The end of 2019 was marked by milestone events aimed at improving the investment climate in Ukraine. The RE: THINK. Invest in Ukraine forum in Mariupol, initiated personally by the President V. Zelensky; Ukraine’s entering the list of Top 10 most promising countries for investment in clean energy (according to the Climatescope 2019 Report, there was a rapid leap by 55 positions in the ranking); signing the law on stimulation of investment activity by the President of Ukraine; liberalization of currency legislation…
However, according to the European Business Association data, the country’s investment attractiveness has worsened over the previous years: the Investment Attractiveness Index is currently 2.85 points (at the 2016 level), which is less than last-year 3.07. These negative trends might have made the new Ukrainian government pay attention to this sector of economic development.
Experts from the EU Delegation to Ukraine highlight the most important obstacle to investment – the high level of corruption and, consequently, the imperfection of the rule of law and the improper work of state institutions aimed at ensuring the efficiency of financial and economic activity.
Even so, the current positive developments and government initiatives give a reason for optimistic forecasts. The investment climate will improve slowly yet steadily. There are still many risks for the business, but the proper strategy of legal protection and effective communication allow businesses to successfully establish in the country’s market and profit even more than in Europe.
For this issue of our magazine, we have asked well-known experts in risk management, heads of international organizations, powerful business owners planning to enter the Ukrainian market, were asked to share their experience in the issues a potential investor may face in Ukraine and how these issues can be solved.
Editor-in-Chief of LDaily