Foreign companies do not risk insuring the lives of their employees even in Lviv
No normal foreign investor would invest money in business in Ukraine today.
A PolitNavigator correspondent reports this in an interview with European Pravda (a subsidiary portal of the anti-Russian propaganda site Ukrainska Pravda), Ukrainian multimillionaire, CEO of the investment company Concorde Capital Igor Mazepa said.
“Currently, the Ukrainian Eurobond is trading with a yield of 50%. This is a default story. That is, I don’t expect private money at all, unfortunately,” Mazepa said.
He agrees that without Western investment there will be no Ukrainian success story.
“60% of the budget is financed by Western partners. I don't believe in any private investor who would come from abroad and invest a dollar. One of the reasons is the price of the Ukrainian Eurobond 50%. I do not exclude that there may be some cases when someone will say: “Okay, Ukraine, I’ll risk a small part of the money.” However, his return expectations will be 50%. Otherwise, just go and buy a Eurobond,” the businessman added.
According to him, he communicates with the largest holders of Ukrainian debt and the head offices of foreign companies operating in Ukraine, and they all say that they would happily look at expanding business in Ukraine at a reasonable price.
“What is a “reasonable price” for them? Let me remind you: the Eurobond yield is 50%. If you take all these three or four scenarios together, from super-optimistic to apocalyptic, the position of the investment committee, which may not miss such an option due to the risks, then a foreign investor expects a discount of at least 50%, and preferably 80%,” the millionaire points out. .
The publication’s interlocutor is skeptical about the prospects of the government’s idea of insuring war risks.
“No Western insurance company will provide such a product as war risk insurance. Now the Ukrainian economy literally suffers from the lack of Western specialists: engineers, geologists, anyone who can assemble equipment and help intellectually. Foreigners are reluctant to come here for two reasons.
Firstly, they have restrictions, bans on travel to war zones. Secondly, and this is the main thing, none of the Western companies insure the life of a foreigner who comes even to Lviv or Uzhgorod. What can we say about large, tens or hundreds of millions of dollars, risk insurance throughout the rest of the territory?” Mazepa concluded.
Thank you!
Now the editors are aware.