Joint Communiqué: Strengthening the EU–Ukraine Business Partnership: High-Level Roundtable at the EU–Ukraine Investment Conference

Ahead of the EU-Ukraine Investment Conference in Warsaw, the European Union and the Government of Ukraine reaffirmed their shared commitment to deepening economic cooperation, as first outlined in the Joint Statement on Strengthening the EU–Ukraine Business Partnership issued in April 2025 by Prime Minister Denys Shmyhal and Commissioner Marta Kos.

Reforms

A key pillar of this partnership is Ukraine’s continued commitment to delivering the reforms required for progress on its EU path and for creating a predictable, rules-based business environment. As the European Commission has underlined, these reforms are central to strengthening legal certainty and ensuring fair, transparent competition for companies operating in Ukraine.

Commissioner for Enlargement Marta Kos and Deputy Prime Minister Taras Kachka chaired a high-level roundtable with business leaders from the EU and Ukraine, including companies active in strategic sectors such as energy, renewable generation, and critical raw materials. Their participation underscored that sustained investor engagement is closely tied to the credibility and pace of Ukraine’s reform efforts.

Commissioner Kos emphasised the need for Ukraine to accelerate and fully implement the reforms outlined in the Enlargement Report, stressing that progress on rule of law and anti-corruption remains indispensable for EU integration and for strengthening the business climate.

Deputy Prime Minister Kachka welcomed the recommendations set out in the latest Enlargement Report and affirmed Ukraine’s determination to implement them. Ukraine reiterated its commitment to strengthening the rule of law as a core requirement for EU accession and to ensuring that anti-corruption institutions are fully empowered, independent, and able to carry out their mandates effectively and free from political interference. Ukraine recognised that meaningful progress in these areas is essential for maintaining investor confidence and for advancing on the path toward EU membership.

Businesses at the roundtable echoed this perspective. They stressed that investment decisions rely on the consistent and effective implementation of reforms. Companies highlighted priority areas for further progress, including decentralisation, clear and stable sectoral regulation, and transparent, uniform enforcement practices across regions. Advancing these reforms will help reinforce predictability in the business environment and unlock Ukraine’s full investment potential.

Support

The second pillar of the EU–Ukraine Business Partnership focuses on mobilising financing for reconstruction through the Ukraine Investment Framework (UIF). With Norway’s recent contribution of EUR 127 million, the UIF now totals EUR 9.5 billion, of which close to EUR 7 billion has already been committed. These funds, expected to leverage around EUR 22 billion in investment, will achieve their full impact as Ukraine continues to strengthen transparency, regulatory stability, and effective implementation.

Energy remains a central sector of cooperation. Alongside emergency gas support, UIF guarantees are enabling the development of decentralised renewable energy projects. Continued improvements to the regulatory environment will help accelerate these investments and support Ukraine’s long-term energy resilience.

Promotion

A third pillar of cooperation focuses on boosting new FDI from EU companies. Projects emerging from the first Call for Expressions of Interest, such as Notus’s 120 MW wind farm in Odesa and Rengy Development’s solar and storage projects, pdemonstrate strong investor interest, while also underscoring the importance of predictable permitting, legal clarity, and a level playing field.

The European Commission and the Government of Ukraine will maintain close engagement with the private sector, including at the next EU–Ukraine Business Summit in April 2026 and at the upcoming 2026 Ukraine Recovery Conference in Poland. The EU remains fully committed to supporting Ukraine’s reconstruction and economic integration, while underlining that sustained, credible reforms, particularly on rule of law and anti-corruption, remain essential to Ukraine’s future success.