Opinion: The Trump impeachment saga has harmed Ukraine’s business reputation

SERGEI SUPINSKY/AFP/Getty ImagesAs the impeachment proceedings in the U.S. House of Representatives droned on, one of the victims was the country at the centre of the allegations of wrongdoing against U.S. President Donald Trump: Ukraine.

Unwillingly caught up in the U.S. impeachment hearings, the country seems to be slammed almost on a daily basis by one Republican lawmaker after another – eager to paint the former Soviet republic as one of the most corrupt countries in Europe. Many have claimed that widespread corruption in Ukraine is why Mr. Trump, allegedly to protect taxpayers’ money, held up almost US$400-million of congressional-approved aid in the first place.

Hearing repetitively that Ukraine is corrupt cannot play well in the offices of Western companies looking for expansion into Eastern Europe – even those with a high tolerance for risk. The doom and gloom is out of sync with the optimistic pitches heard on Ukrainian road shows – including at the summer Ukraine Reform Conference in Toronto, where a major trade and investment exhibit and summit was held on the sidelines.

extolled the positive virtues of Ukraine – ranging from low wages and an educated work force to a strategic position in Europe and new measures to eradicate corruption.is being used to brand Ukraine as not only an agricultural powerhouse, but also as a source for top-notch talent. The country’s promoters like to boast about its annual output of 640,000 postsecondary graduates in the fields of engineering, aerospace and technology.

The main sectors being promoted these days are technology, manufacturing, renewable energy, health care, e-commerce, automotives and aerospace. Canadian companies have taken up the challenge to give Ukraine a go.

globebusiness Of course ... with Hunter and the Donald running around talking to Ukraine's oligarchs for personal gain. Plus the fact that Russian oligarchs and Russia's supreme leader forcing Ukraine to their gain makes Ukraine look like a banana republic. ..................................

globebusiness Ukraine business (or anything else ) had reputation? That is a new one.

globebusiness Of course. Who invests in Russia or Ukraine now? They’re poisonous.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Global stocks mixed after Trump impeachment voteGlobal stock markets were mixed Thursday after the U.S. House of Representatives voted to impeach President Donald Trump and Japan's central bank kept ultra-low interest rates unchanged. As Jim Kramer of CNBC said it's nothing to worry about. Got to agree, the Democrats are just trying to help Trumps re-election. It's the Economy Stupid!
Source: CTVNews - 🏆 1. / 99 Read more »