UCRA FIS INDEX (Foreign Investor Sentiment Index) for Ukraine in November dropped by 8.7 points to reach 91.7 points. As we expected (see UCRA FIC INDEX release as of November 1), after three months of being in the positive zone (value of UCRA FIS INDEX was 108.4 as of September 1, 105.4 on October 1 and 100.4 on November 1), increasing negative dynamics of the index brought it all the way down to the negative zone. The uncertainty about the tax reform and parameters of the state budget for the next year contributed greatly to the sentiments of investors. At the sectoral side, as before, the prospects of investment in agriculture are the most optimistic among respondents (sub index value of 138.4) as throughout the year this sub index never visited the negative zone. Last month, the adoption in first reading of a law on deregulation in the agricultural sector served as one of the factors that positively influenced the perceptions of investors. Read more