12 February 2015

Increase In Business Confidence in Ukraine Despite War In The East

A quarterly survey by EBA of business confidence in Ukraine has shown an increase from 2.17 out of 5 to 2.7 for the second quarter, 2014.

Only 4% of the negative changes are related to the outflow of Russian investment and the sharp reduction of economic ties with Russia. The business community is more influenced by the appointment of a new president and government and by the signing of the Association agreement with the EU. 40% of respondents considered these factors positive.

There is still concern about government actions to reform, reduce corruption and improve the business environment, with 19% of respondents believing that not enough action has been taken. However, 60% of respondents understood that the war in the East constrains reform and is destabilising the country.

If the conflict in the East can be ended, or at least subdued, it is likely that there will be a sharp further increase in business confidence and increase of investment into Ukraine.

  • 29 August 2019

    Forget Paris. Visit Kiev

    Tourism in Paris and in France is declining, due to civil disturbance and terrorism. Hotel tracking companies have reported occupancy declines of as much as much as 7% in Paris since November 2018. But for the traveller looking to visit an historic capit
  • 19 August 2019

    Lviv and Carpathian resort a tourist hotspot in Europe

    Lviv city with its neoclassical architecture and the beautiful Carpathian nearby is an attractive mix that is drawing more and more tourists. The former head of the Lviv regional administration, Oleh Syniutka, estimated at the growth in tourism was not le
  • 31 July 2019

    Paris Hilton in talks to buy health resort in the Carpathians

    Paris Hilton, heiress of the Hilton hotel chain, is planning on purchasing the Derenivska Kupil health resort complex, which is located in the foothills of the Carpathian mountains, near Uzhgorod city. It is planned to hold a beauty contest in the newly