Olga Magaletska took part in the presentation of Oxford Economics analysis of the Diia City Project

On April 27, Olga Magaletska, Head of the Office of the National Investment Council took part in the presentation of Oxford Economics analysis of the Diia City Project for International Development Partners.

The event was attended by Oliver Salmon, Senior Economist, Oxford Economics; Daniel A. Witt, President, International Tax and Investment Center; Oleksandr Bornyakov, Deputy Minister of Digital Transformation of Ukraine; representatives of USAID Mission in Ukraine, the World Bank, EBRD, IMF, UK Embassy in Ukraine and US Embassy in Ukraine.

Within the online session, the International Tax and Investment Center (ITIC) and StrategEast have presented the key findings of the jointly prepared report with the Oxford Economics report - “A Review of the Impact of Reforms on the Ukrainian IT Sector”.

Modeling, undertaken by Oxford Economics, suggests that Diia City reforms will have a modest impact on government finances, confirms there is little-to-no risk of budget revenue loss and a strong probability of boost tax revenues under the right circumstances.

Olga Magaletska noted that Diia City would ensure the growth of the IT sector by 40-50% annually, as well as increase revenues of the IT industry to $16.5.

“From the very beginning Office of the National Investment Council take an active part in the development of this initiative. I am sure that Diia City will bring a new quality to Ukraine’s IT industry and economy. This reform will drag out of the shadow the IT sector and will lead to business growth contributing to GDP”, - said Olga Magaletska.

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