It’s lovely to see Ukraine recognize the obvious: Its foreign investment climate needs improvement.
Boris Lozhkin went from being President Petro Poroshenko’s chief of staff to secretary of the National Investment Council while Daniel Bilak, a prominent lawyer, is director of Ukraine Investment Promotion Office.
But when it comes to easy remedies – like welcoming foreigners who live and work here – Ukraine is still stuck in the Soviet past. Foreigners have to annually renew work and residency permits, after going through medical exams and document checks to get the permissions initially. Visitors are still limited to 90-day stays.