EBA: Ukraine investment attractiveness index remains low.

By bne IntelliNews July 11, 2012
The index of investment attractiveness of Ukraine, remained at a low level in Q2, almost at the level of Q1: 2.19 points out of 5 possible. In Q1, it stood at 2.18 points, the European Business Association (EBA) has reported. According to EBA, the level of attractiveness continues to be at the lowest position since the history of the survey. The EBA surveyed 115 CEOs from EBA member companies. They attribute the low investor confidence to the ongoing problems with VAT refunds and the loss carryforward procedure, the overregulation of market activity, corruption, troubled relations with the EU, and technical barriers to trade. A few of those surveyed said Ukraine's successful hosting of the EURO 2012 football championship, the adoption of a new Customs Code, and moves to stimulate the country's IT sector were positive developments. However, these plus points were not sufficient to give a significant boost to the index. EBA studies are conducted from the Q3/2008. The highest value of the index - 3.4 points - was recorded in the Q1/2011.
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