24 September 2015

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 told.

 

There is an interest to invest 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 while 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 have only few candidates for investment”, - he added.

 

Paseniuk presumes 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 intending to create the transparent mechanism to remove assets which are located in the banking system, that means, a functional law on bankruptcy.    

 

Interfax