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| Investing in UkraineFacts… - Ukraine is a European country with an area that makes 5,7% of the territory of Europe and 0,44% of the territory of the world. - The geographical centre of Europe is situated in the Ukrainian village Dilove (Rakhiv region of Zakarpatska oblast). - Ukrainian chernozems are the most fruitful soils of the Earth. - The biggest marganese-ore deposit of the world is on the territory of Ukraine (Nikopolskyj). - Ukrainian river the Dnieper is the third longest river of Europe (2201km), the Danube – the second longest river of Europe – also crosses Ukraine. - The biggest steppe reserve of the world “Askaniya Nova” is in Ukraine. - The first Constitution in the world was written in 1710 by Ukrainian Hetman – Pylyp Orlyk. - Ukrainian landscapes of the Black Sea and The Carpathian mountains, the great ensemble of historical architectural masterpieces and modern constructions impress the tourists from all over the world.
Nowadays… • According to the changes to the Constitution of Ukraine, Ukraine is the state with the parliamentary-presidential form of government, that demonstrates steady economic growth in spite of the legislation changeability and instability of political forces. • The economy of Ukraine has gained the status of market economy. • Ukraine may be the last large untouched market in Europe with almost 48 million inhabitants. The population of Ukraine is not expensive, but highly qualified labour force. • On February 5th Ukraine became the member of WTO. The level of administrative intervention in the economy of Ukraine is decreased, the practice of cross funding is being replaced. • In spite of the low level of technological provision the country develops such important industries as light and chemical industry, heavy engineering, ferrous and non-ferrous metallurgy, shipbuilding, motor-car construction, machinery production for agriculture, aero-engine building, etc. • Being rich in minerals Ukraine supplies 1/10 of the cast iron world production, 1/11 of steel and 1/12 of coal world production. • Ukraine enjoys the following ratings: Standard & Poor`s - BB-; Moody’s Investors Service - B1; Fitch Ratings BB-.
Important… • Since 2005 the economy of Ukraine is experiencing investment boom. • The first stop for investors became banking sector: two of five major Ukrainian banks are the property of foreign investors, - even so Ukraine is considered to be under-banked. • Besides the process of transparent privatization has started in Ukraine: the list of objects for 2008 includes big enterprises of Ukraine. • Under the results of 2007 the capitalisation growth of Ukrainian stock market was one of the largest in the world. Ukrainian market of mutual funding is developing rapidly: in 2007 the quantity of asset management companies increased in 27 per cent and assets' growth of IMI made over 70. According to the experts’ forecast asset growth in 2007 will make 40 mlrd. hryvnas in comparison with 17mlrd., fixed in 2006. • The most attractive spheres for investment remain the fastest growing branches: the industry of constructional materials, metallurgy, machine- building, metal-working, financial services and consumer goods’ production.
Tendencies 2008… • revitalization of the structural reforms in the economy and the system of state administration; • significant growth of foreign direct investment; • budget deficit decrease; • negative merchandise trade balance; • gradual growth rate of the economy (GDP growth - 6,7 %); • inflation rate increase and UAH exchange rate fluctuations; • WTO requirements' fullfillment . |