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What is CEOs opinion about opening up the land market in Ukraine?

09/ 12/ 2019
  70% of CEOs of the EBA member companies support the opening of the land market and its sale to foreigners, while only 30% of respondents oppose it. Such data was obtained in the framework of the Associations research - Investment attractiveness index for the second half of 2019. Nowadays, the land issue in Ukraine is quite regulated and politicized. Therefore, it is important to talk about the need for transparent procedures and a reduction in bureaucratic processes when it comes to land reform. Obviously, a transparent land market is needed to improve investment attractiveness in Ukraine as transparency and predictability of the regulatory field is very important for foreign investors. According to the Investment Index, only 17% of investors find the investment climate attractive. Among the positive aspects, the respondents highlighted on 9 components: the start of the reform of the land market, gradual stabilization of the political situation, stable national currency, reform of the Tax and Customs services, the launch of the concession mechanism, the start of the Supreme Anticorruption Court, decrease in inflation, the abolition of dividend repatriation limits, increase in consumer buying power.  The agricultural market in Ukraine is an attractive investment area. However, it is important to have a comprehensive strategy to maximize the efficiency and quality of this resource with the highest returns for the country. At the same time, it is important to ensure that the basic changes in the country are implemented. The business community has repeatedly emphasized this and the results of the poll confirmed the position one more time Thus, 37% think that the investment climate is rather unfavorable, and among the reasons are: high level of corruption, weak judicial systems, labour migration. Entrepreneurs also complain about the hasty and unsystematic work on tax changes, the slow de-bureaucratization of business processes, the situation around the National Bank and pressure from law enforcement agencies, the slow modernization of infrastructure, the potential breakdown of cooperation with the IMF, the turbo regime of the new government and populism. So, business community hopes to see tangible changes in these areas next year.

70% of CEOs of the EBA member companies support the opening of the land market and its sale to foreigners, while only 30% of respondents oppose it. Such data was obtained in the framework of the Association’s research – Investment attractiveness index for the second half of 2019.

Nowadays, the land issue in Ukraine is quite regulated and politicized. Therefore, it is important to talk about the need for transparent procedures and a reduction in bureaucratic processes when it comes to land reform. Obviously, a transparent land market is needed to improve investment attractiveness in Ukraine as transparency and predictability of the regulatory field is very important for foreign investors.

According to the Investment Index, only 17% of investors find the investment climate attractive. Among the positive aspects, the respondents highlighted on 9 components: the start of the reform of the land market, gradual stabilization of the political situation, stable national currency, reform of the Tax and Customs services, the launch of the concession mechanism, the start of the Supreme Anticorruption Court, decrease in inflation, the abolition of dividend repatriation limits, increase in consumer buying power. 

The agricultural market in Ukraine is an attractive investment area. However, it is important to have a comprehensive strategy to maximize the efficiency and quality of this resource with the highest returns for the country.

At the same time, it is important to ensure that the basic changes in the country are implemented. The business community has repeatedly emphasized this and the results of the poll confirmed the position one more time Thus, 37% think that the investment climate is rather unfavorable, and among the reasons are: high level of corruption, weak judicial systems, labour migration. Entrepreneurs also complain about the hasty and unsystematic work on tax changes, the slow de-bureaucratization of business processes, the situation around the National Bank and pressure from law enforcement agencies, the slow modernization of infrastructure, the potential breakdown of cooperation with the IMF, the turbo regime of the new government and populism.

So, business community hopes to see tangible changes in these areas next year.

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