EBRD: Investment climate reforms have advanced in Ukraine

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by fabian-blan

According to the Transition Report for 2018-2019 of the European Bank for Reconstruction and Development (EBRD), the investment climate reforms have advanced in Ukraine but significant challenges remain.

In February 2018, the parliament passed a law to establish an NBU-based centralized credit registry to foster information exchange and credit risk assessment by banks. A number of gaps undermining creditors’ rights protection were targeted by the law on resumption of lending, adopted in July 2018.

The landmark legislation for the establishment of the High Anti-Corruption Court was adopted in June 2018, despite strong political resistance. At the same time, asset declaration requirements for non-governmental organizations and board members of SOEs have not been abolished. The National Anti-Corruption Bureau of Ukraine (NABU) continues to face pressures and attempts to compromise its investigative activities.

However, weaknesses in Ukraine’s business environment are still reflected in the low scores with respect to resolving insolvency, getting electricity, trading across borders and protecting minority investors.

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