Ukraine Sponsored by Anika Ltd.- Invest in Ukraine
Why Us
Location: Ukraine is located in the Central East Europe, in the southeastern part of the East European plain. The country’s geographic position is quite advantageous since the most important transportation routes are crossing its territory linking West Europe with countries of Trans-Caucasia and Central Asia, with outlets to Black and Azov Seas, Crimean and Carpathian Mountains, many rivers and lakes, plains rich on productive black earth, forests and rich in minerals regions.
Territory: Ukraine’s territory stretches for 893 kilometers from north to south, and for 1316 kilometers from west to east. The total area of Ukraine is 603 700 sq. kilometers that makes 5.7 percent of the territory of Europe or 0.44 percent of the world. Ukraine’s territory is larger than that of France, Spain, Sweden, Germany and Poland.
Ukraine consists of the Crimean Autonomous Republic and 24 regions. There are 490 districts, 446 cities, 907 towns and 10196 villages.
Length of the sea border: 1355 km (the Black Sea); 249.5 (The Sea of Azov), and 49 km (Kerch Strait).
Neighboring Countries: Ukraine borders upon Poland, Hungary and Slovakia in the west, through which territories lies the shortest route to the countries of Western and Central Europe. The border of Ukraine with Russia is in the north and east, while in the southwest the country it is contiguous with Moldova and Romania. In the north, Ukraine adjoins Belarus through which territory it is linked with Baltic countries. It is with Romania and Russia that in addition to the land border Ukraine has a sea border too.
Outlet to the Sea: Ukraine has a wide outlet to the Black Sea and Sea of Azov that link it with countries of the Mediterranean. Also through the sea Ukraine borders with Bulgaria, Turkey and Georgia. The area of the exclusive (sea) economic zone of Ukraine is over 82 thousand sq. km.
Climate: moderately continental, except for Southern Crimea, where the climate is subtropical, of the Mediterranean type. The Carpathian climate is also mild, with warm winter and rainy summer.
Official language: Ukrainian
Capital: Kyiv
The flag of Ukraine:
Money: The monetary unit of the present-day Ukraine is hryvnia.
Economy: Beginning from 2000, Ukraine is included into the list of countries leading in the world by the growing rates of microeconomic values. Elaborate budget and monetary policy, increase of domestic demand and the development of the national market together with the favorable foreign business environment for definite export items of Ukrainian products provided the growth of economic activity in major industry branches, and consequently – the raise of the citizen’s living standards.
Since the middle of 2000, the inflation rates had been significantly reduced in the country. The credit relations began developing quickly, the competition strengthened and economy’s restructuring is being carried out more actively.
Ukraine is a country with developed scientific and productive basis. Ukrainian industrial potential includes machine production, ferrous and non–ferrous metallurgy, bus production, light and cargo vehicles production, tractors and other agrarian techniques production, production of diesel locomotives, lathes, equipment for Electric Power Plants, turbines, aviation engines and aircrafts, equipment for oil refinery and chemistry plants, etc. Ukraine is a powerful energy producer.
The largest traditional countries-investors into Ukrainian economy are Germany (5620,7 mil. USD), Cyprus (3011,7 mil. USD), Austria (1600,8 mil. USD), United Kingdom, USA, Netherlands, Russia, British Virgin Islands, France and Switzerland.
In 2006, the work had been activated and was aimed at creating the necessary basis for Ukraine’s entering into World Trade Organization, and today, Ukraine is in its final stage of entering the organization. The next step is creating the zone of free trade with EU member countries.
Political system: The Constitution of Ukraine stipulates that President is the head of the State. He is a guarantee of State sovereign, its territorial unity, the leadership of Constitution, rights and freedoms of peoples and a citizen. Ukrainian citizens elect the President for 5 years on equity of the vote right. The only Legislative Body of Ukraine is Verkhovna Rada of Ukraine – Ukrainian Parliament. People of Ukraine on equity of the vote elect people’s deputies right in mixed system (majority – proportion one).
The Cabinet of Ministers of Ukraine (Ukrainian Government) is the High Body of Executive Power of Ukraine. It acts according to the Constitution, laws of Ukraine, President’s Decrees. The Government is amenable to the President of Ukraine and controlled by Verkhovna Rada of Ukraine. The President appoints and resigns the Prime Minister on the agreement of Verkhovna Rada. The President appoints and resigns ministers on a proffer of the Prime Minister. The Parliament adopts the budget, elaborated and presented by the Government, adopts resolution about budget realization, adopts or rejects the Program of the Government Activity, controls its work. The Supreme Court is the highest judiciary body. Courts are the only bodies to provide justice in Ukraine. The system of courts is based on the territorial and specification principles. The Constitutional Court of Ukraine is separate and independent from courts of general jurisdiction. It cannot be a court of Appeal, Cassation and Observation. The activity of the Constitutional Court provides constitutional control in all the spheres.
Metallurgy:
- American ISTIL Group invested 75 mln euro in the company ‘ISTIL Ukraine’ (Donetsk region);
- the steel giant Mittal Steel Germany Gmbh acquired Ukrainian Kryvorizhstal steel mill at $4.8 billion;
- Russian «Smart group» comprising a range of metallurgical enterprises;
Automobile industry:
- Eurocar company assembling Skoda, Opel vehicles;
- China Dong Feng Motor Industry (plant construction on truck production).
Food Industry:
- Bunge’ company receives the significant revenues in food industry, the company owns Dnipropetrovsk oil extracting factory;
- Nestle (owner of ‘Svitoch’ company);
- Kraft Foods;
- Coca-Cola;
- Baltic Beverages Holding (alcohol drinks);
- SUN Interbrew (alcohol drinks);
Financial sector:
- Austria’s Raiffeisen Banking Group acquired Aval Bank;
- Austria’s Erste Bank entered the Ukrainian banking market acquiring a 50.5 percent stake in Kyiv-based Prestige bank. The Austrian bank has since bought out the rest of this bank;
- Hungary’s OTP banking group bought a banking operation Raiffeisen had in Ukraine prior to its acquisition of Aval;
- Russia’s state-owned Vneshtorgbank acquired 98 percent of Kyiv-based Mriya Bank. Russia’s Sberbank purchased a 100 percent stake in Bank NRB.
- France’s BNP Paribas acquired 51 percent stake in one of Ukraine’s largest banks, Ukrsibbank;
- France’s Credit Agricole purchased a 100 percent stake in Kyiv-based Indeks-bank;
- nearly $1 billion sale of TAS-Kommerzbank to Swedbank of Sweden;
- Swedish bank SEB Group bought 94 percent of shares of Ukrainian bank ‘Agio’ at the end of 2004;
- Eurobank EFG (Greece);
- SigmaBleyzer (financial market);
Smoking industry:
- British-American Tobacco;
- Philip Morris;
- Reemtsma;
- Gallaher Group and Japan Tobacco International.
Telecommunication sphere:
- Telenor Norwegian company;
- Russian mobile operator MTS.
Power Industry:
- American AES Corporation;
- JP Kenny Exploration and Production Ltd. (Great Britain) invested USD 45 million in Poltava oil & gas company in 2006, USD 22.5 million in 2005, and USD 20 million in 2004. The Company intends to invest USD 50-55 million in the Poltava oil & gas company in 2007.
- Russian TNK;
- Lucoil.
Trade:
- BILLA;
- SPAR Austrian company;
- Paterson Russian company;
- METRO Cash&Carry German company;
- Daewoo;
- Toyota;
- Volkswagen;
- Winner Ford,
- Gillet, etc.
Entertainment:
- The German-Slovenian firm "SAFF" plans to build by July 2009 a water-entertaining complex in Uzhhorod (the Transcarpathian region) that is valued at 30 M. EUR.
Media:
- French Lagardere Group (radio station Europe plus);
- Irish media-holding Сommunicorp Group Ltd.
