In Focus (#12 December 2010)

Challenges Remain

It is already a tradition that the Ukrainian currency regulation framework is included in the list of key constraints to foreign investment coming into the country. Why is this the case? Basically, the currency regulation regime partly determines the investment attractiveness of every state. In the course of overcoming consequences of the financial crisis and stopping the outflow of investment from Ukraine, Parliament has adopted legislation imposing a set of limitations on investment, lending transactions, payments with non-residents, etc. Practice has shown that investors received additional organizational, financial and time obstacles as well as monetary risks. In order to rehabilitate and revive credibility, the new act dated 27 April 2010 has abolished striking restrictive and burdensome measures. However, this is likely to be only a first positive step towards pending reform of the system as such.

So, the last issue of the UJBL of 2010 takes an in-depth look into the currency regulation aspect of investment processes in our country and will be of informative value for everybody doing business in Ukraine.

Happy reading,
Olga Usenko

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