Observer 204, February/March 1997
Since Ukraine gained its independence in 1991, there has been a substantial improvement in its framework for foreign direct investment.
Like most of the other former Soviet republics, Ukraine is on the path from being a centrally planned economy to one based on market principles. It has recently made sweeping changes to its legislation in order to promote reform. With a new law on foreign direct investment (FDI), adopted in 1996, the implementation of an ambitious privatisation programme, and several new commercial laws regulating foreign trade, taxation and banking, the legal and regulatory framework for investment, and for commercial activity in general, is now much more transparent than it used to be and should facilitate FDI.To read the full article, download the PDF file below.