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Economy - overview:
 After Russia, the Ukrainian republic was far and away the most important economic component of the former Soviet Union, producing about four times the output of the next-ranking republic. Its fertile black soil generated more than one-fourth of Soviet agricultural output, and its farms provided substantial quantities of meat, milk, grain, and vegetables to other republics. Likewise, its diversified heavy industry supplied the unique equipment (for example, large diameter pipes) and raw materials to industrial and mining sites (vertical drilling apparatus) in other regions of the former USSR. Shortly after independence in December 1991, the Ukrainian Government liberalized most prices and erected a legal framework for privatization, but widespread resistance to reform within the government and the legislature soon stalled reform efforts and led to some backtracking. Output by 1999 had fallen to less than 40% of the 1991 level. Ukraine's dependence on Russia for energy supplies and the lack of significant structural reform have made the Ukrainian economy vulnerable to external shocks. Ukraine depends on imports to meet about three-fourths of its annual oil and natural gas requirements and 100% of its nuclear fuel needs. After a two-week dispute that saw gas supplies cutoff to Europe, Ukraine agreed to ten-year gas supply and transit contracts with Russia in January 2009 that brought gas prices to "world" levels. The strict terms of the contracts have further hobbled Ukraine's cash-strapped state gas company, Naftohaz. Outside institutions - particularly the IMF - have encouraged Ukraine to quicken the pace and scope of reforms. Ukrainian Government officials eliminated most tax and customs privileges in a March 2005 budget law, bringing more economic activity out of Ukraine's large shadow economy, but more improvements are needed, including fighting corruption, developing capital markets, and improving the legislative framework. Ukraine's economy was buoyant despite political turmoil between the prime minister and president until mid-2008. Real GDP growth exceeded 7% in 2006-07, fueled by high global prices for steel - Ukraine's top export - and by strong domestic consumption, spurred by rising pensions and wages. The drop in steel prices and Ukraine's exposure to the global financial crisis due to aggressive foreign borrowing lowered growth in 2008 and the economy contracted more than 14% in 2009, among the worst economic performances in the world. Ukraine reached an agreement with the IMF for a $16.4 billion Stand-By Arrangement in November 2008 to deal with the economic crisis, but the Ukrainian Government's lack of progress in implementing reforms has twice delayed the release of IMF assistance funds. Political turmoil in Ukraine as well as deteriorating external conditions are likely to hamper efforts for economic recovery. |
Trade Fairs,
Exhibitions, Conferences: |
ACCO International
ACCO International is one of the leading exhibition companies in Ukraine, which has been operating in the field of exhibition business since 1992.
Since the establishment, the company has held more than 210 exhibitions. Due to successful work, ACCO International has a good reputation as a safe partner and is one of the most professional B2B events organizers in Ukraine.
Today in the Company's portfolio are more than 10 specialized exhibition events; most of them are recognized as the main branch events in their fields.
Decor & Gifts
Today, International exhibition Decor & Gifts is one of the largest professional fairs for decoration, design, gifts, accessories, festivity and souvenirs in Ukraine. The fair takes place twice a year.
Organiser: Ukrainian International Expositions Ltd.
Venue: International Exhibitions Center, Kiev, Ukraine.
Exhibitions of the Ukrainian Chambers of Commerce and Industry
The object of this project is to facilitate potential participants of exhibitions and fairs and also specialists of various branches to search and find the exhibition events they are interested in. The rapid growth of the Ukrainian economy contributes to further development of the exhibition activities in Ukraine as a whole and in the system of the chambers of commerce and industry of the country with effectiveness of these activities rising every coming year.
Expocenter of Ukraine
Leading exhibition organization of Ukraine. Annually it holds more than 100 international and national exhibitions.
Kyiv Fashion
International Festival of vogue
Organiser: Kyiv International Contract Fair
Venue: KyivExpoPlaza, Kiev, Ukraine.
Kyiv International Contract Fair
Main activities directions – organization and conduction of international and specialized exhibitions, business meetings, companies’ presentations, conferences and seminars, advertising campaigns, marketing researches, projecting and design of expositions and exclusive stands.
Kyiv International Contract Fair, JSC has been working on the Ukrainian market of exhibition services since 1994. The company is the leader of the exhibition business of Ukraine in general, as well as in separate industries, such as construction, furniture and food industry, production of packaging, restaurant business, agricultural sector, fashion&style, jewelry industry, etc. |
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