Estonian premier notes improvement of investment climate in Ukraine

Published April 12, 2013 at 12:44 pm

BELGIUM, Brussels : Estonian Prime Minister Andrus Ansip arrives at the EU Headquarters on March 14, 2013 in Brussels, on the first day of a two-day European Union leaders summit. European Union leaders try Thursday to find a difficult balance between austerity policies adopted to cut debt and calls to spend more to generate growth and jobs in an economy stuck in the doldrums.

Photo by AFP

Estonia's Prime Minister Andrus Ansip has said there has been an improvement in the investment climate in Ukraine in recent years.

During a meeting with Ukraine’s Income and Tax Minister Oleksandr Klymenko in Kyiv on Friday, Ansip noted that the rules for doing business in Ukraine have become clearer to Estonian businessmen.

“My business delegation, for instance, includes representatives who are investing $100 million in Ukraine. There are other representatives that have invested around $30 million. As I said, it [the market] has become more predictable, and this has brought more willingness to invest in Ukraine. Predictability is the most important thing for businessmen, and a stable investment climate is also very important,” the prime minister said.

Ukraine currently has 460 companies with Estonian investments.