Mylovanov: Western investors interested in three blocks of questions about business climate in Ukraine
“Such meetings were held, for example, in Qatar or Tokyo in the spring, I was having breakfast with business in Washington in September, when President Zelensky had a meeting with Biden,” Tymofiy Mylovanov, adviser to the Head of the President’s Office, President of the Kyiv School of Economics, said on the air of Dom TV channel.
He noted that earlier foreign investors had complained about the difficulties of doing business in Ukraine.
“Issues are raised at the presidential level. For example, there is a large project but the land plot is not allocated or cases are pending court consideration for three years,” he said.
At the same time, the talking points have changed over the past year.
“Business is not complaining. Even in Washington, for example, Will Cargill said that was the first time that everything was fine with the VAT refund, noting they started with complaints and now have no complaints. Business discusses projects, they try to understand the priorities of Ukraine, politicians, business representatives within Ukraine, and try to adapt their investment or trade projects to these priorities. That is, such meetings become more specific. Specific industries and projects in these industries are discussed,” Mylovanov explained.
According to him, any investors are interested in profits. If Ukraine gives them the opportunity to make money, they will invest.
As Mylovanov noted, investors are interested in three blocks of questions at the meetings with the leadership of Ukraine.
"The first question is risks. The fewer risks we have, the smaller profit investors want, the more profitable it is for us. Because if there is a risk, an investor wants to overlap this risk with greater profit ... Then there is always the question of the judicial system, business climate, protection of ownership rights. And the third block is always the questions about the IMF, the macroeconomic situation, stability, the exchange rate, inflation. These are three groups of questions," he said, adding that the more positive the answers to these questions are, the greater is the interest of investors to come to Ukraine.
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