ACHIEVEMENTS IN ECONOMY AND INVESTMENT CLIMATE
For the fourth straight year, Ukraine showed some of the best macroeconomic
performance in Eastern and Central Europe in 2003. After a slight slowdown
in economic growth in 2002, Ukraine's economy demonstrated a remarkable
GDP growth rate of 9.4% in 2003,despite huge shortfalls in agriculture.
This rate of growth was the highest since Ukraine's independence. Buoyant
domestic consumption, a favorable external environment and continuing investment
expansion contributed to the country's robust GDP growth, which has continued
during the first half of 2004.
The major sectors that drove economic growth during 2003 were the
processing industry (in particular, metals, machine building and food processing),
construction, transport, and wholesale and retail trade.
Despite the uncertainties associated with the Presidential elections of
2004, the excellent macroeconomic performance in the country over the last
four years as well as the progress in tax reform and the WTO accession progress
is sending positive signals to the international investment community.
Net Foreign Direct Investment (FDI) inflows have increased significantly
in 2003, underlining an improved investor attitude towards the country.
Over the year, net FDI reached $1.4 billion, the largest annual inflow since
Ukraine's independence. This corresponds to about 3%of Ukraine's GDP.
Ukraine continues to progress in most areas of macroeconomic performance,
with good economic growth, sound fiscal policies, low inflation, foreign
exchange stability, low external debt, and a good balance of payments.
Written with the materials of:
www.sigmableyzer.com - SigmaBleyzer, Ïa Premier Investment Banking Group
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| COMPANY NEWS | 18-11-2008
EBS Newsletter - Issue 9
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As Helen Volska, Managing Partner and Director of EBS, stated: “10 years is the first significant milestone. We have achieved much during this period and I sincerely believe that these 10 years are only the beginning, the first steps!” | 04-08-2008
Mystery guest for Canada Day Celebration
The Canadian community here in Kyiv gathered together to celebrate Canada Day, the 1st of July at their embassy | 05-06-2008
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Ukraine’s a winner in an international investment arbitration dispute under the Energy Charter Treaty
On March 26, 2008, the arbitration tribunal rendered a unanimous decision, in which they confirmed that the case was in their jurisdiction, despite a number of the Respondent’s objections and dismissed the Respondent’s counterclaim | 23-05-2008
EBS is a Professional Partner of the #1 competition in the World
On May 22nd, 2008 the official opening ceremony for the #1 competition on strategic management, the Global Management Challenge, was held in one of the Kyiv’s finest restaurants- “Soho” | 22-04-2008
One more victory for Ukraine in an International Arbitration Dispute at ICSID
An international investment arbitration dispute between Tokios Tokeles and Ukraine, which has been on-going for over four years concluded with a victory for the Ukrainian side. |
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