Migrant workers transferred to Ukraine three times more money than investors, - PM's advisor

Source : 112 Ukraine

Coronavirus pandemic hits global economy and overall investment falls by more than 50%
18:06, 23 January 2021

Marian Vejcik / 123RF Stock Photo

In recent years, remittances of migrant workers to Ukraine have exceeded the volume of foreign direct investment. This was announced by Advisor to the Prime Minister, Executive Director of the Center for Economic Recovery Kyrylo Kryvolap during a public discussion of the draft National Economic Strategy-2030, Ukrinform reports.

"Foreign direct investment in 2019 grew by 7%, but was three times less than transfers from workers. The coronavirus pandemic hit the global economy and the overall level of investment fell by more than 50%, and Ukraine is no exception. In 10 months In 2020, investment receipts amounted to $ 220 million," Kryvolap said.

He noted a chronic lack of investment in Ukraine for 30 years: over the years of independence, the country's economy has attracted about $ 50 billion.

For comparison, the volume of investments in Poland during the same period reached $ 240 billion.

According to an expert study by the European Business Association, the index of investment attractiveness of Ukraine fell to 2.4 points out of five possible in the second half of 2020.

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