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Excerpt from executive summary regarding Ukraine by US Department of State

Flag_of_the_United_States_Department_of_StateThe government announced its intention to return Ukraine to the path toward closer integration with Europe and the West and to revitalize the stagnant economy.  Prime Minister and his cabinet have engaged positively with the U.S. and European countries, and have already made a number of difficult decisions necessary to take Ukraine in  the right direction.

Ukraine has demonstrated its willingness to improve the business climate by passing several measures to improve the ease of doing business,  including two laws to improve procedures for obtaining permits and to reduce the number of permits required for doing business.

There are no legal restrictions on the free flow of financial resources needed to support growth in the product/factor markets.  Credit is largely allocated on market terms and foreign investors are able to get credit on the local market , utilizing a variety of credit instruments.

Ukraine has a well-educated and skilled labor force (about 21-22 million people) with nearly a 100% literacy rate.

The recent changes and great labor potential, together with geographical location makes Ukraine considerably one of the most promising FDI attractive country nowadays.

Read more: http://www.state.gov/documents/organization/227512.pdf


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