Entering Ukrainian market will be more expensive | News Flash
Minister of Finance Alexander Danyluk warned investors: "Entering Ukrainian market will be more expensive".
Alexander Danyluk said "Now is the best time to invest in Ukraine”.
Radio "Liberty" writes: "In fact, we are creating a new country. And the cost of a business that operates in a country increases. Now, when we are just out of the crisis is the best time to invest, "- said Danyluk.
Also Danyluk said that the current priority for investments were agriculture, energy efficiency and the stock market.
Parliament passed a bill on the abolition of the mandatory state registration of foreign investments. According to the authors, this document should encourage the arrival of new foreign investors to Ukraine.
Western partners have urged Kyiv to implement reforms to attract investments or credits. Particularly the IMF approved the granting Ukraine a new tranche of loans worth 1 billion dollars on September 15. The mission of the International Monetary Fund noted that resolute reforms was needed to finance Ukraine.
During 2015 the economy of Ukraine received 3.76 billion dollars from foreign direct investments. One third of this money have invested in manufacturing enterprises, a little less than a third - in financial institutions and insurance.
Ukraine has just received foreign direct investment of 2.28 billion dollars as of July 1, 2016.
Moreover, Boris Lozhkyn, the head of the National Investment Council notes: "One of the priorities of the National Investment Council is the creation of the right environment for investors. Including through the introduction of new, not previously used tools, which should have a positively affect on the investment climate. What Ukraine can do for Europe? Our country is a skilled workforce for the European business, perspective platform for industries, a huge market for European goods."
Also it’s worth noting the opinion of George Soros that Ukraine is the main asset of Europe.
In a recent future Ukraine will become very attractive for investors, due to the reforms that Ukraine is conducting, however, as a result - the entrance to the Ukrainian market will be more expensive for investors.