Ivanna Klympush-Tsintsadze: Last year was the largest exodus of foreign direct investment from Ukraine in the last decade

The current reform situation in Ukraine is certainly not attracting new foreign investments.

This was stated by an MP from the European Solidarity faction and head of the parliamentary committee on EU integration, Ivanna Klympush-Tsintsadze, on the program “Freedom of Speech.”

“It is very important that Ukraine is high on the agenda in the German coalition agreement. We understand that the Greens have a clear position against Nord Stream 2, and if they join the coalition, it may become less important in the party’s platform on Ukraine as they search for a common denominator,” she said.

“We can encourage that idea we have to attract a huge amount of investment from Germany, as I would say from any civilized country, but what is happening on the reform agenda in Ukraine certainly does not encourage new investment. Last year we had the largest exodus in the history of the last decade of foreign direct investment from Ukraine,” Klympush-Tsintsadze said.

“We failed to create the conditions. We can say whatever in the highest international tribunes, in particular, that an attempt on the life of a person who does business on a voluntary basis, acting as the first aide to the president, is an attack on reforms. But in fact, we know for sure and see that corporate governance reform has been destroyed, the public administration has only just begun to recover two years later, and only the first bills have been passed on judicial reform after nothing has been done for two years. Everything that was done was destroyed. These are the things that actually determine the appetite of investors, whether they will come to Ukraine or not, “the deputy added.