: :inin Kyiv (EET)

International investment banks mull opening Ukraine offices


International investment banks are considering opening their offices in Ukraine, the country`s First Deputy Finance Minister, Oksana Markarova, said on Wednesday, February 22.

The official noted that previously, the international investment banks were not interested in such a move due to the almost complete lack of medium-sized businesses whom they target.

”Why are many of them now thinking about coming here? First, they began to actively work on our sovereign history. We see both Morgan Stanley and Lazard here. Their teams who deal with the states, they are already here,” she said.

At the same time, Markarova noted that as soon as those institutions see ”their customers,” they would be opening up offices in Ukraine, while their envoys would fly here from London or another office for the sake of signing one or two agreements.

”The best indicator for us to see that our economy is developing and the number of medium businesses is growing would be the opening of their offices here,” Markarova summed up.

Earlier, Ukraine`s Cabinet of Ministers on October 19 established the Investment Promotion Office (IPO) designed to help investors in the country, as well as appointed managing partner of the Kyiv office of CMS Cameron McKenna LLC Daniel Bilak as an IPO director.

UaPositon

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