Businessman: corruption stops in Estonia, helps in Ukraine

There is bureaucracy and corruption in Ukraine, but differently from Estonia, this is helpful, not stopping, businessman Urmas Sõõrumaa told Eesti Ekspress.

“When you do something in Estonia, you’re in everyone’s way. And if you do (something – edit) there, you can stay in the background. There is corruption and bureaucracy in Ukraine, but that gets things moving, not stopping, like here. Business culture there is much more defined than in Estonia,” Sõõrumaa said.

His energy company BEN Energy that operates combined heat and power supply plant in Väo, plans to invest into such plants in Ukraine, Russia, Belorussia and Georgia.

“There are much hydraulic resources, it’s possible to buy an old hydro terminal and bring it up to date,” he noted.

BEN Energy projects are small in Ukrainian means. With EEK 1 bln there’s not much to do in Ukraine, Sõõrumaa said. International funds are ready to co-finance the energy plants.

Source http://balticbusinessnews.com/default2.aspx

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