With the war we lost 15% of industrial potential - Mazepa's investment bank

A key factor in business development in such conditions is the creation of a military risk insurance mechanism, which is currently active in ConcordeCapital with partners. Business looks very restrained at the prospects of 2024, but is convinced of the good economy at the moment. The founder of Concorde Capital Investment Company Igor Mazepa told this in an interview with Forbes.

According to the current forecasts of Igor Mazepa, the internal gross product should increase by 6%this year, which indicates a good state of the economy. However, foreign financial assistance plays a huge role in this growth. "Growth is driving consumer demand, which is supported by huge military expenses. Collecting taxes and other payments within the country is 35% of all budget payments. The rest is, in fact, foreign aid and debt" - states Igor Mazepa.

The banker emphasizes that the economy is strongly supported by the agricultural sector: ". . . the economy drivers agriculture-a record yield is even higher than in the best volume of 2021.

" However, Mazepa emphasizes a number of critical factors for the development of the country's economic potential in the situation of war: the key factor in business development in such conditions is the creation of a mechanism for insurance of military risks, which is now being actively involved in Concorde Capital together with partners. "In Ukraine, potential demand for military risk insurance is hundreds of billions," the investmentbank noted.