Ukraine is hardly out of the news these days and generally for all the wrong reasons. The invasion of Crimea and it’s illegal annexation by Russia; the so-called “separatists” fighting in the South East; regular reports of imminent default / inability to provide heat and power, etc.
But amongst all of this turmoil comes opportunity.
As capital leaves the country and traditional conservative investors turn to other safer returns, Ukraine opens up a number of possibilities for high risk – but high return investments. For years Ukraine has been recognized as a hot-bed for IT, Agriculture and skilled light industry – so now may be the time to look more closely at the opportunities that exist in each of these sectors, and beyond.
For those looking to the Government for stability, things are not as bad as they could be. Recent radical reforms have been introduced together with the appointment of some serious foreign ministers to positions that previously would have been handed out internally and, to be honest, mismanaged. In order to attract IMF money economic reforms are needed and are on their way. These will all take time but here at Enterprise Ukraine we believe this is a matter of months not years. 2015 is going to be very painful – but is the year to make strategic decisions. Wait until 2016 and you may have missed the boat.
A new generation is coming of age.
Ultimately though it is not finance or politics that make a country but the people and Ukraine has a young energetic capable workforce who have thrown off the shackles of the previous regime and are now looking forward to new opportunities. Many have left and others will follow but now, more than ever, is the time to offer jobs to those who want to work and get on in life.
Location is the mantra for all property people – and the same holds out for Countries and their neighbours. Ukraine has borders with seven countries: Poland, Slovakia, Hungary, Romania, Moldova, Russia, and Belarus. Relations are obviously fraught with Russia and will be for some time – but just consider the opportunities that the remaining countries offer.