Ultima Thule

In ancient times the northernmost region of the habitable world - hence, any distant, unknown or mysterious land.

Tuesday, June 14, 2005

Mixed signals on economic policy worry investors

By Aussiegirl

Mixed signals on the economic policy in Ukraine have worried potential investors. Ukraine can only live on the afterglow of the Orange Revolution for so long. Time to get moving on this and clear matters up. Ukraine's failure to approve copyright legislation in the parliament has already jeopardized its chances for early admittance into the WTO. The Financial Times has the story.

Ukraine's political change unnerves investors:

An apparent divergence of economic thinking at the heart of government has unsettled the private sector and foreign businesses. The leaders of Ukraine's Orange Revolution hoped that the country's political change would stimulate a wave of inward investment, especially from the west.


At 4:37 PM, Anonymous Pindar said...

The heady triumph of having won an Orange Revolution is unfortunately--but inevitably-- giving way to the more sober realization of how to stay the course and fulfill all the promises made at that time...and it doesn't help if the key players don't agree. From the article: "Mr Yushchenko will also face questions about his relations with Yulia Tymoshenko, the tough prime minister, who seems to be promoting a larger role for the state in the economy than the more market-oriented Mr Yushchenko. As Mr Zinchenko says: “The majority of investors don't like the political situation too much." In other words, there are different recipes for how to make the omelette created by breaking all those eggs.


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