Ukraine’s post-Maidan authorities have embarked upon an ambitious reform programme
to improve the country’s framework for investment and strengthen the country as an
attractive investment destination. This review, which was prepared in close cooperation
with the Ukrainian authorities in response to their 2011 request to adhere to the
Declaration on International Investment and Multinational Enterprises (OECD Declaration),
analyses the general investment framework as well as recent reform, and shows where
further efforts are necessary. It assesses Ukraine’s ability to comply with the principles
of openness, transparency and non-discrimination and its policy convergence with international
investment standards such as the OECD Declaration. In light of the recently updated
OECD Policy Framework for Investment, it also studies other areas such as investment
promotion and facilitation, infrastructure development; financial sector development
and responsible business conduct practices. In the scarcely two years since a new
attempt at economic reforms was launched in earnest, Ukraine has made quite important
progress in introducing a modern legal framework for investment. But additional efforts
are required in some policy areas to reaffirm Ukraine’s attractiveness for investors.
These country reports present an overview of investment trends and policies in the countries reviewed. This can include investment policy, investment promotion and facilitation, infrastructure, competition policy, trade policy, tax policy, corporate governance, responsible business conduct, public governance, and human resources. Priority countries for review are those showing potential for adherence to the OECD investment instruments.