The Ukrainian economy’s attractiveness to foreign and domestic investors shot up in 2017, scoring more than three points out of a possible five for the first time since 2011, according to the European Business Association’s annual Investment Attractiveness Index report.
The EBA has published the report on its website. Ukraine’s score this year was 3.15. Last year it was 2.85.
“In fact, this is the result of joint efforts by the government and business,” Boris Lozhkin, the deputy head of National Reforms Council of Ukraine, wrote on Facebook on July 4.
“For the first time since 2011, the Investment Attractiveness Index climbed higher than three points, to 3.15 out of a possible five. This is great news,” Lozhkin added.
The EBA’s Investment Attractiveness survey assesses the business climate in Ukraine using expert evaluations provided by top managers of the companies that belong to the association, the EBA’s official website says.
Lozhkin said that the investors saw deregulation, currency control liberalization, the opening up of data sources, new electronic services, and especially the electronic system for reimbursing valued added tax on goods and services, as the major improvements achieved in Ukraine in the first half of 2017.
More information on the Ukrainian government’s efforts to improve the country’s business climate is here.
