INTERNATIONAL INVESTORS ARE READY TO INVEST IN UKRAINE AFTER REFORMING IN BUSINESS ENVIRONMENT – ICU

A number of investors are actively taking interest in investments into Ukraine still expecting the reforming in business environment, - that is what Managing Director of ICU Group (Kyiv) Makar Paseniuk said.

There is an interest in investing in Ukraine. “We are currently negotiating with 10 direct investment funds – the issue is about the sum that amounts to $1 billon and they are looking for investment opportunities in the country. Except for that, there is also a range of strategic investors” he said whilst giving his speech at Odesa Financial Forum on Thursday, September 22nd.

At the same time, according to Paseniuk, the main problem experienced by funds is the lack of candidates for investment. “Without additional catalyst from Ukrainian government we only have a few candidates for investment”, - he added.

Paseniuk assumes that to launch the investment process in Ukraine, we need the real reset of economy and the government’s strategy, which entails the changes in conditions and approaches to business conduction on the legislative level.

In short term, within 3 years, the analyst added, we need the government’s strategy that is intending to create the transparent mechanism to remove assets which are located in the banking system, which means, a functional law on bankruptcy.