Inspired By Davos. Why Is Ukraine Developing So Slowly?

One of Davos's key messages of this year's World Economic Forum has been economic recovery after the coronavirus crisis. Many factors are affecting the economic development of Ukraine, but in my opinion, the main one is the lack of sufficient investment.

Investment picture in numbers

According to the Ministry of Finance of Ukraine, we need at least 10 billion US dollars of annual direct investment for continuous economic development. Under the same Ministry's statistics, we have deplorable numbers for the last two years: 2019 – 3070 million US dollars, 2020 – minus 343 million US dollars. In 2020, there were no investments into Ukraine, as there was, and there is no faith in Ukraine.