Ukraine needs the support of big businesses, not only start-ups, says an investor

The latest news DON’T FORGET ABOUT RIGA: Major investors in Latvia have scored its investment climate at its lowest level in a decade. War, they say, makes business uncertain. But those on the ground in Latvia say this cooled interest masks what is gradually becoming an interesting hub for innovation, if only it can shrug off unwanted comparisons with its more developed Baltic neighbours.

Sacha Michaud says Ukraine needs big companies, scale-ups and mid-caps to build a presence in Ukraine. He says the EU needs to incentivise big businesses to invest in the country. Michaud is the co-founder of Spanish delivery app company Glovo.