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Apr 10, 2014

Moritzzz Profile

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European business in current Ukraine

I see no surprise why most of our European businessmen, including investors from over 15 large European banks (for instance, Austrian Erste Group, German Commerzbank or Sweden SEB group) have to leave current Ukraine's market. Well, first of all they do it because they continue suffering significant losses and see no opportunities for their business' growing in conditions of rising economic and financial crisis there. But the main reason of their flying Ukraine is quite different, I think. There is no business confidence in our relations with Ukrainian partners now. And this situation is expected only to worsen. You see, European business that properly pay taxes, creating a greater part of this country's wealth now, is severely restricted as its security cannot be guaranteed in current Ukraine. Moreover, even from a year ago European business professionals signalize further increase of pressure on their business in Ukraine. Thus, in my opinion there is no use for us, Europeans, to develop our business activity there now.  (Apr 10, 2014 | post #1)