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10-11-2015

Nickolas Likhachov: Investors agreed, that bottom line of banking crisis in Ukraine has passed

Nickolas Likhachov: Investors agreed, that bottom line of banking crisis in Ukraine has passed

During the IV CEE Investment Conference held in Kyiv last Friday the 6th of November, foreign investors have agreed that agricultural business and energy industry together with the rising market of IT are the main three economic sectors of Ukraine, where the investors are still ready to invest, despite of financial instability and overall unfavorable business climate in the country.

Ukrainian Minister of Finance Natalie Jaresko during her speech at the conference emphasized that the Cabinet is not in a position to decrease tax rates. She also underlined that the potential decrease of taxes will lead to the inability to hold the level of inflation as well as will not guarantee successful implementation of the IMF program. The forecasts of the Ministry of Economy did not give grounds for optimism as well, Aivaras Abromavicius (the Minister of Economy of Ukraine) foresees that this year we will see the growth of Economy in Q4 at the level of 1% and 2.5% in Y2016.

“Nevertheless, the pole, held by the organizers of the Investment Conference, give some grounds for cautious optimism, – Nickolas Likhachov, Counsel at Spenser & Kauffmann said. – Investors have agreed that the bottom line of banking crisis in Ukraine has passed and more than 50% among the investors, who are allowed to invest in the CEE region, will invest in Ukraine in 2016″.

IV Центральная и Востчноевропейская инвестиционная конференция (CEE Investment Conference) состоялась на днях в Киеве. Участие в мероприятии принял советник АО «Спенсер и Кауфманн» Николай Лихачев.

Posted by Spenser & Kauffmann on 10 ноября 2015 г.