Raiser: ‘A lot more has to be done’ to attract foreign investment in Ukraine

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Feb. 3, 2011, 11:21 p.m. | Business — by Kateryna Panova

Martin Raiser, World Bank country director for Belarus, Moldova and Ukraine.

World Bank country director for Belarus, Moldova and Ukraine speaks with the Kyiv Post.
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Anonymous Feb. 6, 2011, 1:05 a.m.    

What holds investment at bay is Ukraine's corrupt climate. No one wants to see their money vanish in a corrupt sewer hole. Throw into the mix the dysfunctional and corrupt judicial system.....and investors stay away in droves. There is nothing predictable in this byzantine and dysfunctional land.

Ukraine's loss of honest investment is another countries' gain.

Even Ukraine's all pervasive mafia launder their money in foreign countries....they steal...but don't invest.

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Anonymous Feb. 8, 2011, 2:59 p.m.    

Yes but my Son, he has business, Bentley and investment bank! So, the people of Ukraine? Let them eat bread.. we need no foreign investment! We have all of the money we need and our businesses are doing just fine. Why fix what is not broken? It works just fine for me and my family, close friends and cell mates.

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Anonymous Feb. 6, 2011, 1:08 p.m.    

The world bank is a tool of the jew and the new world order.

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Anonymous Feb. 8, 2011, 2:51 p.m.    

Ukraine wants the investors but the Oligarchs don't want the competition. It is a double edged knife that only cuts the investors. Ukraine is famous for ignoring violations from domestic companies and then layering bureaucratic soviet poison on top of any foreign company. Ukraine is far too risky for mid level investors with it's shadow business/ political brotherhood that are connected so deep it would take 2 full generations to separate the two. Even big global companies realize that at the end of the day doing business in Ukraine is not worth the hassle of crawling through pointless bureaucracy that has no purpose in modern business. There are just too many other places with educated work forces and governments who are committed to doing business(look at HP and Ikea). The current government included Ukraine has proven time and time again that the country is not ready to escape the Soviet style of multi-layered restrictions that prevent all business and investment from being a valid option of returns on investment (except those select few with the power and influence to bypass the bureaucracy. Investing in Ukraine requires 1) Oligarch backing 2) Political connection 3) a global powerhouse company with enough power and resources to protect yourself in an international court that can not be purchased or pressured. Yes allot has to change before investing in Ukraine makes sense to anyone except Russian Oligarchs who are already having a field day now that they have been given a &quot;free pass&quot; on Ukraine.

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