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Potential for German investors: entering the Ukrainian market

Published online by Cambridge University Press:  06 March 2019

Arthur Nitsevych

Extract

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Following the break-up of the USSR, the Ukrainian economy went into a lingering depression. In the last few years, however, its potential has been recovering: Ukraine is now one of the most successful of the former Soviet republics in attracting foreign investment. The main issue for a foreign investor is thus not whether to invest, but how best to enter the Ukrainian market.

Type
Private Law
Information
German Law Journal , Volume 5 , Issue 6 , 01 June 2004 , pp. 679 - 684
Copyright
Copyright © 2004 by German Law Journal GbR 

References

1 Knauf also unveiled a five-year investment plan envisaging pumping almost 31 million euros into the plant's modernization. Similarly, a subsidiary of Germany's Siemens AG agreed a 120 million euro contract in April this year to supply electrical equipment to a subcontractor for the Ukrainian state railway monopoly Ukrzaliznytsya, Siemen's largest order in Ukraine to date. Further, Dnipropetrovsk’ Ukraine-Canada Construction (founded in 2003) and the Canadian architectural and construction consortium, Corecan, has started a USD 140 million residential real estate development project in a suburb of Dnipropetrovsk.Google Scholar

2 E.g. Flemings/SARS Consortium, Report “The Legal and Economic Environment for Foreign Direct Investments in Ukraine”. On February 20, 2004, Ukrainian news reported the Ukrainian Finance Ministry as stating that “Financial analysts are predicting the phenomenal success of investments into Ukraine”, with the ministry basing its statement on recent research reports on Ukraine by Britain's Euroinvest business magazine, Germany's Commerzbank and U.S.-based investment firm Morgan Stanley.Google Scholar

3 Ukraine Country Commercial Guide FY 2004: www.usatrade.gov.Google Scholar

4 See www.welcometo.kiev.ua Google Scholar

5 See www.murs.com.ua/indexe.html Google Scholar

6 The Law does not make clear what it understands by ‘first rate banks'.Google Scholar

7 The State Statistics Committee of Ukraine: www.ukrstat.gov.ua Google Scholar