UKRAINE BREAKING NEWS: (1) The Deputy Minister of Defense, who was in charge of finance, was fired + (2) Ukraine's investment climate has improved: the EBA index has risen

 

The Deputy Minister of Defense, who was in charge of finance, was fired

Tuesday, November 5, 2024, 2:16 PM - Arthur the Cross

10102 views

Yuri Jigir

The government has fired Deputy Defense Minister Yuri Jigir.

About it reported posteo-secretary of the Cabinet of Ministers in the Verkhovna Rada Taras Melnychuk.

"Jigir Yuri Anatoliyovych was fired as Deputy Minister of Defense of Ukraine, "he said.

Yuri Jigir was appointed Deputy Minister of Defense September 27, 2023. dealt with finance issues.

From late July 2018 to March 2020, he served as Deputy Minister of Finance.

Ukraine's investment climate has improved: the EBA index has risen

Tuesday, November 5, 2024, 18:00 - Alexei Artemchuk
273 views

Ukraine's investment attractiveness index rose to 2.49 points in 2024 (from 5 possible) from 2.44 points in 2023. 
About it reported from European Business Association (EBA) research data in partnership with NEQSOL Holding..

• From 84% last year to the current 79%, the number of business leaders who consider the investment climate in Ukraine unfavorable has decreased. 
• Among them, 20% consider it extremely unfavorable. 
• The EBA notes that the share of such respondents has been steadily declining since 2022 – from 53 to the current 20%. Neutrally, the current investor climate is estimated by 12% of top managers (7% last year), and 9% consider it favorable.

The overall assessment in 2023-2024 is comparable to the estimates of the investment climate in the "reference" 2020.

• The assessment of the dynamics of the investment climate remains constant against 2023. 
• Almost half of respondents, namely 49%, believe that the investment climate has deteriorated, 
• 39% do not see significant changes and 
• 12% believe that the investment climate has improved.

From last year's 57% to the current 70%, the number of companies that have plans to continue investing despite the war has increased. 

• At the same time, only 17% believe that new investors will benefit from investing in Ukraine (32% in 2023, 17% – in the second half of 2022).

It is noted that in the next half of the year, 49% of SEA expect a further deterioration of the investment climate in Ukraine, 

• 33% do not expect change, and 
• 18% hope for improvement

Ukraine's investment attractiveness index rose to 2.49 points in 2024 (from 5 possible) from 2.44 points in 2023. 
About it reported from European Business Association (EBA) research data in partnership with NEQSOL Holding..

• From 84% last year to the current 79%, the number of business leaders who consider the investment climate in Ukraine unfavorable has decreased. 
• Among them, 20% consider it extremely unfavorable. 
• The EBA notes that the share of such respondents has been steadily declining since 2022 – from 53 to the current 20%. 
• Neutrally, the current investor climate is estimated by 12% of top managers (7% last year), and 9% consider it favorable.

The overall assessment in 2023-2024 is comparable to the estimates of the investment climate in the "reference" 2020.

• The assessment of the dynamics of the investment climate remains constant against 2023. 
• Almost half of respondents, namely 49%, believe that the investment climate has deteriorated, 39% do not see significant changes and 12% believe that the investment climate has improved.

From last year's 57% to the current 70%, the number of companies that have plans to continue investing despite the war has increased. 

• At the same time, only 17% believe that new investors will benefit from investing in Ukraine (32% in 2023, 17% – in the second half of 2022)

Russian military aggression continues to lead the list of factors of negative impact on the investment climate, followed by corruption and a weak judicial system, a shadow economy, attacks on the Ukrainian energy system. 

According to 81% of surveyed companies, Ukraine's investment attractiveness is negatively affected by restrictions on foreign exchange transactions.

Factors of positive influence include 

• giving Ukraine candidate status to join the EU, 
• abolishing customs and quotas on Ukrainian exports, 
• "transport visa-free" with the EU, 
• digitalizing public services and 
• the EU's combined energy system.

Let's remind

Member companies of the European Business Association (EBA) hope that instead of №11416-d on raising taxes for government business, it will be possible to formulate rules that will help fill the state budget in another way.

GT Invest

7 hours ago

70% of Surveyed Companies Plan to Invest in Ukraine Despite Ongoing War, Reveals New Study - GTInvest

GMK Center

Ukraine's economy is forecast to grow by 3-5% in 2024 — analysts — GMK Center