Foreign investors study publications, visit to examine assets and meet with their owners, which is believed to be evidence of gradual resumption of interest in investing in Ukrainian assets, the 18th edition of the Ernst & Young Global Capital Confidence Barometer reads, Interfax-Ukraine reports.
“Therefore, we should hope that foreign investors will return to the Ukrainian capital market in the near future,” the consulting company wrote in a press release.
Ernst & Young carries out Capital Confidence Barometer studies twice a year. More than 2,500 senior executives throughout 43 nations of the world participated in its 18th edition. Over half of respondents suggested an intention to acquire a Ukrainian asset within the period of the upcoming twelve months. The quantity of executives saying they would complete more deals in the next year has grown more than two-fold (67% in April 2018 against 33% in April 2017). According to analysts, this indicates a tendency of rising economic and corporate confidence.
According to the Ernst & Young press release, despite the fact that the global volume of mergers and acquisitions has already exceeded the peak reached prior to the 2007 financial crisis, Ukraine is still lagging behind in terms of investment activity. Nevertheless, it still reveals a positive trend, foreign investors, who had invested in Ukrainian businesses, for the first time since 2014 start to compete with domestic companies for attractive assets.