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Written question asked by Lord Patten (Conservative) on Thursday, 15 September 2016, in the House of Lords. It was due for an answer on Thursday, 29 September 2016. It was answered by Lord Price (Conservative) on Thursday, 29 September 2016 on behalf of the Department for International Trade.


Overseas Investment: Ukraine

Question

To ask Her Majesty’s Government what assessment they have made of the opportunities for inward investment to the Ukraine by UK companies.

Answer

There are a number of areas of potential interest for UK investors in Ukraine, including Agriculture, Energy and Infrastructure.

Ukraine has recently been moving up the World Bank Doing Business survey (now 83, up 5 places from 2015) but it continues to lag on the Corruption perception index (142 out of 175 countries ranked).

Ukraine’s Government is keen to attract foreign investors and is taking steps towards improving the business climate and the UK Government is providing assistance e.g. with the recent establishment of an Anti-corruption Bureau and Business Ombudsman which has been positively received by business leaders. But more still needs to be done.


Secondary information

Type
Written question
Reference
HL1965
Session
2016-17
Subjects
Overseas investment Ukraine
Link
View this Written question on www.parliament.uk