The series examines countries’ investment policies and reflects the OECD’s mission to help governments enhance their investment climate through peer learning and the sharing of best practices. This review looks at the Ukraine.

Executive Summary and Policy Recommendations
Chapter 1. Ukraine’s Opening to International Investment
-After peaking in 2008, FDI inflows halved in 2009 before recovering somewhat in 2010
-Since 2005, the inward FDI stock has increased
-Foreign investors target mainly financial services and manufacturing
-More than two thirds of Ukraine’s FDI come from EU countries
-Participation of foreign investors in the privatisation process has been uneven
-New reform programme sets ambitious privatisation goals and stresses the role of FDI
Chapter 2. Foreign Direct Investment Regime
-Guarantees for protection of foreign investment but registration required
-After temporary derogations, the non-discrimination principle has been reinstated
-Complex establishment procedures
-Recent initiatives to streamline establishment procedures
-Licensing procedures
-Efforts to reduce the administrative burden have to be pursued
-Employing foreigners
-Foreign exchange regulations
-National security considerations and “strategic sectors”
-Persistent problems with ownership registration for land and other forms of property
-Economic activities subject to mandatory licensing under general legislation
-Sector-specific regimes
-Monopolies
-New developments in legislation on concessions
-Foreign investors enjoy non-discriminatory access to government procurement but problems remain
-OECD FDI Restrictiveness Index of Ukraine
Chapter 3. Ukraine Policy Framework for Investment
-1. Investment policy
-2. Investment promotion and facilitation
-3. Trade policy
-4. Competition policy
-5. Policies promoting responsible business conduct
-6. Infrastructure and financial sector development
Chapter 4. Investment in Support of Energy Efficiency
-Overview
-1. Energy profile of Ukraine
-2. The government’s energy strategy and future energy investment requirements
-3. Main reform challenges
-4. From energy efficiency towards the development of environment-friendly energy resources
Annex A. Ukraine’s Exceptions to National Treatment in the Meaning of the OECD Declaration on International Investment and Multinational Enterprises
Annex B. Statistical Annex
Annex C. Bilateral Investment Treaties Concluded by Ukraine
Annex D. Adherence of Ukraine to International Agreements and Conventions