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SUPPORT FOR PRIVATE INVESTMENT INFRASTRUCTURE
The current crisis has shown businesses and politicians that betting on speculative operations and inflating the market cannot be a long-term development strategy. The future of Ukrainian business in the transition to a post-industrial type economy, dominated by services, high technology and infrastructure. Such changes require a system of incentives for venture investments, which play an important role in ensuring the country’s competitiveness. It is no coincidence that states with a developed venture capital market (USA, Japan, Germany, UK) act as the largest exporters of high technology products. In these countries, a key role in the search and development of high-risk startups belongs to associations of private investors, the so-called business angels. If we evaluate the volumes of venture investments, then the investments of private investors there exceed the volumes of large institutional investors. Continue reading
INVESTMENTS IN UKRAINE: FAVORABLE, BUT TOO TOO RISK
Investors are withdrawing assets from Ukraine, because over the past two years it has become difficult and dangerous for them to work here. Even such a dedicated partner to Ukraine as the EBRD can reduce the amount of investment. The Ukrainian government calls the creation of a favorable investment climate one of the priorities of its activities. In particular, the Cabinet of Ministers regularly reports on the simplification of bureaucratic procedures for business. However, innovation does not make Ukraine more attractive to investors, criticized by experts interviewed by DW. “Over the last two years the investment climate in the country has deteriorated significantly. First of all, this is due to the deterioration of capital protection. Continue reading
Russian capital ousts the EU from the banking system of Ukraine
“Let me manage the money of the country, and I don’t care who sets the laws there,” these words of Rothschild are probably the basis of the redistribution on the Ukrainian banking market.
European banks withdraw their capital from Ukraine, offer their subsidiaries for sale or preserve them until better times. Frustrated Europeans sell their daughters much cheaper than they purchased. They are bought by people close to the government of Ukraine and Russia.
Since 2008, already 15 foreign banks have stopped working in the Ukrainian market. Only in 2012, seven foreign banks disappeared from Ukraine. According to the Austrian financial group Raiffeisen Bank International AG, the share of foreign banks (except for Russian banks) in the Ukrainian market continues to decline. At the end of 2012, the share was 20%, and within one or two years the share is projected to fall to the level of 2003 – 10%. Continue reading
