GB4U Cofounder spoke at the European Commission’s Implementation Dialogue

On June 10, EBA Deputy Director and GB4U Cofounder, Iaroslava Savastieieva, participated in the Implementation Dialogue organized by the European Commission. The meeting focused on how the EU can strengthen cooperation with the private sector to realize its investment agenda in the EU and its Enlargement and Eastern Neighbourhood partners. Among the participants were 15 representatives from business support organizations and companies.

In her speech, Iaroslava emphasized the role of business in a state's economic development. This role is particularly important in the context of EU enlargement, which today has not only an economy but also a security dimension. In addition, Iaroslava shared insights on how businesses operate in Ukraine, their readiness to invest, the challenges they face, and ways to cooperate with and support Ukrainian businesses.

It was mentioned that, according to a recent EBA survey, most companies, specifically 71%, view the impact of Ukraine’s European integration efforts on their business positively. Notably, 83% of businesses are willing to contribute to forming Ukraine’s negotiating position on EU accession.

Fundamental reforms, a predictable legislative environment, the protection of the rule of law, and an independent judicial system are essential preconditions for attracting investors.

Considering the security situation and ongoing war, dedicated war-risk insurance instruments for fixed assets would play a big nudge for EU capital.

We thank the EU Commissioner for Enlargement Marta Kos and the DG NEAR team for their initiative and open dialogue. Let's build a competitive, sustainable, and innovative economy in the EU and neighboring regions together!