Participants of Dragon Capital’s 12th Ukraine Investor Conference Share Views on Ukraine
During the morning sessions of Dragon Capital’s 12th Annual Ukraine Investor Conference held on March 10-11, participating international and local investors as well as representatives of Ukrainian companies were asked to electronically vote on a number of questions regarding their perception of Ukraine’s investment climate, economic and political prospects as well as progress in fighting corruption over the past year.
Questions posed during Panel I: Discussion with Government
1. How would you assess Ukraine’s progress in structural reforms over the past year?
It has done as much as it could — 6.48%
It has done something, but not enough — 68.52%
It has done very little — 25%
2. Which of the following would be the strongest confidence boost for investors in Ukraine?
Put the IMF program back on track — 8.85%
Step up fight against corruption – 70.8%
Streamline government and reduce state interference – 8.85%
Complete tax reform – 2.65%
Solve the conflict in the east — 8.85%
3. Compared to a year ago, your perception of Ukraine as an investment destination has:
Improved – 33.93%
Not changed – 37.5%
Worsened – 28.57%
Questions posed during Panel II: Discussion with NBU and IFIs
1. When do you expect the Ukrainian economy to return to sustainable growth?
In 2016-2017 — 24.72%
In 2018-2019 — 44.94%
From 2020 — 19.1%
Economy will remain prone to instability in foreseeable future — 11.24%
2. Ukraine’s biggest obstacle to economic growth and development is…
Inefficient economic structure inherited from Soviet time — 3.45%
Corruption and lack of rule of law — 63.22%
Entrenched vested interests (oligarchs) — 12.64%
Political infighting and lack of strong leadership — 18.39%
Russian aggression — 2.3%
3. Which should bethe West’s priority in dealing with Ukraine?
Continue financial assistance conditioned on reforms — 52.27%
Focus on long-term goals such as development of civil society and its institutions to foster reforms — 28.41%
Maximize diplomatic effort to solve Donbas conflict — 10.23%
Other — 9.09%
Questions posed during Panel II: Civil Society and Corruption Fight
1. Ukraine’s greatest asset is its:
Geography and natural resources — 37.36%
Human capital — 49.45%
Political elite — 3.3%
Civil society — 9.89%
2. How would you assess Ukraine’s progress in fighting corruption over the past year?
It has done as much as it could — 1.02%
It has done something, but not enough — 32.65%
It has done very little — 66.33%
3. Based on progress to date, what should be the priority area for Ukraine to fight corruption going forward?
Judiciary and law enforcement — 70.83%
Civil service and government system overall — 7.29%
Privatization of state enterprises, open public tenders — 16.67%
Other — 5.21%
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