Investment Attractiveness Index with the support of the InMind research company Investment Attractiveness Index EBA

Investment Attractiveness Index with the support of the InMind research company Project summary Methodology: The EBA Investment Attractiveness Index is assessed as the mean value based on the following five questions:  What do you think about the investment climate in Ukraine?  How would you estimate the investment climate for your company in Ukraine at the moment compared to the previous six months?  What are your expectations of the investment climate in Ukraine over the next six months?  In your opinion, would it be profitable for new entrants to invest in Ukraine over the next six months?  What are your expectations of the business environment of your primary industry over the next six months? Participants: 151 CEOs of EBA members companies Timing: September, 3 rd – October, 2 nd, 2008 Survey Implementation: the Survey was conducted by EBA with the support of InMind research company

Investment Attractiveness Index with the support of the InMind research company Key findings Investment Climate in Ukraine Investment Climate Dynamics: last 6 months Investment Climate Dynamics Expectations: next 6 months Profitability for new entrants: next 6 months 3,1 Value 2,8 3,1 3,4 General EBA Index 3,1 Investment Climate of Primary Industry: next 6 months3,3

Investment Attractiveness Index with the support of the InMind research company Key findings Five-grade scale is used to evaluate the investment climate, where 1 stands for the lowest evaluation and 5 stands for the highest evaluation. The EBA Investment Attractiveness Index reaches 3,1 on a 5 point scale. The obtained figure has the average meaning that indicates general evaluation of investment climate as stable with no significant worsening or improvement in the nearest future expected. The EBA Investment Attractiveness Index shows that the respondents are quite neutral in terms of the investment climate. Meanwhile the expectations for next 6 months are significantly more positive then the estimation of last half year period. It indicates that business in Ukraine is still believed to be relatively independent of the world economy given that so many experts did not see a deterioration. There is a trend to evaluate the investment climate in primary industry as well as profitability for new entrants slightly higher which means that the respondents are more optimistic regarding these issues compared to the investment climate in Ukraine in general. The lowest evaluation of investment climate can be observed in Production industries (2.9) while the highest in B2B services (3.4).

Investment Attractiveness Index with the support of the InMind research company Key findings There is also a trend of recession of EBA Investment Attractiveness Index as the subject to time of participating in the survey. It could be attributed to the integrated impact of world economics crisis and negative impact of political instability in Ukraine. (September, 3-7)(September, 8-21) (September, 22-28) (September, 29 – October, 2) N=42N=26N=50 N=33

Investment Attractiveness Index with the support of the InMind research company EBA – Index: Components

Investment Attractiveness Index with the support of the InMind research company N=151 Investment Climate in Ukraine The Investment Climate in Ukraine is definitely favorable to investing The Investment Climate in Ukraine is rather favorable to investing The Investment Climate in Ukraine is neutral to investing The Investment Climate in Ukraine is rather unfavorable to investing The Investment Climate in Ukraine is definitely unfavorable to investing Mean = 3,1

Investment Attractiveness Index with the support of the InMind research company Investment Climate Dynamics: last 6 months N=151 Mean = 2,8

Investment Attractiveness Index with the support of the InMind research company Investment Climate Dynamics Expectations: next 6 months N=151 Mean = 3,1

Investment Attractiveness Index with the support of the InMind research company Profitability for New entrants: next 6 months Definitely profitable Rather profitable Neutral Rather not profitable Definitely not profitable N=151 Mean = 3,4

Investment Attractiveness Index with the support of the InMind research company Investment Climate of Primary Industry: next 6 months N=151 Mean = 3,3

Investment Attractiveness Index with the support of the InMind research company General EBA Index by Primary Industry EBA Index 3,1 N=151 N=45N=29N=36 N=21N=20 The difference is statistically significant

Investment Attractiveness Index with the support of the InMind research company Thank you!