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Home Economics

Ukrainians may resolve to invest in foreign markets

by Daniel Brown
2014/09/15
in Economics, HOME
Reading Time: 1 min read
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Ukrainians may resolve to invest in foreign markets
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In Ukraine, there are restrictions on investing abroad. By its very nature, can not open a foreign bank account without obtaining an individual license from the NBU, which is also associated with the bureaucracy and makes this process completely impractical. Here we can not talk about investing in the western areas of securities.

Currently, the state fiscal office in favor of the abolition of such a rule and the rise to world standards.

Expresses full solidarity with the National Bank of Ukraine. This provision takes place in Ukraine since 1993 and was introduced to limit the outflow of capital from the country, this feature is in full compliance. Nevertheless, there are ways to withdraw funds beyond the state, but they are not quite open and more aim deviation from taxation.

We believe that in the near future these intentions will not take effect. In the best case, at the end of 2015, and more likely in 2016, when officials do not change their opinions. Now, such a decision would be disastrous for Ukraine as it would lead to a further increase in the dollar and the outflow of capital. It should be administered when the country will have a steady growth and moderate volatility in the foreign exchange market, which in the coming months we will not see.

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