AMBASSADOR'S BLOG - BUSINESS IN UKRAINE: WAITING TO TAKE OFF?

Kyiv
22.09.10




With the coalition government in the UK placing a high priority on business, we've been reviewing some of the most promising areas in Ukraine to promote to British businesses.  It's easy to draw up a list, including oil and gas; aerospace; airport reconstruction; agriculture; and education. 

Many of these areas are familiar; and it is encouraging to hear continued reports, for example, that Ukraine could be nearing a breakthrough in encouraging foreign energy companies to come and invest.  But another key area of business potential is professional and consultancy services.  I'm reminded of this when I hold a reception at the residence for one  of the world's largest legal service providers.  The event is to mark the fifth anniversary of the company's opening in Kyv - which, it transpired, was also marked at the residence by an event hosted by one of my predecessors. 

The steady work being done by international professional and consultancy companies to improve the business infrastructure in Ukraine is a reminder that if the Ukrainian government can act successfully to improve the business climate - for example through a high quality new tax code - prospects for doing business here could, potentially, improve rapidly.

Leigh Turner
British Ambassador to Ukraine


NOTE:  You can read all of Ambassador Turner's blogs by visiting: http://blogs.fco.gov/roller/turner 



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