👉Ukraine Economic Report     Tremendous Potential Despite The Oligarchy and Corruption
Channel: GeoStar TV
Date: 2020-03-28

👉Ukraine Economic Report  :  Tremendous Potential Despite The Oligarchy and Corruption
Ukraine’s GDP is growing only 2–3% in recent years. Considering Ukraine’s economic level, it is too slow growth.
The GDP per capita map does not look good for Ukraine. 
Ukraine is about two times poorer than Belarus and  Bulgaria(GDP (PPP) per capita).
Ukraine,  is a sprawling country of perhaps forty million people, with multiple regional metropolises comparable to Kyiv; the Donbas, Kharkiv, Lviv, and Odesa are each regional centers. As well as notable divides in language use between the more Ukrainian-using west and the Russian-using east. Many of Ukraine’s governance issues were caused precisely because of these regional divides. The 2014 revolution was caused because enough Ukrainians, particularly in the west and center of the country, were sufficiently hostile to a proposed Russia-dominated economic union to overthrow their government.

The growth of Ukraine’s gross domestic product (GDP) in July-September 2019 amounted to 4.2 percent compared to the same period in 2018, while in the second quarter, the growth rate was higher and amounted to 4.6 percent, in the first quarter it amounted to 2.5 percent. And it is expected to continue at this rate in the foreseeable future. This is in light of a festering war, severe reduction of trade with Russia, traditionally the largest trading partner, seized natural resources by Russia, and an active chokehold on the shipping industry of the Azov Seaports.

Despite the political and economic issues, the Ukrainian I.T. sector thrives and matures, promoting tech professionals and digital specialists. For global companies, the main benefits of the Ukranian digital market are low business costs and high-skilled, multifunctional human resources.
During the last ten years, Ukraine has turned into a global tech hub and one of the leading European centers for discovering and developing IT talent. Besides developers, there are digital marketing specialists, mobile analytics, product managers, and designers. Along with tech start-ups and companies, Ukraine has a strong IT infrastructure, including IT schools and internships in tech hubs around the world.
DNA325, an HR solutions company, has recently performed an analysis of the biggest software, electronics, gaming, and e-commerce companies that have offices in Ukraine. The list is quite impressive: Samsung Electronics, Siemens, ABBYY, Huawei, Gameloft, Playtika, Ubisoft, Wargaming, SimCorp, Booking, Magento, NetCracker - just to name the biggest.

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