"Ukraine is, was and will be the breadbasket of Europe" - Steven Fisher

17:30, 05 November 2015
Economy
261 0

Ukraine Today’s Viewpoint was joined by Mr. Steven Fisher, the Chief Executive Officer for Citibank Ukraine, to discuss Ukraine's business climate, reforms progress and investment attractiveness.

“Everyone knows the agro culture sector is performing at one third of the efficiency level or the entire United States of Western Europe; that by itself means there is great potential for increasing productivity and therefor investment in the sector, said Fisher, according to Ukraine Today.

“Ukraine is, was and will be the breadbasket of Europe and therefore foreign investment can play a very large role in realizing those possibilities,” he said.

Fisher went on to say that gas and oil exploration and production is another area of great possibility for future foreign direct investment.

He named low labor cost another feature worth noting, as seen with the decline of the hryvnia. Therefore, the country may attract global hubs in the near future, Fisher believes.

The pace of Ukraine’s reforms and fight with corruption is also discussed in the interview.

See unian.info’s video section for more of the latest news from Ukraine in video from Ukraine Today, Ukraine’s 24-hour English-language news channel.

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