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    UKRAINIAN INVESTMENT CLIMATE IMPROVEMENT THR

    CZECH EXAMPLE

    YULIIA USHAROVA

    Scientific Supervisor – AssoVeronika Chala, PSACEA Language Supervisor – Asso

    Anastasiia Tokarieva, PSACEA 

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    Main steps of Czech Republic on the way to the success

    radical marketreorganization

    “warrant privatization”

    the Law “About attractinginvestments”

    decreasing the tax on profitfor the next 10 years

    cession of the territory toinvestors at reasonable price

    financial support foroffering employment

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    Ukrainian-Czech cooperation in the sphere of investment policy

    will establish new understanding of those methods that can be

    efficiently used in Ukraine.

    The main purpose is to investigate Czech investment

    reforms, compare them to Ukrainian conditions, and

    outline the main directions for their further developmentin Ukraine.

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    0

    20 000

    40 000

    60 000

    80 000

    100 000

    120 000

    140 000

    2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013

    FOREIGN DIRECT INVESTMENT M USD

    Ukraine Czech

    Sour ce: insider.com. ua; cnb.cz

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    25%

    25%

    16%

    14%

    14%4%

    1% 1%

    Foreign direct investment inCzech Republic by economic

    activitymanufacturing

    financialintermediation

    real estate andbusiness activities

    trade, hotels andrestaurants

    transport, storageandcommunicationselectricity, gasand water supply

    Sour ce: Czech Nat iona l Bank

    10%

    9%

    7%

    23%

    Foreign direct investUkraine by economic

    manufacturing

    construction

    transport, storageandcommunications

    retail andwholesales,

    vehicles and bikesrepairingagriculture,forestry and fishery

    Source: ukrst at .gov.ua

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    Ukraine has very favorable platform for the growth

    if we consider its location, natural and human

    resources, research potential and its attractiveness

    to foreign investors.

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    Scenarios for further development of Ukraine

    determiningprimary economic

    sectors

    decreasingtaxation on profit

    includinginvestment andinnovation

    charges into thegross expenses

    duty freeimporting of high-tech equipmentfor knowledge-

    intensive industry

    VAT freeequipment and

    goods unrivalled in

    Ukraine

    establishing ofspecial economic

    zones

    adopting theInternal Revenue

    Code

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    Investment and Business Development Agency CZECHINVEST

    Provision ofinformation onthe possibilitiesof support for

    small andmedium-sized

    enterprises

    Implementationof aid programsfinanced by theEU and by the

    state

    Provision offormal

    consultingservices focused

    on projects

    Administrationof a business-

    propertiesdatabase

    Support forsuppliers –

    administrationof a database ofCzech suppliers

    Assistance withimplementationof investment

    projects

    Mediationstate invest

    aid

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    CzechAccelerator 2011–2014 

    The project was focused on firms with innovative, commercially viableproducts in the fields of ICT, life sciences, nanotechnology,

    biotechnology, medical technology, clean technologies and precisionengineering. 

    Over the past four years, the CzechAccelerator project has helped

    innovative firms gain experience with doing business in advanced foreignmarkets, particularly through development of management experience andenhancement of marketing skills. Since 2011 it has announced 6 calls in

    total and the project has supported 39 companies.

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    Main Reasons to invest in the Czech Republic

    -- Safe investmentenvironment

    -- Skilled and well-educated workforce

    -- Favourablelabour costs andprice stability

    -- Central locationin Europe

    -- Dense and high-quality

    infrastructure

    -- Transparentsystem of

    investmentincentives

    -- Strong focus onR&D

    -- Stable social andpolitical system

    -- EU membership

    -- Mentality, cultureand attitudes

    similar to those ofwestern countries

    -- High quality oflife

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    THANKS FOR BEING W

    US TODAY