Ukraine is a risky country with big potential – survey

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According to the American Chamber of Commerce’s annual Ukraine Business Climate Survey, 82% of 110 top managers of member companies that took part in the survey plan to expand their business in Ukraine over the next five years.

88% of businesses surveyed are forecasting an increase in their revenues in 2019, 65% are increasing investments in Ukraine and 64% are reporting an improvement of the investment climate.

Ukraine remains most attractive for investors due to its talents [51%], low labor costs [51%], and considerable access to the European market [44%].

84% believe that Ukrainian state authorities are committed to further opening Ukraine’s market to foreign investment. Agriculture [85%] remains Ukraine’s most attractive industry to invest in, followed by IT [73%], and energy & renewables [45%].

The biggest obstacle for business in Ukraine remains the courts [74%] followed by tax authorities [51%] and law enforcement agencies [48%].

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