This is 3.6 times less than in the same period in 2016. This was said by MP from the OPPOSITION BLOC Serhiy Lovochkin.

“According to the NBU, in the first five months of this year, only $ 526 million of foreign direct investment went to Ukraine. In 2011-2012, Ukraine received such a volume of investments for less than one month,” Serhiy Lovochkin said.

According to the politician, the low inflow of investments indicates an unfavorable investment climate and high risks for investors. “What kind of investments can we talk about, if almost every week, "masks-shows" come to different enterprises, including foreign capital, take out equipment and documents?” the deputy noted.

Serhiy Lovochkin stressed that first of all, potential investors are not satisfied with the weak protection of property rights in Ukraine, as well as the risks of uncertainty due to the war and the reluctance of the authorities to work to establish peace. "As a result, for the period from 2014 to 2016 the total portfolio of investments to Ukraine decreased from $ 58 to 37 billion, that is, more than a third. For comparison, in Poland this portfolio at the end of 2016 was $ 186 billion, that is, 5 times more,” the politician said.

“In order the Ukrainian economy to develop at a high pace - from 5% a year - it is necessary foreign direct investment to account for at least 5% of GDP, that is, about $ 5 billion,” Serhiy Lovochkin noted. He also added that, along with investments in the country, new technologies and knowledge should come, which will increase labor productivity and GDP growth rates.

“But the main condition for the development of the state is the cessation of the war. Without this, there will be no stability and economic growth. Ukraine also needs to optimize legislation that would protect the property rights and interests of the investor; otherwise the investment level will continue to be low,” the politician stressed.

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