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Ukraine

The original report was published in the USA Today on Thursday, September 22, 2011
After a series of ups and downs, the republic’s economic and political outlook is positive
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International holding company Group DF invests in the future of Ukraine by implementing corporate social responsibility initiatives and expanding GDF businesses
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The new government has seen through major reforms in Ukraine’s tax code
While government reforms help boost the financial sector, surviving private firms such as Sparta Investment Group maintain high levels of quality from the pre-crisis era
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Ukrtelecom is one of the top Internet providers in Ukraine and leads the communications market, covering around 71% of the local telephone market and 83% of the long distance and international telephone market
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With more than 150 production sites worldwide, KNAUF has set it sights eastwards to Ukraine, one of the most dynamic markets in the region
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While the government is making plans to raise agricultural productivity and attract investment, private sector players – like Petro Poroshenko – are forging ahead with successful business pursuits


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Two decades ago, the Ukrainian nation emphatically declared itself an independent state from the former Soviet Union. On August 24, 2011, leaders from around the world, including Barack Obama, Dmitry Medvedev, Nicolas Sarkozy and Hu Jintao, among many others, sent President Viktor Yanukovych Independence Day greetings in a show of international support for the anniversary.

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Dmitry Firtash, CEO of Group DF
Group DF CEO Dmitry Firtash aims to take on the challenge of establishing stability and development in the country by means of building a common vision amongst Ukrainian businesses, trade unions and the government
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Alexander Dubilet, CEO of PrivatBank
Despite the global recession, PrivatBank was able to continue making profits in the Ukrainian banking sector. Alexander Dubilet, CEO of PrivatBank, discusses how this bank with 100% Ukrainian capital has participated in the world financial market and proven to be the ‘laboratory’ of banking sector innovations in Europe
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KDD Group holds a diversified portfolio of real estate projects comprising offices, residential, retail, hotels, and mixed-use
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Ukraine is one of the world’s major ‘breadbaskets’, harvesting and exporting enormous quantities of grain. In late May, the government dropped the export quotas it had put into place in fall 2010 to ensure domestic food security after a poor harvest.
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The group’s logistic center in Kursk was opened in late 2008
Priding itself on its quality and its investment into the community, KONTI hopes to become one of the best confectionary companies in the world. As well as selling chocolate and confectionary products across borders, the group has big plans to expand and strengthen its market position through aggressive investment strategies
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United World

LOCATION:
Eastern Europe, bordering the Black Sea, between Poland, Romania, and Moldova in the west and Russia in the east

POPULATION:
45,134,707 (July 2011 est.)
Country comparison to the world: 28

CAPITAL:
Name: Kyiv (Kiev)

AREA - comparative:
Slightly smaller than Texas

CLIMATE:
Temperate continental; Mediterranean only on the southern Crimean coast; precipitation disproportionately distributed, highest in west and north, lesser in east and southeast; winters vary from cool along the Black Sea to cold farther inland; summers are warm across the greater part of the country, hot in the south

GDP - composition by sector:
Agriculture: 9.4%
Industry: 33.6%
Services: 57% (2010 est.)

AGRICULTURE - products:
Grain, sugar beets, sunflower seeds, vegetables; beef, milk

INDUSTRIES:
Coal, electric power, ferrous and nonferrous metals, machinery and transport equipment, chemicals, food processing

EXPORTS:
$52.19 billion (2010 est.)
Country comparison to the world: 52
$40.39 billion (2009 est.)

EXPORTS - commodities:
Ferrous and nonferrous metals, fuel and petroleum products, chemicals, machinery and transport equipment, food products

EXPORTS - partners:
Russia 21.4%, Turkey 5.4% (2009)