Ukraine

Volodymyr Zelenskyy in a meeting with representatives of the largest tobacco companies in Ukraine: We are interested in increasing investment and exports

"The growth of investment into the economy of Ukraine is important for us, as it is an increase in the number of jobs and tax revenues," the Head of State said.

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President of Ukraine Volodymyr Zelenskyy met with the largest tobacco manufacturers in Ukraine.

The parties discussed the market situation, in particular, information on the possible transfer of head offices of the companies and the shutdown of some tobacco manufacturers.

“The growth of investment into the economy of Ukraine is important for us, as it is an increase in the number of jobs and tax revenues,” the Head of State said.

The President stressed that tobacco companies were one of the largest taxpayers, and tax revenues were increasing: over 9 months of this year, they increased by 7.5% – up to almost UAH 30.5 billion.

The Head of State emphasized that the issue of improving the business climate and ensuring the predictability of state policy and market regulation were important for Ukraine. He also said that combating monopolies and building competitive markets was also a priority.

Volodymyr Zelenskyy noted interest in increasing the export of tobacco products made in Ukraine.

In addition, emphasis was placed on the need to address the problem of the shadow market of tobacco products.

The meeting was attended by representatives of British American Tobacco, Philip Morris Ukraine, JTI and Imperial Tobacco, Executive Director of the European Business Association (EBA) Anna Derevyanko, Minister of Economic Development, Trade and Agriculture of Ukraine Tymofiy Mylovanov, Minister of Finance Oksana Markarova, Head of the State Tax Service of Ukraine Serhiy Verlanov, Chairman of the Antimonopoly Committee Yuriy Terentyev and Chairman of the Committee on Finance, Tax and Customs Policy Danylo Hetmantsev.

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