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You're reading: Back to the Cafe in Shanghai

In the article I imagined hard-bitten investors sitting in Shanghai wondering where in the world to invest their money, from China to India to Germany to Bahrain to Brazil to the United Kingdom and elsewhere.

I said that: “For the sake of Ukraine I hope that the Ukrainian authorities – including whatever administration emerges after the presidential election next January [2010] – can implement the measures needed to persuade all investors, whether in the UK or in that cafe in Shanghai, that this week, this month, this year, Ukraine is one of the best places in the world to invest their money.”

Unfortunately, the news on the investment climate since then has been mixed. The closely-followed Investment Attractiveness Index published by the European Business Association in Kyiv recently reported that investors’ confidence had fallen dramatically in the third quarter of 2011 from 3.39 to 2.56 – its lowest level since 2009, when Ukraine was feeling the impact of the global economic crisis.

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