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You're reading: European Business Association: Trust of investors in Ukraine before election plunges to record low indicator
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The press service of the European Business Association (EBA),
according to the investment attractiveness index of Ukraine (103 top
managers of companies that are EBA members took part in the poll), the
trust of business in the Ukrainian economy fell even compared to the
previous quarter by 0.5 notches. The main problems prompting the
negative assessments of the respondents remained unchanged – fiscal
pressure, corruption and the unstable political situation before the
election.

“We see now that the circle of problems that investors face has not
changed – corruption, dependency of legislation, overregulation of the
market, fiscal and administrative pressures. What caused the sharper
fall in the level of trust of business? The answer can be found in
pre-election instability, disharmony of strategies and promises of
political forces: everything affects the mood of investors,” said Hanna
Derevyanko, the EBA’s executive director.

EBA President and Dragon Capital CEO Tomas Fiala said that the fall
in the index indicators reflects the slow in the pace of growth in
industrial, farming and construction sectors.

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