Ukraine’s business climate is currently far from favorable. I am convinced that the biggest, most deeply ingrained problem with doing business in Ukraine is, of course, corruption.Until the state authorities serve their people instead of acting as their ruler, until their oversight bodies help business meet regulatory requirements instead of punishing it, much-needed economic growth will remain difficult for Ukraine to attain.
We believe we are capable of furthering progress towards attracting foreign investment to Ukraine and easing the regulatory burden on local business—provided that we maintain ongoing dialogue with both sides: entrepreneurs and government institutions.
Full text of Quarterly Report
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