Cost of doing business becomes ridiculously small.

Will you believe that there is a country in the middle of Europe where 150 bucks is ordinary monthly salary? As a matter of fact, in Ukraine currency devaluation and unemployment caused the reduction of salaries by up to 70% in terms of Euro. Similar situation with other operating expenses like office rent, telecommunication and information services as well as insurance. Materials and component parts in many cases cost twice less than just a year ago again in terms of Euro.

Export Rules.

Supply managers from all over the world have new challenges as Ukrainian exporters are now able to offer minimal prices in Dollar and Euro. New times force Ukrainian companies actively seek client abroad and propose them favorable terms of pricing and delivery. Some foreign company are already establish factories at Western borders of Ukraine with the purpose to sell the production to the customers in Europe.

Domestic Competition disappears.

Since 2005 markets have been growing and competition were getting tough. But when economic turmoil began local players found themselves overloaded with expensive debts and not able to manage changes. Many of them disappeared, frozen activities, reduced product lines. Nowadays Ukrainian firms are limited in resources to invest in new products, enter new market and compete with more powerful competitors from abroad.

Speculative investments flourish.

Today, you can easily acquire commercial and residential real estate, land and fixed assets for 30-50% of their last year price. Companies with aggressive investment strategy are able to select the most attractive objects and dictate the conditions to the sellers. The excessive proposition makes many assets underestimated. Investors with long-term plan has also an opportunity to buy businesses or stakes in companies for as little as 10-20% of their last year value.

Business Tourism and Business Services have never been more affordable.

Due to currency devaluation Ukraine becomes a paradise for business travelers in terms of pricing. Hotel prices were reduced by 30% in Euros, apartment rent fall by 50%, average bill in restaurant is 50-60% smaller than a year ago. If you contemplate Ukraine as a potential destination for you business, it is a right time to visit it as well as order services from local researchers, translators and lawyers.

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

International Trade

Firms, looking for suppliers internationally, can enjoy favorable pricing in Ukraine. Machines, spare parts, natural resources, agriculture production, metals, chemical products and many other goods are exported more actively than ever. And vice-versa, Ukrainian businesses, which is dependant on import, feels difficulties with selling their products on domestic market.
It would be also a good idea to visit Ukraine these days. Apartments, transfers, restaurants, excursion and translation services are paid in Ukrainian Hryvnya and therefore are much cheaper comparing to 2008.
Notably, that having troubles with liquidity Ukrainian suppliers and service providers are very amendable in terms of payment condition (discounts, payment delays and so on).

Investments

It is also right time to buy assets, such as commercial real estate, precious metals, ready-made businesses etc. If you are about to open production in Ukraine, you will enjoy great number of inexpensive workforce, as well as cheap equipment and resources. Almost any midterm investments in Ukraine will look attractive these days as the cost can be reduced to minimum.
There are especially good conditions for small niche production, export-oriented production, IT&T, health care and energy-saving sectors.

Outsourcing

Ukraine has many flexible production facilities, which can be outsourced by foreign companies. The idea of producing cheaply in Ukraine and selling in EU seems to be very smart and actual today. German, Italian, French and Dutch firms are successfully cooperating with local manufacturers on producing clothes, bags other hand-made products.
Ukrainian legislation is clearly regulating tolling schemes, making them widely and successfully used. It is noteworthy, that Western Ukraine takes leads in outsourcing for foreign firms due to the closeness to eastern borders of European Union.