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Ukraine’s progress in strengthening the rule of law and building a credible anti-corruption framework in recent years is enhancing its attractiveness as a destination for business and investment. Over the past decade, the establishment of specialised institutions, including NABU, SAPO, the High Anti-Corruption Court and the Prozorro public procurement platform, has improved transparency and enforcement. However, significant challenges remain, including the need to further strengthen judicial independence, ensure the consistent application of reforms and reinforce institutional resilience against political and wartime pressures. While governance risks persist, Ukraine has demonstrated a commitment to reform, supported by EU accession conditionality and international partnerships. Continued progress in these areas will be critical to providing investors with greater legal certainty and confidence in the country’s long-term trajectory.

Experience from the Baltic states illustrates how EU accession can act as a catalyst for institutional transformation, economic growth and increased foreign investment. Ukraine’s reform trajectory reflects many of the same characteristics, suggesting significant long-term potential if current reforms are maintained and deepened. For businesses, successful engagement in Ukraine requires both confidence in the country’s evolving institutional framework and robust internal compliance measures. Continued progress on judicial independence, anti-corruption enforcement and regulatory transparency will be essential to strengthening investor confidence, supporting reconstruction efforts and advancing Ukraine’s integration into the European Union.

From Tuesday, 16 to Wednesday, 17 June, AmCham EU travelled to the European Parliament in Strasbourg, France for a series of meetings on EU trade and external affairs policy developments. The delegation engaged with Members of the European Parliament and political group advisers to share business perspectives on the future of the EU-US relationship. Discussions focused on the need to reset transatlantic trade and investment ties, strengthen Europe’s competitiveness and preserve open, rules-based markets. Members also highlighted the importance of avoiding tariffs, reducing regulatory complexity, deepening cooperation on economic security, critical supply chains and digital policy as well as ensuring that resilience measures remain proportionate, predictable and open to trusted partners.

How can Europe strengthen its digital resilience while remaining open to the partnerships that drive AI innovation? On Wednesday, 17 June, Malte Lohan, CEO, AmCham EU, addressed this at a conference organised by the Cypriot Presidency of the Council of the EU in Nicosia, Cyprus. Discussions focused on how Europe can build a more resilient digital ecosystem while remaining an attractive destination for investment and innovation. Mr Lohan underlined that secure supply chains and trusted partnerships are essential to Europe’s AI competitiveness. He also highlighted the role of US businesses as committed partners in helping Europe build and compete globally, while stressing the need for balanced policies that strengthen resilience and give companies the confidence to invest in Europe.