Responsible business conduct (RBC) is recognised as an important part of the investment climate and is increasingly integrated within public policies aimed at attracting better investment and enhancing sustainable development.
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.
This project supports Ukraine in its fight against corruption with a view to to strengthening the country's legal and institutional capacity to effectively detect, investigate and prosecute high-profile and complex corruption.
The purpose of this workshop was to share information with the Ukrainian authorities about the obligations of governments under the OECD Declaration on International Investment and Multinational Enterprises related to the OECD Guidelines for Multinational Enterprises, one of four instruments of the Declaration.
Widespread corruption was one of the main reasons that led to the change of the political regime in Ukraine in 2014. The new administration pledged to fight corruption, a challenging task in the current context of the economic crisis and military conflict in the East of the country.
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The Istanbul Anti-Corruption Action Plan reviews the legal and institutional frameworks for fighting corruption, makes recommendations and monitors progress in implementing the recommendations. This report contains the results of round 3 monitoring in Ukraine.
This report examines the key policies that would increase competitiveness in the Eastern Europe and South Caucasus region through developing human capital, improving access to finance for SMEs and creating more and better investment opportunities.
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Ukraine has made good progress across a broad front of legal and regulatory issues concerning the general business climate, but the country still needs to address major challenges. From the perspective of investors and legal analysts, a lack in consistency and coherence of legislation can affect investment decisions. Another issue is the institutional capacity of Ukrainian authorities and the judiciary to implement the legislation.
The primary purpose of this meeting was to better assess the current situation and needs of the legal landscape with regard to business, identify priorities in the field of investment and private sector development, both domestic and foreign, and to gather experiences from various stakeholders in order to develop a set of recommendations on how to further improve the business climate in the Ukraine.
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This article, by Mehmet Ögütçü and Jaroslav Kinach, was published in the October 2002 edition of the OECD Observer.