Page 42 - UKRRptFeb21

5.3​ FDI
Alfa-Bank Ukraine forecasts the 2020 year-end foreign direct investment figure will be $0.00bn. By contrast, net FDI inflow was $5.2bn in 2019 and $4.5bn in 2018.
Net foreign direct investment in Ukraine was the worst in 20 years, ​Lenna Koszarny Founding Partner and CEO of Horizon Capital, said at the start of February at a discussion of the draft National Economic Strategy 2030. Looking at negative flows for the first nine months, she said: “We hope that net FDI will go to zero.” To get Ukraine on a growth track, she said the government’s goal should be: judicial reform, capital market reforms and investment reforms.
Last year’s remittances from Ukrainian workers abroad totalled $12bn --
almost five times the net direct foreign investment of $2.5mn. In 2018, net FDI added up to $2.4bn. Kyrylo Kryvolap, Executive Director of the centre for Economic Recovery, said that since independence, Ukraine's economy has attracted $50bn in FDI, while Poland attracted over the same period $240bn.
42​ UKRAINE Country Report​ February 2021 ​ ​www.intellinews.com