UkrOboronProm outlines business strategy as audit begins

19 December 2017

Ukraine’s UkrOboronProm has begun an audit of its business, as the company looks to rationalise its business structure and seek investment.

Denys Gurak, UkrOboronProm’s Deputy Director General for Foreign Economic Activity, wrote in Ukraine’s Kyiv Post on 15 December that the company had launched the audit in September.

“This is the first step towards the global transformation to reform in accordance with best international practices,” he wrote.

“We will have very limited opportunities for investment without the legal and management mechanisms that exist in the West,” Gurak wrote. “For the moment, many countries have a significant interest to invest in manufacturing, outsourcing, individual projects, and share purchases [in Ukraine].

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