July 2010
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Record devaluation of Hryvnya! Good news for foreigners?!

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.

Save on everything in Ukraine now!

What a miracle may cause currency devaluation. All of a sudden, just during few weeks at the beginning of 2009, everything in Ukraine ( goods and services, stocks and other assets, real estate and resources) became at minimum 50% cheaper in terms of dollars.

This is important for firms, trading with Ukraine, investing in Ukraine or utilizing local facilities.