Foreign investment to “rip into” Ukraine

More than half of investors, 53.7%, plan to put more capital into Ukraine in the next six months. However, 24.4% remain cautious with their plans or are not ready to commit yet. Such were the results of an investor survey in Q1 2010 taken by the International Bleyzer Fund.

A majority of the respondents, 61%, planned to invest in other countries in the next six months, while 20% favored Ukraine as an investment locale over other Central and Eastern European countries. Going on half, 43.9%, plan to create new jobs at their existing Ukrainian businesses in the next six months. Only 2.4% of those surveyed intend to cut back on jobs, while the remaining half, 53.7%, currently do not intend to make any changes in their workforce size. According to this survey, the biggest risk for most investors who want to invest in Ukraine is macroeconomic instability at this point.