Business news from Ukraine

POROSHENKO, UNICREDIT GROUP CHAIRMAN DISCUSS INVESTMENT CLIMATE IN UKRAINE

25 June , 2015  

KYIV. June 25 (Interfax-Ukraine) – President of Ukraine Petro Poroshenko and UniCredit Group board chairman Giuseppe Vita have discussed the prospects of improving the activity of foreign investors in Ukraine, the presidential press service has reported.

The president noted the importance of cooperation with the Italian bank and the importance of cooperation between the two countries.

He stressed the importance of Italian support of Ukraine, which is reflected in the recent position of the G7 and the European Union on extending sanctions against Russia.

Poroshenko said Ukraine’s economic policy and legislative changes are aimed at creating the most transparent business environment, in particular – foreign.

“Ukraine demonstrates real efforts in the fight against corruption, the rule of law, stability and ensuring a greater transparency of the financial and banking system,” Poroshenko said.

“At the same time, the parties agreed that as a result of concerted actions of the Ukrainian authorities, including the National Bank, [the country] managed to achieve significant progress in establishing transparent, fair and favorable conditions for the activities of banks in Ukraine,” reads the report.

“We are open for cooperation, and the operations of banks, including foreign [banks], and reliable partners such as UniCredit, are very important for us. The resumption of economic growth is impossible without the financial system, and UniCredit plays an important role in this system,” Poroshenko added.

The UniCredit Group chairman in turn expressed his belief that Ukraine deserves a better future.

Vita spoke about the long history of cooperation between Italy and Ukraine.

“The position of UniCredit Group from 2007 until present time shows that we believe in the future of Ukraine,” he stressed.

The two men discussed the further financial initiatives of UniCredit in Ukraine, the prospects of stabilization, and renewal of the Ukrainian economic growth.