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EBA Meeting with Volodymyr Lavrenchuk and Pavlo Sheremeta in Kharkiv

06/ 06/ 2018
  Economic and financial forecasts are always relevant to any business, especially when you hear it directly from Volodymyr Lavrenchuk, Raiffeisen Bank Aval Board Chairman and EBA Vice-President, and Pavlo Sheremeta, Ukrainian economist, Minister of Economic Development and Trade (2014), at the meeting with the Association CEOs. The guests shared the official position of Raiffeisenbank Aval and their vision of the situation on financial markets and investment climate. According to Volodymyr Lavrenchuk, the Ukrainian economy is currently not producing the conditions for the development of the capital, and without external assistance it will be difficult. But in spite of this, we are stably optimistic, because it is not yet a crisis. Moreover, the investment climate is already better than last year, there is a strong interest in such areas as renewable energy, biochemistry, IT and agriculture. However, Pavlo Sheremeta notes that such a lull in financial markets still does not calm down. On the part of the investor, there is a clear distrust, because the economy, unfortunately, is inseparable from politics, and for many years a lot has changed, but not the system. There were a lot of questions and suggestions from the guests to the speakers, which is always good, because the European Business Association is working on the improvement of the investment climate in Ukraine. We are grateful to Mr Lavrenchyk and Mr Sheremeta for interesting meeting and open dialogue!

Economic and financial forecasts are always relevant to any business, especially when you hear it directly from Volodymyr Lavrenchuk, Raiffeisen Bank Aval Board Chairman and EBA Vice-President, and Pavlo Sheremeta, Ukrainian economist, Minister of Economic Development and Trade (2014), at the meeting with the Association CEOs. The guests shared the official position of Raiffeisenbank Aval and their vision of the situation on financial markets and investment climate.

According to Volodymyr Lavrenchuk, the Ukrainian economy is currently “not producing” the conditions for the development of the capital, and without external assistance it will be difficult. But in spite of this, “we are stably optimistic”, because it is not yet a crisis. Moreover, the investment climate is already better than last year, there is a strong interest in such areas as renewable energy, biochemistry, IT and agriculture.

However, Pavlo Sheremeta notes that such a “lull” in financial markets still does not calm down. On the part of the investor, there is a clear distrust, because “the economy, unfortunately, is inseparable from politics, and for many years a lot has changed, but not the “system”.

There were a lot of questions and suggestions from the guests to the speakers, which is always good, because the European Business Association is working on the improvement of the investment climate in Ukraine.

We are grateful to Mr Lavrenchyk and Mr Sheremeta for interesting meeting and open dialogue!

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