IKEA’s announcement in Kyiv on Wednesday that it will open its first Ukraine store in Kyiv’s expanded Ocean Plaza is being hailed as a vote of confidence in Ukraine’s improved investment climate.

IKEA’s announcement in Kyiv on Wednesday that it will open its first Ukraine store in Kyiv’s expanded Ocean Plaza is being hailed as a vote of confidence in Ukraine’s improved investment climate. Stefan Vanoverbeke, a Belgian who is IKEA’s regional executive, said Wednesday after meeting President Poroshenko: “It’s the right moment for IKEA to be here, when we look at the business climate and the opportunities.” Poroshenko was more ebullient. He tweeted: “IKEA is coming to Ukraine!” Then, he told reporters: “The investment boom that is taking place today is a bright sign of confidence in Ukraine by global investors.”