The time has come when Ukraine begins to experience an urgent need for foreign investments. Ukrainian companies do not get enough profits to reinvest the money into their development. The capitals that were once taken by Ukrainian businessmen to offshore companies, begin to come back little by little, but cannot provide enough cumulative boost for the Ukrainian economy.

Foreign investors may find it worthwhile to invest into the Ukrainian economy, even though the risks connected with the instability of the political situation have not been eliminated. The rate of growth of the Ukrainian GDP against the general background of the slowing down of the rates of economic development in the rest of the world, looks encouraging enough to attract investments.

Main obstacles for investors — instability of the rules of the game at the market, government’s attempts to interfere in or control the economy, and corruption of the local authorities — have not been removed either. However, a positive factor for attracting long-term investments is introduction of private ownership of land introduced in 2004, in accordance with the new Land Code, all the land resources must find their owners.

Of a considerable importance is the continuous successful realization of the budget by the government, the absence of a budget deficit, in spite of an increase in the minimal wage (which affected mostly the salaries of employees working at the state-run institutions funded from the central budget, like schools, research centres, hospitals, etc). The government’s initiatives directed at carrying out a number of reforms, in taxation in particular, and joining the World Trade Organization, make the agents operating at the Ukrainian market feel quite optimistic about the future.