Оппозиционный политик, глава Национального банка Украины (2010—2012 гг.) Сергей Арбузов опубликовал новую запись в своём блоге:
According to IMF, in 2015 developing countries, excluding China, spend about fourth part of GDP to secure future economic growth. Average investment norm made 24-26% of GDP. In turn, Ukraine's index made 15.3% of GDP, which puts our country on 150th position out of 191in the world rating of investments.
Moreover, IMF does not expect any significant changes in Ukraine for the next years: in 2016 investments will make 16% of GDP, and in 2019 — 18%, which is still lower than the level of 2013. The world no longer believe in mass-scale modernization of Ukraine and upgrade of Ukrainian enterprises.
No surprise here. Over the first year half, against the same period of last year, capital investments grew by 9.5% and made 119.8 billion UAH (remember that they reduced by a quarter over 2014—2015). Almost third of this sum was mastered in the capital, which proves inequality of means allocation, which in turn will hardly help the economy to recover countrywide. Moreover, section investing in industry is very far from the tasks it is called to solve from the point of stable economic growth. For example, 20% of investments are aimed at mining industry, and 17% at production of food and tobacco goods.
Investment climate remains unsatisfactory, and problems of domestic investors are ignored.
Meanwhile, the authorities are focused on PR stunts, like disguising lack of investment policy by cheerful calls to invest into Ukrainian economy, or promising cheap labor force and «fantastic» logistics. here I want to point out that cheap labor force is not the most important requirement for business doing, and is rather a problem than an advantage for our country.
It is time to change the strategy of doing talks with investors and to work out a clear and understandable investment policy. At the same time, we need to focus on domestic investors, as they are the drivers of long-term economic growth in the country. Investments of Ukrainian business into domestic economy also give a positive signal to foreign investors and prove adequacy of economic and tax policy, effectiveness of legal institutes, reliability of contract terms, etc. Seeing true changes, foreign investors will sure come.
| СЕРГЕЙ АРБУЗОВ
Оппозиционный политик, глава Национального банка Украины (2010—2012 гг.)
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