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OECD Investment Policy Reviews: Ukraine 2011 - Product Image

OECD Investment Policy Reviews: Ukraine 2011

  • ID: 1861898
  • July 2011
  • Region: Ukraine
  • 148 Pages
  • OECD Publishing

The 2011 OECD Investment Policy Review of Ukraine assesses the country’s ability to comply with the principles of liberalisation, transparency and nondiscrimination and to bring its investment policy closer to recognised international standards such as the OECD Declaration on International Investment and Multinational Enterprises (MNEs). Based on the OECD Policy Framework for Investment, the Review considers the interaction and coherence of investment policy with other areas such as investment facilitation, trade and competition policy as well as responsible business conduct practices critical for enhancing the investment climate.

It also highlights specific challenges faced by Ukraine to attract investment in support of energy efficiency. The Review shows that Ukraine has made progress in developing a legal framework for attracting foreign direct investment (FDI), but implementation problems continue to affect domestic and foreign investors alike and prevent the country from mobilising private investment commensurate with its economic potential and investment needs.

In line with recent world investment trends, Ukraine’s FDI inflows declined considerably in READ MORE >

Executive Summary and Policy Recommendations

Chapter 1. Ukraine’s Opening to International Investment
-After peaking in 2008, FDI inflows halved in 2009 before recovering somewhat in 2010
-Since 2005, the inward FDI stock has increased
-Foreign investors target mainly financial services and manufacturing
-More than two thirds of Ukraine’s FDI come from EU countries
-Participation of foreign investors in the privatisation process has been uneven
-New reform programme sets ambitious privatisation goals and stresses the role of FDI

Chapter 2. Foreign Direct Investment Regime
-Guarantees for protection of foreign investment but registration required
-After temporary derogations, the non-discrimination principle has been reinstated
-Complex establishment procedures
-Recent initiatives to streamline establishment procedures
-Licensing procedures
-Efforts to reduce the administrative burden have to be pursued
-Employing foreigners
-Foreign exchange regulations
-National security considerations and “strategic sectors”
-Persistent problems with ownership registration for land and other forms of property
-Economic activities subject to mandatory licensing under general legislation
-Sector-specific regimes
-New developments in legislation on concessions
-Foreign investors enjoy non-discriminatory access to government procurement but problems remain
-OECD FDI Restrictiveness Index of Ukraine

Chapter 3. Ukraine Policy Framework for Investment
-1. Investment policy
-2. Investment promotion and facilitation
-3. Trade policy
-4. Competition policy
-5. Policies promoting responsible business conduct
-6. Infrastructure and financial sector development

Chapter 4. Investment in Support of Energy Efficiency
-1. Energy profile of Ukraine
-2. The government’s energy strategy and future energy investment requirements
-3. Main reform challenges
-4. From energy efficiency towards the development of environment-friendly energy resources

Annex A. Ukraine’s Exceptions to National Treatment in the Meaning of the OECD Declaration on International Investment and Multinational Enterprises
Annex B. Statistical Annex
Annex C. Bilateral Investment Treaties Concluded by Ukraine
Annex D. Adherence of Ukraine to International Agreements and Conventions

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