Corruption Tops War as No. 1 Hurdle to Ukrainian Investments
- Investment Promotion Office head says ‘success stories’ needed
- Government planning to attract $4.5 billion of FDI this year
The conflict in eastern Ukraine has been rumbling on for almost three years.
Photographer: Viktor Drachev/TASS via Getty ImagesThis article is for subscribers only.
The almost three-year-old conflict in eastern Ukraine has weighed on efforts to remake the former Soviet economy. But when it comes to investments, it’s not been the biggest drag.
“Investors see three main problems in Ukraine: corruption, corruption and corruption,” said Daniel Bilak, chief investment adviser to Prime Minister Volodymyr Hroisman. To rebrand itself, the country needs to highlight “success stories” rather than “permanent conflict and graft,” he said Monday in an interview in Kiev, the capital.