Business Emirates # 17 (November - December 2007) - page 92

ÄÅËÎÂÛÅ ÝÌÈÐÀÒÛ
92 ÍÅÄÂÈÆÈÌÎÑÒÜ, ÁÈÇÍÅÑ, ÈÍÂÅÑÒÈÖÈÈ
ÓÊÐÀÈÍÀ-ÎÀÝ
Possibilitiesof successful placement of
funds inUkrainewereclearlyannounced
inMarchon the thirdUkrainian investor’s
summit inLondon’sHotel Royal Lancaster
whichwasorganizedbyAdamSmith
Institute. Ukraineappeared inquiteanew
ampouleas acountrywithoneof the
highest ratesof growth ineconomy in spite
of somepolitical problems. If analyzing
nowadayswecanassume that the situation
didn’t changeandevenbecomebetter in
the investmentmarket. There is apoint of
view that investments are the signof free
money in theeconomyof thecountry. If
wecompare this statementwithgrowthof
prices for theUkrainianpropertywecan see
that freemoney takes abig scale. That’swhy
world investors takeUkrainianpropertyas a
Klondikewhere theycanget aprofit.
A solid support to involving the foreign
investorsbecame theworkof ourMinistry
of Justice. On the14thof January2006 the
Law regarding“Changes in some statuteof
Ukraine”came into force. There is a separate
itemwhere therearechanges to theLaw
“About investment activity”. Particularly there
is aprohibition regarding invest agreements
betweenbuildingcompanies andbuyers.
Thisgreatly reduces the risk to loose
investor’sdeposit.
It is better to use services of
Financing Building Funds (FBF),
Operating Property Funds (OPF),
and Pension Capital Fund (PCF)
for implement investments. These
companies will bemanaging
investment expenses. Themost
popular “managers”are FBF. Mostly
they are organizations which deal
with finance such as banks or legal
juridical person. Of course there
is a double attitude to thework
of Ukrainian banks in this sphere.
Experts don’t share the opinion
with each other. One of them thinks
that such kind of activity for banks
is not on their profile that’s why
they can’t guarantee the quality of
services for their clients. But there
is another point of view also: self-
respecting and influential bank is
very careful during the selection
of real-estate partners. Themost
important issue is to clarify the
difference in funds activity. One
of them is the questionwho is
responsible for risks during
UKRAINIANPROPERTYMARKETREMINDSOF
MONEYTREEWHICHBRINGSCONSIDERABLE
PROFITFORFOREIGN INVESTORSTODAY.
ByOleksandr Tarchenko
INTELLIGENT
Investments
ONTHE14THOF JANUARY2006THE LAW
REGARDING“CHANGES INSOMESTATUTE
OFUKRAINE”CAME INTOFORCE. THERE ISA
SEPARATE ITEMWHERETHEREARECHANGES
TOTHE LAW“ABOUT INVESTMENTACTIVITY”.
PARTICULARLYTHERE ISAPROHIBITION
REGARDING INVESTAGREEMENTSBETWEEN
BUILDINGCOMPANIESANDBUYERS. THIS
GREATLYREDUCESTHERISKTO LOOSE
INVESTOR’SDEPOSIT
FC...,82,83,84,85,86,87,88,89,90,91 93,94,95,96,97,98,99,100,101,102,...BC
Powered by FlippingBook