Section: Emerging Europe (UK)
European Volatility Makes Economic Development Slower for Ukraine
In the current geostrategic environment, it is impossible to divorce political development from economic development. The prospects for the global economy and, by implication, for individual economies are intricately driven by significantly changing and unpredictable geopolitical trends. The main effect of these developments is a rise in...
The Human Factor is Boosting Ukraine’s Promising IT Export Sector
Ukraine’s export IT segment showed an increase of 15 per cent in 2016, and continued to occupy the third place, by volume of total country exports, after agriculture and metallurgy. While we are speaking about the rates of growth, there are very solid grounds to expect that this positive tendency will be maintained and will grow to an...
Past Troubles Belie the Opportunities for Investment
Entirely by chance, in 2006, I ended up controlling a small bank in Lviv, Ukraine, and I have been doing it ever since. I must admit, a lot has happened in the last decade. First, it was a story of optimism, following the 2004 Orange Revolution but after the financial crisis in 2008-2009, it has mostly been a tale of damage control and survival....
Smaller CEE Cities are Becoming Attractive to BSS Investors
The last two decades have seen massive growth in the BSS (Business Support Services) industry across the globe, and in Central and Eastern Europe (CEE), as well, for that matter. It is the CEE region which particularly shows how the business climate and the combination of all the measures taken are crucial for the development of the sector and...
A Roadmap for Reform in Ukraine and a Promise of EU Support
In December 2016, the European Council reconfirmed its commitment to international law and the territorial integrity of Ukraine, as well as the conclusion of the EU-Ukraine Association Agreement, including the establishment of a deep and comprehensive free trade area. Ratification of the EU-Ukraine Association Agreement in all 28 EU member states...
Europe’s Breadbasket Offers Opportunities for Investment and Diversification
Ukraine is known as Europe’s breadbasket and has close to a third of all the arable land area in the whole EU: some 34 million hectares. 70 per cent of that land is highly fertile black soil with a depth of up to six metres deep. Elena Voloshina, country representative of the International Finance Corporation in Ukraine, spoke to Andrew...
Steps to Stability Marred by a Failure to Attract FDI
Recent statements by the European Union (EU) and the International Monetary Fund (IMF) give the impression that Ukraine is making significant steps toward stabilisation and normalisation. There has been much praise for the administration of Petro Poroshenko, especially for the nationalisation of the heavily indebted PrivatBank, and recognition...
