Polish investors still face political risk in Ukraine

Published: 8 September 2005 y., Thursday

 Polish  investments in Ukraine  still  face  political  risks  despite the sharp improvement in bilateral  relations  since  the  December 2004 Ukrainian regime change, Poland's Deputy Economy Minister Jacek Piechota told reporters Wednesday
at the Krynica Economic Forum.
     "The  different  approaches  to  economic  reform in Ukraine are of vital interest  to  us,"  Piechota  said, speaking at the Economic Forum attended  by  heads of governments and states and leading business people in Central and Eastern Europe.
     As  an  example  of  an  internal  Ukrainian  controversy  that has affected  Poland,  Piechota pointed to the tax and investment privileges that were  enjoyed  by  Polish  investors  in Ukraine's special economic zones until they were abolished earlier this year.
     "This  is  being  mended  now,  but there was unnecessary tension," Piechota said.
     The  recent  meeting in Gdansk between the two nations' presidents, Poland's  Aleksander  Kwasniewski  and  Ukraine's Viktor Yushchenko, has "added considerable momentum" to negotiations on the issue.
     Piechota reiterated the Polish government's commitment to promoting the interests  of  the  country's  investors  in  Poland's south-western neighbor.

Šaltinis: INTERFAX-EUROPE 
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.

Facebook Comments

New comment


Captcha

Associated articles

The most popular articles

Bankers have lost their friends in Davos - EP vice-president

Reform of the banking system was one of the key themes at this year's World Economic Forum in Davos, with bankers coming in for a lot of criticism. more »

Support small firms while tackling the crisis, say MEPs and experts

Small firms have been hard hit by the economic crisis, and so must be given incentives and support, including easier access to credit, help with innovation, tax breaks and less red tape, MEPs on Parliament's Special Committee on the Financial, Economic and Social Crisis (CRIS), and experts agreed at a workshop on Monday. more »

Reopening of trade negotiations between the EU and Central America within sight

The elections and investiture of Porfirio Lobo as President of Honduras have cleared the way for the EU to restore normal relations with the Central American country and negotiations for signing a bi-regional Association Agreement may soon resume. more »

European Globalisation Fund set to help workers in the furniture manufacturing and clothing industries in Lithuania

The European Commission has approved applications from Lithuania for assistance under the European Globalisation Adjustment Fund (EGF). more »

State aid: Commission takes Italy to Court for failure to recover illegal aid from hotels in Sardinia

The European Commission has decided to refer Italy to the European Court of Justice (ECJ) on the basis of Article 108(2) of the Treaty on the Functioning of the European Union (TFEU) for failing to comply with a Commission decision of July 2008. more »

EBRD’s first investment in deposit insurance entity

The EBRD is helping to strengthen the financial sector in Bosnia-Herzegovina (BiH) with a €50 million credit line to the Deposit Insurance Agency of Bosnia and Herzegovina (DIA), the Bank’s first investment in a deposit insurance entity. more »

EBRD’s first investment in gas sector in Bosnia and Herzegovina

In its first investment in the natural resources sector in Bosnia and Herzegovina, the EBRD is providing a €17 million sovereign loan to finance the gasification of the Central Bosnia Canton. more »

EBRD supports private businesses in Armenia

The EBRD is increasing the availability of financing to private businesses in Armenia with a $5 million credit line and a $3 million trade finance facility to ArmSwissBank for small and medium companies (SMEs). more »

European Commission: Lithuania Has Taken Effective Action

On January 27 the European Commission assessed the action taken by Lithuania, Malta, Latvia and Hungary in response to recommendations proposed by the Commission and endorsed by the Council in July 2009 in respect to the correction of their respective budget deficits. more »

Lithuania’s GDP Growth Largest in EU in Q3

EUROSTAT announced that Lithuania’s GDP rose by 6.1 % in the 3rd quarter of 2009 versus the previous quarter. more »