EBA: Ukraine worsens its investment attractiveness in Q3.

By bne IntelliNews October 21, 2011
In Q3, the index of Ukraine's investment attractiveness was recorded at 2.56, which is a significant drop compared to the Q2 when the figure was 3.39, the press service of the European Business Association (EBA) has reported. Investors' expectations improved by 0.12pps in Q1, while in Q2 they fell by 0.01pps, and in Q3 they shrank by almost 1pps, to 2.56 (the same figure was reported in Q3/2009). The statement notes that a sharp deterioration in the perception of the Ukrainian market by investors was triggered by a number of internal (the instability of the economic and legal spheres in Ukraine) and external (global market instability) reasons. A reduction in investors' expectations is partly linked to the threat of a second wave of crisis on world markets, and 51% of respondents are sure that it is inevitable. According to the association, when evaluating dominant market tendencies, respondents flagged negative trends on stream. Top investor concerns included continuous pressure from government agencies (12%), the detrimental impact of corruption (11%), taxation barriers, VAT refund lags and overall market instability (9% each).
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