Business Reports and Publications

New Report - Booming Ukraine Banking Sector

Research and Markets has announced the addition of the "Booming Ukraine Banking Sector" report to their offering. The market research report, "Booming Ukraine Banking Sector," is an analytical study of the thriving banking industry of the southeastern European country, Ukraine. It evaluates the products and services provided by the Ukraine banking industry. It will help clients to dissect the leading-edge opportunities critical to the success of the banking industry and help investors, financial service providers and global banking players to navigate through the market.

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Ukraine Pharmaceuticals and Healthcare Report

The Ukraine Pharmaceuticals and Healthcare Report provides independent forecasts and competitive intelligence on Ukraine’s pharmaceuticals and healthcare industry.

BMI forecasts that Ukraine’s pharmaceutical market will grow by 12% in 2008, following 22% growth recorded in 2007. Our updated five-year forecast for the period 2007 to 2012 envisions an annual average growth rate of 8.7% reaching a total value of US$3.65bn, reflecting slowing growth towards the end of the forecast period. Much depends on the Ukrainian government’s ability to deliver on promises to introduce major healthcare reform and a level of universal coverage. If successful, the market could see strong double-digit rates through the forecast period. But BMI remains deeply sceptical about the central government’s ability to deliver reform.

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Bulletin 'Leasing in Ukraine' №1, 2008

The first 2008 issue of the journal "Leasing in Ukraine" has been published.

Contents:
Ukraine: economic review.
Potential Lessees for agricultural equipment.
How to issue and place bonds: theory and practice.
Risk management of a leasing company.
"Companies which anticipate clients’ needs can enrich market with new products".
For leasing companies we control leased assets.
Internet and modern marketing.
Useful Web-Resources.
The Bookshelf.

For more information visit: http://www.leasing.org.ua/en/bulletin/?pid=1096

Ukraine Doing Business 2008 Report

First 100 Days In Office of Ukrainian Prime Minister Yulia Tymoshenko
Report by The PBN Company

Ukraine Food and Drink Report Q1 2008

At the end of 2007, Ukraine’s government was grappling with rapid food price inflation. So far, it has ignored calls by outgoing Prime Minister Viktor Yanukovich in early November for price controls on basic foodstuffs. In attempt to bring down bread prices, the authorities released grain from its reserves, pledging to deliver 47,000 tonnes to the regions to be sold at around 25% below the market price. Grain exports remained tightly capped until at least January. The National Bank of Ukraine and outside ratings agencies warned inflation could exceed 11% in 2007. A 2.2% monthly jump in prices in September was attributed to high food prices. Meanwhile, the food industry registered 13.3% year-on-year (y-o-y) growth over the first nine months of 2007. Consumer spending is driving the boom, but inflation, exacerbated by rising raw material costs and energy rates threatens stability.

[click here for full report]

OPEC's January 2008 Report

Ukrainian economy grew by 7.3% y-o-y in first ten months of 2007

Over the first ten months of last year, the Ukrainian economy was expected to grow by 7.3% y-o-y; strong performance in domestic trade, manufacturing and transport compensated the shortfall in agriculture. Ukrainian economy’s resilience to an energy price rise in 2006 and 2007 is a sign of a positive GDP growth in 2008. The benign external environment helped to achieve such growth (high world prices of steel and chemical products, robust growth in trading partner countries), buoyant consumption supported by loose income policy and a continuing credit boom, and a pass-through of rising energy prices to producers and consumers. The positive outlook is shaded by the surge of consumer inflation. CPI rose 14.8% y-o-y in October 2007.

Current Issue of Ukrainian Journal of Business Law
(September 2007)

In Focus — Leasing
In September issue of the UJBL, we shall explain to you exactly what leasing is and guide you through the features of its legal regulation, report you about the ABA Annual Meeting in San Francisco, intellectual property rights in Internet, EU trade barriers regulation.

Expert Opinion
Anna F. Pohrebna - Legal Regulation of Financial Leasing in Ukraine
Leasing relations are regulated at legislative level by three documents: Civil Code of Ukraine, Commercial Code of Ukraine, Financial Leasing Act of 11 December 2003.

Hot Issue
Alexander N. Pastukhov - Internationalized Domain Names. A New Challenge for Owners of Trademarks in Cyrillic and Other Non-Latin Characters.

The Internet is inherently international. We all have got used to this axiom. But many, especially in the Anglo-Saxon world, tend to forget that this means the Internet is also multilingual. What is more, the days of the English language dominating the global Internet scene are numbered.

Click here to order your personal copy of the Journal - www.ujbl.info

The PBN Ukraine Election Update
October 11, 2007

What can be expected from this coming Sunday's parliamentary election in Ukraine; how geopolitical views are used to mobilize voter support; and the latest polling results for those parties favored to make it into parliament and those who are hoping to capture voter support despite narrow party interests.

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"OECD ECONOMIC ASSESSMENT OF UKRAINE 2007"
September 4, 2007

Sustaining Ukraine's strong economic growth will require firm action to cut red tape and bring down barriers to competition, says a new OECD report.

It adds that opening up markets to domestic as well as foreign entrants would boost productivity growth while public administration reform and a stronger legal system are needed to improve the business climate and tackle corruption.

In its first Economic Assessment of Ukraine, the OECD says the factors that have helped boost average annual growth to over 7 percent over the past six years are unlikely to last. Import prices for energy are set to rise as cheap Russian gas becomes a thing of the past.

Meanwhile, the current boom in consumer credit is bound to slow as household debt increases. Rapid productivity growth, which came quite easily during the initial recovery from the economic crisis of the 1990s, is now becoming harder to achieve.

Nevertheless, the OECD concludes that with the right policies and institutions, the country should be able to sustain strong economic growth over the longer term.

[read more]

Economic Data Report
The Latest Macroeconomic Update on Ukraine From SigmaBleyzer:

Extensive Research and Objective Analysis on the Growing Banking Industry in Ukraine

Research and Markets has announced the addition of “Ukraine Banking Sector Analysis (2007-2008)” to their offering.

“Ukraine Banking Sector Analysis (2007-2008)" – a market research report that provides extensive research and objective analysis of the growing banking industry in Ukraine, their product quality, and the services they provide. This report helps clients to analyze the leading-edge opportunities critical to the success of the banking industry in the country. Detailed data and analysis helps investors, financial service providers, and global banking players to navigate through the evolving banking industry of Ukraine.

Key Findings

- Ukraine banking sector is at the developing stage and it has got ample opportunities & scope for growth. As of 2006, the total market capitalization of banking sector was only 5% of total GDP.

- Interest of foreign banks in Ukraine is increasing and the country’s banking sector is fast becoming the focal point for foreign investors.

- Interest income constitutes a major part of income of the Ukrainian banking industry income & it accounted for 69.1% of total banking income in 2005.

- Current Account Deposits, Time & Savings Deposits & Bank Loans are expected to grow at the CAGR of 20.51%, 8.98%, and 24.85% respectively during 2007-2011.

For more information, click here.

UKRAINE AND ENERGY SECURITY – MISSED OPPORTUNITIES

Click here to read the report by Ambassador Keith C. Smith, Senior Associate at the Center for Strategic and International Studies

Renewable Energy – Current Trends in Ukraine

Click here to read a report by Sergiy Polovenko, Bisnis Representative in Ukraine

Monthly Economic Monitor Ukraine

The Monthly Economic Monitor of Ukraine (MEMU) is a regular publication of the Institute for Economic Research and Policy Consulting devoted to review of main economic events followed by brief analysis. The MEMU is published in the beginning of each month and covers the past month's events. It contains description of political news related to economic activity in the country, development in real, external and financial sectors of the economy, monetary and fiscal policy trends and events. Tables with most recent economic data from official sources are included as well.

[Read the full version of the April 2008 report]
[Read the full version of the December 2006 report]
[Read the full version of the November 2006 report]

Doing business and investing in Ukraine

The Doing Business Guide offers valuable insight and advice to help you understand the complex tax and legal aspects of doing business in this country. The information is divided into the following chapters:

Ukraine Profile
Privatisation
Business Entities
Taxation Issues, including
Corporate Profits Tax
Value Added Tax
Personal Income Tax
Export / Import
Investment Regime
Employment Issues

[click here to download the report]

Ukraine - Energy Policy Review 2006, 384 pages, ISBN: 92-64-10991-9

Type: Studies
Subject: Energy Efficiency; Energy Market Reform; Energy Policy; Non-OECD Countries

Ukraine Energy Review Ukraine has one of the most energy-intensive economies in the industrialised world. While energy consumption has dropped since the country’s independence, reliance on imports, particularly on gas from Russia, has not declined. This dependence increases risks for security of supply.

As tension between Ukraine and its main energy supplier has grown in recent years, the country’s energy policy is driven by a strong desire to improve domestic energy security and reduce natural gas imports. Energy transit through Ukraine is significant. Due to its geographic position, the country plays a major role in securing Europe’s energy needs: 84% of Russian gas supplies to Europe transit through Ukraine via pipeline.

How can the country meet these challenges? Ukraine: Energy Policy Review 2006 identifies three key priority areas for action: energy efficiency, cost-reflective pricing and transparency. Efficiency represents not only Ukraine’s single best opportunity to improve energy security but is also vital for the country’s growth and development.

The Review is an essential read for Ukrainian policy makers, potential investors and anyone interested in Eurasian energy issues. It covers all aspects of the energy sector, such as energy demand, the policy framework and subsectors including energy efficiency, oil, gas, coal, electricity, district heating and renewable energy.

Click here to download the report

Ukrainian Journal of Business Law

The Ukrainian Journal of Business Law (UJBL) is the only English language magazine in the Ukraine featuring Ukrainian laws, business and legal articles. The Journal is published monthly in Kyiv and distributed to subscribers in the Ukraine, Europe, America and Asia.

November 2006 issue focuses on Communications. Authors analyze the development of Ukrainian telecommunication services, regulations of this area in the framework of the World Trade Organization, advertising in Ukraine, as well as such relevant issues as constitutional reform in Ukraine, acquisition of land plots, foreign investments via free trade agreement.

To subscribe visit the website

From World Bank: Creating Fiscal Space for Growth

The World Bank today issued a new economic report on Ukraine’s public finances entitled “Creating Fiscal Space for Growth: A Public Finance Review”. The Report concludes that Ukraine’s public sector is large and inefficient. Ukraine’s public spending in 2005 was 44 percent of GDP, but only 2.2 percent of GDP was spent on physical capital investment by the public sector.

The Report estimates that Ukraine needs to invest up to US$100 billion over the period 2006-2015. However, the World Bank cautions that Ukraine should increase public borrowing prudently to avoid crowding out private investment and creating macroeconomic tensions. Instead, the Report recommends to create fiscal space for faster economic growth by reducing wasteful spending on subsidies and untargeted transfers and by reforming the tax and social welfare system to increase incentives for individuals and firms to pay taxes.

While encouraging greater public investment, the World Bank warns that the money risks being wasted unless the capital budgeting process is improved. Completion rates for both national and donor funded projects are very low, planning and monitoring inadequate and fiduciary management is weak. Without improved capacity for multi-year planning and budgeting of capital investments, the risk of wasteful public investments responding to political expediency rather than solid cost-benefit analysis is considerable, according to the authors of the Report.

Reports from U.S. Department of Commerce BISNIS

Doing Business in Ukraine:
A Country Commercial Guide for U.S. Companies

Energy
Energy Reform in Ukraine: Issues and Recommendations, March 2005

Reports From Ukraine

Economic Potential of Regions of Ukraine
by Global Marketing System

To read and purchase Ukraine-related business reports, please visit the U.S.-Ukraine Foundation's online store at www.buyukraine.org