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Economic

Ukrainians are a hard-working nation. This was the case many centuries ago when people largely made their living from farming. Almost every classical Ukrainian writer refers to this theme in his works. While traveling in Ukraine, Honore de Balzac wrote: “All I have seen before this is worth nothing. This is where the real Ukrainian black soil begins.”  Up until recently, farming was a symbol of the Ukrainian way of life.  In 2002, Ukraine ranked sixth among the world’s grain exporters.

Today, Ukraine leads in various industries and areas of science: aircraft and spacecraft industry, software development and scientific research. The Ukrainian Antonov Aircraft Plant’s “iron birds”, the “Mria” and “Ruslan”, and the world’s most reliable spacecraft carrier, the “Cyclone”, are well known around the world. The participation of Ukrainian scientists and enterprises in the “Sea Launch” project is also highly valued.

An energy corridor for Europe

The geographical location of Ukraine makes it a natural energy corridor for the whole continent and guarantees to the country a leading role in the transit industry. Russian gas presently makes up about 30% of European power-plant fuel >>

 

Emerging Market of Rich Promise

Ukraine’s economy has demonstrated world-beating growth rates over the past five years, with the political convulsions failing to spoil what is increasingly one of the most attractive investment climates in Europe >>

 

Business is booming

The dominance of a few big players, or oligarchs, in Ukraine's post-Soviet economy has given the place a bad name for investors. Some of the usual multinationals with well-known brand names, such as McDonald's and Coca Cola, have entered the market (as they do almost everywhere in the world) and are doing very well. But many more have stayed away >>

 

Wealth flows down as the economy matures

Ukraine today is a country of contradictions. In some parts of the country there are few cars on the streets and most of those are Soviet-era Ladas and Moskvich, or old compact models imported from Europe. Then there is Kyiv, with its streets packed with a mixture of European and Japanese cars, including a surprisingly large number of top-of-the line brands, such as Bentley, Porsche, Mercedes, Lexus, BMW and Audi >>

 



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