Poroshenko says Ukraine becomes increasingly attractive for investors

Ukrainian President Petro Poroshenko said in Davos that Ukraine is becoming increasingly attractive for top investors.

"I am proud that this year, for the first time, I received a lot of requests from the foreign investors to hold a meeting. A great number of top players of the investment market. This has never happened before," Poroshenko said, speaking at the 48th annual session of the World Economic Forum in Davos.

According to the president, the investment climate in the country has improved significantly due to the reforms being implemented.

Read alsoPoroshenko discusses with IMF steps to be done to get another trancheIn particular, the head of state promised to replace a corporate profit tax with a tax on withdrawn assets for taxation of investment at zero rate, as well as to conduct privatization according to the norms of the new law, enabling investors to make transactions under the British legislation.

As UNIAN reported earlier, net foreign direct investment in Ukraine's economy in January-October of 2017, excluding the banks' transactions to restructure debt in the charter capital, totaled $1.4 billion, which was 15% up year-over-year, according to the National Bank of Ukraine.

The government also intends to launch a large-scale privatization of state assets in 2018. It is planned to sell about 900 state-owned enterprises.