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Ukraine (Economic (Industry (Natural Resources (Minerals in Ukraine as…
Ukraine
Economic
Ukraine experiencing moderate growth
Continued growth reliant on completing IMF reforms
Double digit inflation
Partly through high increases in wages
Significant rise in exports
Industry
Agriculture
13.5% of work force
6th largest exporter of grain
1/3rd of Areable land of EU
Manufacturing
15% of GDP
12.4% of work force
Suppliers of car parts highly integrated with german automobile industry
Natural Resources
Minerals in Ukraine as important as oil to Russia
Worlds largest supply of titanium
3rd largest deposit of iron ore
30% of worlds Manganese ore
Potential for IT Industry?
Caused economic blockade on cities in question
Loss in economic growth over 2 year time period
Increase in bank loans and faulty bank loans
EU bank reform plan
Social
Health & welfare
Early deaths
Alcohol & smoking Abuse primarily by men
60% of minors have seen tabbacco advertisment despite ban in 2012
High suicide rates in middle aged men
Low Fertility rates
Chernobyl disaster influence
Demographics
Shrinking Population
Highly educated Ukrainians moving to Poland for better opertunities
80% of cities are loosing population
Eastern cities are dis-proportionally loosing population
Movement & urbanisation
The Capital Kiev continues to grow in population
Western cities are either dis-proportionally growing although most not by much
34% of ukrainians live in 7 cities this increases to 64% if urban aglomarations is included
32% live in medium sized cities
17% of Ukrainian population identify as russian
Religion
Orthodox Church
Orthodox church promotes 'macho' patriarchal culture
contributing to poor mental health in men
Source of gender inequality in Ukraine
Ukrainian orthodox church has declared independence for Moscow patriarch
Political
Relations with EU
DCFTA & AA have been signed
Impacts
Higher wage competition
Integration with EUROTOM eurpoean energy system
Cut in tarrifs
Bring Ukraine in line with EU regulations
Increased competition in market
SME's can access EU flagship Initiative
Diversification of Economy
Wants to join EU by 2020
Relations with Russia & CIS
Continued Russian influence
Ukraine is reliant on Russia for gas
Annexation of Crimea by Russia after referendum
Uprising in eastern Ukraine as a result of pro EU Poroshenko being elected
Many claim of russian influence
Russia trying to stop orthodox church break
Relations with Russia have deteriorated since electing of pro EU Poroshenko
Russia and Ukraine cancelled each other in CISFTA
CISFTA put in place in 2011
Opportunities in wide areas?
IMF Financial assistance conditions
Implementation of anti-corruption court
Privitisation of industries
Banking reforms
Conditions are not all domestically popular
Program is in jeopardy as Ukraine has been slow to implement conditions
Move to a floating currency
Technological
Corruption
Corruption in policing, health & Education prominant
Ukraine ranked 130th in corruption perception ranking
One of the biggest obsticales to doing business in Ukraine
Has pushed 47% of ukraine economy into grey sector
between 30 to 50% of population have paid a bribe at some point in their lives
9/10 businesses facing corruption while doing Business in Ukraine
bribes often expected when importing into the country
Weak civil society