Ukraine
by Gionni Maze
This site is intended for Engineers interested in the economy of Ukraine for business purposes. After eight of decline Ukraine's economy has been rapidly increases and has many of the components of a major European economy such as rich farmlands, a well developed industrial base, highly trained labor, and a good education system. If you are a aspiring engineering Ukraine may be a great place for you to get started with a privatized firm. With the new parliament approval of foreign investment law, Ukraine allows westerners to purchase businesses and property, to repatriate revenue and profits, and to receive compensation in the event that property is nationalized by a future government.
Ukraine borders the countries of Russia, Byelorussia, Moldova, Slovakia, Romania, Hungary
Poland, Georgia, Bulgaria, and Turkey on sea. Ukraine is mostly a level, treeless plain, calls "steppe". There are the
Crimean Mountains in the Crimean peninsula and the Carpathians in the west, but they are not very high. Mixed forests of pine and fir-trees, beeches,
limes, oaks and elms cover the mountains.
Ukraine Quick Facts
Capital - Kiev
Population - 47,732,079
Government type - Republic
Climate - Temperate
Languages - Ukrainian, Russian, Romanian
Polish, Hungarian
National Holiday - Independence Day 24, August (1991)
Suffrage - 18 years old; universal
Click here for History of Ukraine
Click here for Ukraine's current news
Ukraine Economy
Kiev is the capital of Ukraine and one of the biggest cities in Europe. Engineers feed on growing cities mainly because of financial awards. Since Kiev has developed into a valuable center of East Europe attracting foreign businesses and investors to its economic and natural potential this would be a gold mine for prospective engineers. As an important administrative center, Kiev is a place for Ukrainian Presidential Administration, Verkhovna Rada, Parliament, and nearly all ministries and governmental departments. Its financial part consists of the National Bank of Ukraine, as well as investment companies and funds, representative offices of foreign financial institutions, exchange markets, and more than 220 commercial banks.
Since the labor force was topped industry and construction at 32% starting an engineering firm would be very beneficial. First establishing a firm would help the steadily increasing economy. Next a firm might also reduce the unemployment rate which is 4.3% with a large number of unregistered and underemployed workers.
If you are an engineer, looking into a particular area of
engineering, Ukraine offers various industries. Say for instance you are a
mechanical engineer looking for work or resources, Ukraine offers femous and non
femous metals industries as well as machinery and transport equipment
industries. Or maybe you might be an electrical engineer; well Ukraine also
offers electric power industries for that field.
The only downfalls about Ukraine’s economy are the countries environmental issues. An example would be industrial pollution resulting from the Chornobyl nuclear plant disaster in 1986. Another factor that should be looked at is that Ukraine is interested in cooperating on regional environmental issues. Conservation of natural resources is stated a high priority, although implementation suffers from a lack of financial resources. The economy is burdened by excessive government regulation, and while small and medium enterprises have been largely privatized, much remains to be done to restructure and privatize key sectors such as energy and telecommunications.
The privatization process in Ukraine has developed from leasing with buyout options to investment tenders. Numerous state-owned businesses have been successfully privatized since 1992, the majority small and medium-sized. The privatization of assets and companies which are the most attractive for investors and strategically important for Ukraine has begun. Six hundred new companies were to be included on the privatization list for 2000-2002 - mostly large and strategically important ones. The program offers the compromise of leaving only 25% or 50% (plus one share) of the authorized capital of strategic companies in state ownership, while the rest is proposed for sale in large share packages.
Related links to Ukraine
