Directors, top managers of leading European and Ukrainian companies say no change in Ukraine - EBA
The Investment Attractiveness Index of Ukraine tracked by the European Business Association (EBA) at the end of the fourth quarter of 2014 came to 2.5, the lowest indicator for 2014.
The press service of the EBA reported that in the first quarter it was 2.72, in the second quarter – 2.74 and in the third quarter – 2.65. The association said that the index was the lowest in its period of existence since the fourth quarter of 2013 – 1.81.
The vast majority of experts agree that no changes have occurred in Ukraine, mainly due to the annexation of Crimea, external aggression and the worsening of the conflict in eastern Ukraine, the EBA said.
The investment climate in Ukraine received the worst estimates by businesses – 1.9 points. The investment climate dynamics in three month was assessed at 2.6 points. Investment climate dynamics expectations for the next three months barely changed, being 3 points.
The majority of respondents (60%) say there were no changes in the country, while in the third quarter 2014 44% of respondents agreed with that statement. 25% of respondents positively assessed the re-election of the parliament and the appointment of the new government, and 11% also gave positive evaluations on spot changes in the regulatory field, and the improvement of dialog with representatives of authorities.
Only 4% of respondents stated that the signing of the lustration law was among positive changes made in the past three months, the EBA said.
The Investment Attractiveness Index was conducted by the EBA, with the support of InMind Research Company. The EBA Investment Attractiveness Index is assessed as the mean value based on five aspects. 82 CEOs of companies that are members of the EBA were polled.
