“ Ukraine has to build the reputation of the country as a reliable place to do business. ”
Igor Mazepa, Concorde Capital CEO, tells about his investment projects in Ukraine
“Currently, I am investing in private medicine, particularly the Dobrobut network of medical clinics; cement production, having brought the assets of HeidelbergCement German group; Real Estate, particularly the GoodLife Park cottage residence; and the recreation sector, currently developing the Shelest suburban hotel-restaurant complex. I have also invested in projects in the e-commerce and IT sectors. Yet I expect the maximum return from my investment in cement. I think it will pay off in about a year” – says Igor Mazepa.
GoodLife Park elite residence in Kyiv’s suburban
Shelest recreation complex in Kyiv’s suburban
Igor Mazepa also discussed the current investment climate.
“My view of investing has dramatically changed in the last three months. If just a few months ago foreign investors were fleeing Ukraine, selling their assets at stress levels, then now at Concorde we are observing renewed interest in Ukraine. By our estimates, about USD 6 bln have entered the country in recent months” – comments Igor Mazepa.
The market is reacting positively to the new political course and quick rates at which reforms are being approved in legislation. For example, just a half year ago I could not have imagined that Ukrainian companies would be able to perform an IPO in the foreseeable future. But now there are expectations that they can occur next year – says Igor Mazepa.
My expectations stem from the necessary reforms finally being conducted, including in the judicial, health care and pension sectors. Finally, the government seems it will change its lumpen-style approach to people and will allow them to trade freely their property. I am referring to the land market. Finally, it seems a large privatization of state enterprises will be conducted, which should put an end to the corruption of state officials, as well as introduce effective owners and management practices to these companies.” – summarizes Igor Mazepa.
Copyright © 2018 Igor Mazepa