On
Tuesday, Ukraine Interfax published a press interview with President
Yanukovych where the focal point of the discussion was Ukrainian policy
towards foreign investments.*
“The fact that foreign investors take interest in Ukraine shows that
the authorities' investment policy is effective,” stated Ukrainian
President Viktor Yanukovych during an interview while on his visit to
the United States.
The President reported that he had met with representatives of the
Chevron and ExxonMobil Exploration companies in Chicago. Mr. Yanukovich
mentioned that big companies are eager to work in Ukraine, which shows a high level of cooperation between the government and
investors.mentioned that big companies are eager to work in Ukraine, which shows a high level of cooperation between the government and
“Today Ukraine offers favorable conditions for investors,” the
President stated. "We can offer rules that satisfy them [investors]."
According to President Yanukovych, such companies will invest a lot
into Ukrainian economy both in the near future and long-term. In
return, Ukraine will receive oil and gas.
The President also mentioned that the Ecology and Natural Resources
Ministry of Ukraine and ExxonMobil Exploration Company had signed a
memorandum of cooperation.
In the UInvest World comprised of individual private investors who
have significantly smaller amounts to invest in Ukrainian businesses,
this statement translates into additional reassurance coming from the
lips of the country leader about the government’s commitment to create
favorable conditions for foreign investors, which includes development
of solid legal and administrative base.
We encourage all UInvestors to educate themselves as much as
possible in order to make informed decisions and maximize their return
on investment.
