepreneurs is also important for attracting investments. Local authorities must ensure security, transparency, and support for business development. Currently, meetings with local authorities for entrepreneurs remain ineffective in 70% of cases.

Recommendations for improving the investment climate:

• Placement of documents online;
• Recommendations for quick obtaining of permits and approvals;
• Online provision of permits;
• Reduction of financial obligations of businesses to local budgets.

Investment Rating of Regions:

• Kyiv and Kyiv region;
• Poltava and Vinnytsia regions;
• Dnipropetrovsk region.

The Investment Championship showed that eight regions manage to achieve high rates of economic growth, exceeding the national average of 3.3%.

The main reasons for success are the attractiveness of the region for investors and the activity of local authorities in stimulating investments.

Korrespondent and DTEK jointly launched the initiative in the form of the Ukrainian Investment Championship, which helps in promoting investments in Ukraine. Emphasis is placed on cooperation between local authorities and investors, which is key for successful business development. Project participants provide recommendations for improving the investment climate and identify regions with the most attractive conditions for investment.