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Ukraine’s progress in strengthening the rule of law and building a credible anti-corruption framework in recent years is enhancing its attractiveness as a destination for business and investment. Over the past decade, the establishment of specialised institutions, including NABU, SAPO, the High Anti-Corruption Court and the Prozorro public procurement platform, has improved transparency and enforcement. However, significant challenges remain, including the need to further strengthen judicial independence, ensure the consistent application of reforms and reinforce institutional resilience against political and wartime pressures. While governance risks persist, Ukraine has demonstrated a commitment to reform, supported by EU accession conditionality and international partnerships. Continued progress in these areas will be critical to providing investors with greater legal certainty and confidence in the country’s long-term trajectory.
Experience from the Baltic states illustrates how EU accession can act as a catalyst for institutional transformation, economic growth and increased foreign investment. Ukraine’s reform trajectory reflects many of the same characteristics, suggesting significant long-term potential if current reforms are maintained and deepened. For businesses, successful engagement in Ukraine requires both confidence in the country’s evolving institutional framework and robust internal compliance measures. Continued progress on judicial independence, anti-corruption enforcement and regulatory transparency will be essential to strengthening investor confidence, supporting reconstruction efforts and advancing Ukraine’s integration into the European Union.
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