President Viktor Yanukovych began his term in office promising to make our country one of the world's most attractive destinations for investment. Results so far are, at best, mixed.

Specialists praise the government for bring stability to policymaking after years of squabbling under former President Viktor Yushchenko and his Prime Minister Yulia Tymoshenko.

They also gave the thumbs up to attempts to start economic reforms, such as the new tax code and cutting bureaucracy when opening a business.

Foreign investment is inching back up, but is still down on pre-crisis levels - and miniscule comparing to the investment pouring into to other developing economies.

To begin with good news: The stability of current Ukrainain authorities has brought some confidence back to investors.

The European Business Association's investment attractiveness index has crawled upward since the presidential election last year, and has now reached the level of 2008, before the crisis hit.

The International Monetary Fund has restarted work with Ukraine last year, which provides a great stimulus for reforms, according to Jorge Zukoski, President of the American Chamber of Commerce in Ukraine.

While the process and result was far from perfect, adoption of the new tax code last year and introduced at the start of this year, fueled much debate and dialogue about how such legislation should look.