Two quotes from a recent Oxford Business Group Emerging Markets Briefing.
"While political squabbles continue, with new stand-offs between the president, the parliament and the prime minister over such questions as land sales and the presidential control of foreign policy, the business community is posting its forecasts of which way the economy is heading in 2007...
There is a mix of signs and opinions about which way the Ukrainian economic development is heading in 2007. However, the overall consensus is that the main story in Ukraine is still one of growth and unexplored opportunities for foreign investors. The most likely winners in 2007, it seems, however will be ground floor investors in most dynamic banking, real estate and telecoms sectors, which continue to provide the most compelling story of economic expansion."
So not all bad news..
2 comments:
Amazing.
Good prognostications are no surprise because they are based on past numbers and figures (esp. 2004/2005) and it is really ANNOYING to me that Yanukovych's govt should reap the benefits of Yushchenko's Presidency.
And the following has been true since Independence (1991) "The overall consensus is that the main story in Ukraine is still one of growth and unexplored opportunities for foreign investors."
The real question is not whether there are opportunities but will foreign investors be able to be in the buying market (will privatizations be handled in a transparent and legal manner?) and if there investments will be secure (unlike Shell Oil in Russia?)???
And will economic reform progress to free market or controlled market?
(more 100 mil. losses as the one Yanukovych govt created in the grain market in just a few months?)
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