European businesses need clear rules of game on Ukrainian market – ex-MP

Former Ukrainian MP Ihor Plokhoi has said the Ukrainian market remains an attractive destination for Western companies. Investors are willing to directly invest in the Ukrainian economy, he says, adding that certain concerns remain.

"Western investors want to enter Ukraine, but they are worried not so much about the aggressive business environment, but the lack of predictability and understanding of the state's actions in relation to their investments and their business," he said, commenting on the possibility of establishing the National Financial Investigation Bureau.

Read alsoGroysman calls security services' pressure on business "sabotage against Ukraine""The existing monitoring bodies are unlikely to be able to adapt to European rules, therefore the state's attitude to business can be changed only through the creation of new bodies," the ex-MP believes.

He recalled that the ongoing judicial reform should boost confidence in the judiciary and ensure higher compliance with the decisions of Ukrainian courts.

"Western businesses want to make sure that, if they enter Ukraine, in case the authorities do something illegal, they will be able to defend their rights in court. Today, if investors see positive court decisions, very often such decisions simply fail to be executed," Plokhoi said.

Earlier, Ukrainian President Petro Poroshenko expressed hope that the law on the National Financial Investigation Bureau would be adopted this year.