Investors see more responsive government
Ukraine’s leading English language newspaper, the Kyiv Post, has reported optimism on the part of investors currently in the country and the hope that moves being made by the new interim government will encourage more investment.
The newspaper points to increased interest whilst pointing out that investors want to be sure that it is safe to do business and send their money to Ukraine. They also want a solution to the geopolitical crisis as the autonomous region of Crimea goes to a referendum on Sunday asking the people of these region whether they want to join Russia as a federal subject, or if they want to restore the 1992 Crimean constitution while remaining within Ukraine.
The Kyiv Post reports that the country has $73 billion in debt, around 43% of GDP and only foreign currency reserves of $15 billion. Last year Ukraine received $5.7 billion in FDI but the government has started bailout talks with the IMF and is hoping for aid from the United States and European Union of around $15 billion. The country may well sign the EU/Ukraine Association Agreement by the end of this month, the very agreement which sparked the crisis late last year.
The full story as published in the Kyiv Post can be found here.