Ukrainian Prime Minister Denys Shmyhal Announces New Government Initiatives

On February 28, 2026, Ukrainian Prime Minister Denys Shmyhal announced a comprehensive new strategy for the development of the country's economy during a press conference held in Kyiv. According to Shmyhal, the government aims to achieve a 50% growth in gross domestic product (GDP) over the next five years, which he believes will serve as a foundation for improving the lives of Ukrainians and enhancing the nation's competitiveness on the international stage.

Shmyhal emphasized that the new economic strategy is built on three key pillars: investment in infrastructure, support for small and medium-sized enterprises (SMEs), and the development of innovative technologies. "We must create conditions to attract foreign investments, as this is one of the most critical factors for the growth of our economy," he stated.

The Prime Minister also highlighted the necessity of modernizing infrastructure, which he described as critically important for ensuring economic growth. "We plan to invest in roads, bridges, railways, and other infrastructure projects to ensure effective transportation links between the regions of the country," Shmyhal added.

Furthermore, the government intends to support small and medium-sized businesses, which Shmyhal believes are the backbone of the economy. "We will implement lending programs, reduce the tax burden, and provide grants for startups," he explained. The plan also includes the creation of new jobs across various sectors of the economy, which is expected to help reduce unemployment levels.

Shmyhal underscored the importance of developing innovative technologies, which could serve as a driving force for economic growth. "We must invest in science and education to prepare a new generation of specialists capable of working in the modern economy," he noted. The Prime Minister also announced the launch of new support programs for startups and innovative projects.

The context for these initiatives is the challenging economic situation in Ukraine, which has been affected by the consequences of war and global economic challenges. According to the National Bank of Ukraine, the GDP growth for the country in 2025 was only 1.5%, a result of low investment levels and declining consumer demand. The government hopes that these new initiatives will help change this trend and ensure stable economic growth.

In conclusion, during the press conference, Shmyhal urged all Ukrainians to support the new economic development strategy. "We must work together to achieve our common goal — to make Ukraine a strong and prosperous country," he summarized.