He says this is partly the heritage of the old-style Soviet era which was long on heavy-handed restriction and short on workable pathways to investment \u2013 and he adds that the Ukraine, so far, has also been short on the kind of vision that would break through it.<\/p>\n
Firstly, he says the legal and business environment isn\u2019t particularly investment friendly. \u201cFurther, the very notion of a port as a company is a little alien to the culture – the ports are still thought of as public entities,\u201d says Mr Nitsevych. \u201cThis has to change.<\/p>\n
\u201cThe second issue is that a fundamental lesson has not been learnt, despite plenty of opportunity. To change the regulations you have to clearly define the strategy: this is a priority and needs to be in place before you start.\u201d<\/p>\n
However, Mr Nitsevych says that this year could bring about change as there is a working group representing both private and public bodies that aim to develop a new set of regulations. \u201cBy the end of this year a new draft law should be out, and then you should be able to see the scale of the vision \u2013 or lack of it,\u201d he says.<\/p>\n
Interestingly, one successul start-up facility has got off the ground without pulling in too much external investment. OSC’s Steve Wray explains that Yuzhny\u2019s Transinvestservice (TIS) could be one to watch as it brings together all the magic ingredients \u2013 deep water, scale, rail and it still has 1,300 metres of quay wall that could be developed. Further, TIS is establishing an industrial zone to facilitate trade and is looking for partnerships to help this process along.<\/p>\n","protected":false},"excerpt":{"rendered":"
Despite a very large territory, the Ukraine has been used to hearing the phrase, \u201cnice potential\u201d, while it remains \u2013 mostly \u2013 unrealised, says Arthur Nitsevych of Interlegal.<\/p>\n","protected":false},"author":8,"featured_media":1795,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[30],"tags":[],"sponsor":[],"class_list":["post-1794","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-europe"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.portstrategy.com\/greenport-congress\/wp-json\/wp\/v2\/posts\/1794","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.portstrategy.com\/greenport-congress\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.portstrategy.com\/greenport-congress\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.portstrategy.com\/greenport-congress\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/www.portstrategy.com\/greenport-congress\/wp-json\/wp\/v2\/comments?post=1794"}],"version-history":[{"count":1,"href":"https:\/\/www.portstrategy.com\/greenport-congress\/wp-json\/wp\/v2\/posts\/1794\/revisions"}],"predecessor-version":[{"id":1796,"href":"https:\/\/www.portstrategy.com\/greenport-congress\/wp-json\/wp\/v2\/posts\/1794\/revisions\/1796"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.portstrategy.com\/greenport-congress\/wp-json\/wp\/v2\/media\/1795"}],"wp:attachment":[{"href":"https:\/\/www.portstrategy.com\/greenport-congress\/wp-json\/wp\/v2\/media?parent=1794"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.portstrategy.com\/greenport-congress\/wp-json\/wp\/v2\/categories?post=1794"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.portstrategy.com\/greenport-congress\/wp-json\/wp\/v2\/tags?post=1794"},{"taxonomy":"sponsor","embeddable":true,"href":"https:\/\/www.portstrategy.com\/greenport-congress\/wp-json\/wp\/v2\/sponsor?post=1794"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}