Abstracting away from macroeconomic aspects, the European Bank of Reconstruction and Development’s influence, for which appositely Ukraine is a foremost recipient, is evidently positive, as regards Ukrainian business http://korrespondent.net/business/financial/364431….
At the same time, the USA political elites’ voices are clearly articulate, advising Ukrainians with an utmost distinctiveness to rely on its own forces, and not to expect the international community to help.
That is why the investment revival in Ukraine will depend on the investors’ readiness to exhibit activity at the turbulent market, as well as on the Government’s ability to create the required basic conditions.
This means that it is worthwhile for foreign and Ukrainian investors to have reliance upon their own intuition and to give a fair evaluation to investment attractiveness of any particular business sectors or projects. Anyway, its subsurface resources, its soils, its unique geographical position and transit potential will always belong to Ukraine. On top of it, there are millions of consumers of different goods and services. Again, they are highly qualified personnel, whose labor counter value in dollars, unfortunately, is much lower today than several years ago. Over and above, there are successful Ukrainian companies, maintaining its market positions even under the conditions of current economic “weather.”
Precisely, they are simultaneously the proof of Ukraine’s strategic investment attractiveness and the possible guides and partners of foreign businesses. But whether all of this investment potential is realized, will depend on the government’s tactical actions.
Notably, this concerns rather fulfilling the distinct framing requirements than reforming all the civil life domains. The first one is a friendly and stable legal environment. The second is the opportunity of righteous judicial protection of investments. The third is a real advancement en route of reforms and creating conditions for honest economic competition in the first place. If all the indicated directions are perceptibly approached, then it would be possible to refer to further support strengthening on the part of international financial organizations, and talk of private business investments optimism.
Oleksandr Yaroslavsky is owner and DCH group president.
