Build your wealth in Ukraine

In May 2009 Lviv City was tentatively selected as one of four host cities for the 2012 UEFA European Football Championship. Although final decision to be ratified by UEFA in the Autumn of 2009, Lviv has already made notable preparations for the event. The city is actively developing its transport, business and sport infrastructure to meet the needs of hosting 300’000 foreign visitors.

Ukrainian Hryvnya demonstrates record devaluation against dollar and euro. This factor significantly impacts on business, especially international trade and investment activities.
We are not going to analyze the reasons of such situation. Instead, we will examine the positive sequences of domestic currency rate downfall for a) cost of doing business b) export c) competition d) investments e) business tourism and services.

If you were a marshal of army, you would probably seek to attack when the opponent is weak. Similarly, when it goes about international business, you need to choice right time for your intervention to another country.

In despite of economic boom in Ukraine during 2004-2008, the vast majority of markets are still far from saturation. The competition is much more fragmented comparing with countries to the West. Many local players, dependant on lending, were knocked out by economic turmoil. Management culture as well as service level in Ukraine do not meet European standards. Thus, foreign firms with midterm and longterm strategies can take advantage by positioning themselves in Ukraine these days.