UKRAINE: EUROPEAN EMERGING TIGER

DOING BUSINESS IN UKRAINE

Edition 1
Edition 2
Ukraine Update 2 February
Ukraine Update 9 February
Ukraine Update 12 January
Ukraine Update 16 February
Ukraine Update 18 December
Ukraine Update 19 January
Ukraine Update 23 February
Ukraine Update 25 December
Ukraine Update 26 January
Ukraine Update 29 December

UKRAINE: EUROPEAN EMERGING TIGER

Ukraine is the second largest country in Europe and it has an opportune central location between European and Asian countries. Ukrainian economy is the fastest growing economy in Europe with high return opportunities almost in every sector. In the past three years, Ukraine showed a good combination of economic achievements:

• 9% economic growth,
• less than 7% annual inflation rate,
• 1% average fiscal deficit
• 20% external debt ration to GDP

Also the economic strength of Ukraine includes 48 million-consumer market, rich agricultural land, highly educated and skilled workforce and significant mineral reserves. In fact, although Ukraine has approximately 1% of the world's population, it has 6% of the world's physicists, chemists, mathematicians, biologists, computer programmers and other highly trained professionals. Overall, Ukrainian economy comprises of agriculture, food and beverages, chemicals, mining and metal, IT, construction, oil and gas, heavy and light industry.

Along with improving economic activities, the level of FDI in Ukraine grew by 5.6% since the beginning of 2006. Increasing foreign investments in financial and real estate segments caused the growth of FDI.

Majority of the foreign investors come from both Western and Eastern parts of the worlds. Institutions such as J.P. Morgan, Credit Lyonnais, Merill Lynch, Credit Suisse First Boston, Bankers Trust are already operating in Ukraine and making good profits.

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