Investors never know whether anything they own legally will be taken away from them. To those prepared to take risks in exchange for potential big profit margins – welcome to Ukraine.
This week has presented a number of cases illustrating just how frustrating and scary it is to do business in Ukraine, and why the nation occupies the lousy 134th spot in the World Bank’s ranking of doing business among 185 economies. In fact, recent events make one think that the assessment is way too optimistic as major international and local investors are currently struggling with, including McDonald’s, UkrSotsBank, London & Regional Properties (the owner of Globus shopping mall), Vitmark (owned by Horizon Capital, an internal investment fund), Swissport (owned by a French private equity company), and many others.
Here are some of the stories: