UKRAINE IS THE LARGEST COUNTRY WITHIN EUROPE (603,500 SQUARE KILOMETERS), WITH A POPULATION OF 45 MILLION (70% URBAN-BASED) AND 20 MILLION DIASPORA WORLDWIDE
The most important factors for the convenient work of investors in West-Ukraine are well-developed infrastructure, close proximity to the border and areas that are ready to be used for implementation of various investment projects and professional staff.
Ukraine is the largest country within europe (603,500 square kilometers), with population for 45 million (70% urban-based) and 20 million diaspora world-wide
Ukraine, located at the European Union's Frontier, with a pro-Western, pro-business government focused on implementing reforms and strengthening national security and institutions, is wellpositioned to become a future economic turnaround success story.
Ukraine is a large country with a total population of over 45 million. Ranked the 4th most educated nation in the world, over 99,7% of Ukrainians are literate and over 70% have a secondary of higher education.
Ukraine has over 2,5 million university students with some 640.000 graduates annually. Ukraine was 41st in the 2015 ranking of National Higher Education System by Universitas 21. a global association of research universities, surpassing countries like Romania, Turkey and India.
GDP (PPP): USD 339 billion in 2015, top-50 economy globally
AVERAGE SALARY: USD 179 per month. Most costs-competitive manufacturing platform in EU
VISA FREE: Travel for short stays most Western countries
EDUDATION: 4th educated nation in the world - 99,7% literacy rate and 70% have a secondary or higher education
DOING BUSINESS: Ukraine rose 56 positions since 2012 in World Bank's Ease of Doing Business Ranking
The significant devaluation of the Hryvnia changed Ukraine into of the most competitive low-cost production platforms globally. Labor, raw materials and other production costs have declined significantly in U.S. dollar terms. In particular, labor intensive industries such as food and agribusiness, light manufacturing and small machinery building are benefiting the most.
The average salary, as US 179,- per month based on current 2015 figures, is significantly below regional peers in CEE. At the same time, proximity to the large EU market makes Ukraine a competitive alternative to Southeast Asia, especially for industries demanding short supply chain and fast production cycles.
Delivering goods in two days European hubs versus a ship container traveling from Asia over 40 days is an unbeatable advantage.
Ukraine is experiencing increased demand for capital to renew and expand its industry.
Ukrainians banks are primarily focused on improving their balance sheet, resulting in interest rates for local currency debt exceeding 20%
Demand is high for equity capital for operationally strong companies in attractive market segments with healthy balance sheets who seek working capital to finance growth, develop exports or modernize production.
Ukraine's geographic location, combined with its low production costs, creates the opportunity to become a major service, manufacturing and trading hub at the intersection of Europe and Asia
Ukraine has a robust infrastructure for sustaining an export-oriented economy - close to 170.000 km of roadways, some 22.000 km of railways. 13 sea ports along mainland Ukraine and over 20 passenger airports.
Lviv region is located at the crossroads of major routes from the European Union countries to the eastern markets. Sharing borders with the European Union, Lviv region has great opportunities for logistic services, even though currently the market for logistic services is not sufficiently developed. The relatively short distances to the nearby European capitals and access to the huge consumer market in Russia and Ukraine make Lviv region an attractive location for conducting business. Ukraine still remains one of the largest consumer markets in Europe and Lviv Region is a gateway to this market from the EU countries.
Benefits for Participants - minimizing material, financial, human and time resources costs required for initializing economic activities, access to services related to the provision of economic activities by the company management.