The meeting of the leaders of Ukrainian and international companies was devoted to the assessment of the financial stability of Ukraine. Syutkin and Partners Law Firm (now S&P Investment Risk Management Agency) and DHL Express UKRaine.
October 5, 2016
The 8th Kyiv Post CEO Breakfast was held on October 5, 2016. The meeting of the heads of Ukrainian and international companies was dedicated to the assessment of the financial stability of Ukraine. The meeting was sponsored by Syutkin & Partners Law firm (now S&P Investment Risk Management Agency) and DHL Express Ukraine.
Ukraine has come out of the economic crisis, but it has to go a long way towards financial stability and attracting foreign investment. Against this backdrop, there was a debate on whether the National Bank of Ukraine should abolish currency restrictions to allow companies to repatriate profits from the country. The NBU, concerned about the outflow of capital, noted that restrictions could be relaxed only gradually, as economic conditions will improve.
Some politicians in Ukraine note a good education of citizens and low wages as attractive for investors, but one of the CEO breakfast disputants said that low wages are not a competitive advantage, since this means a low purchasing power of consumers.
Corruption, bureaucracy and excessive regulation of business by the authorities remain the main “black spots” on the reputation of Ukraine for investors.