The document discusses the economic consequences of Ukraine ratifying an Association Agreement with the EU. It finds that this will:
1) Positively impact Ukraine's financial accounts and domestic lending by intensifying capital inflows, but reforms are needed in banking and financial markets.
2) Have a longer-term positive effect on foreign direct investment by improving the court system, though more reforms are required to boost investor confidence.
3) Negatively impact Ukraine's trade balance in the short-term, 1-3 years, but this can be minimized by currency devaluation, improving goods quality standards, and integration plans with the EU.
Swedbank was founded in 1820, as Sweden’s first savings bank was established. Today, our heritage is visible in that we truly are a bank for each and every one and in that we still strive to contribute to a sustainable development of society and our environment. We are strongly committed to society as a whole and keen to help bring about a sustainable form of societal development. Our Swedish operations hold an ISO 14001 environmental certification, and environmental work is an integral part of our business activities.
Vladimir N. Kniaginin, Director, Foundation Center for Strategic Research «North-West»
Economic Policy Dialogue among think tanks of emerging economies
Macroeconomic Developments Report, December 2017Latvijas Banka
Based on data from Latvijas Banka, Central Statistical Bureau of Latvia, Ministry of Finance, and Financial and Capital Market Commission, this publication assesses developments of the external sector and exports, financial market, domestic demand and supply, prices and costs, and balance of payments, and provides forecasts for the economic development and inflation.
Swedbank was founded in 1820, as Sweden’s first savings bank was established. Today, our heritage is visible in that we truly are a bank for each and every one and in that we still strive to contribute to a sustainable development of society and our environment. We are strongly committed to society as a whole and keen to help bring about a sustainable form of societal development. Our Swedish operations hold an ISO 14001 environmental certification, and environmental work is an integral part of our business activities.
Swedbank was founded in 1820, as Sweden’s first savings bank was established. Today, our heritage is visible in that we truly are a bank for each and every one and in that we still strive to contribute to a sustainable development of society and our environment. We are strongly committed to society as a whole and keen to help bring about a sustainable form of societal development. Our Swedish operations hold an ISO 14001 environmental certification, and environmental work is an integral part of our business activities.
Vladimir N. Kniaginin, Director, Foundation Center for Strategic Research «North-West»
Economic Policy Dialogue among think tanks of emerging economies
Macroeconomic Developments Report, December 2017Latvijas Banka
Based on data from Latvijas Banka, Central Statistical Bureau of Latvia, Ministry of Finance, and Financial and Capital Market Commission, this publication assesses developments of the external sector and exports, financial market, domestic demand and supply, prices and costs, and balance of payments, and provides forecasts for the economic development and inflation.
Swedbank was founded in 1820, as Sweden’s first savings bank was established. Today, our heritage is visible in that we truly are a bank for each and every one and in that we still strive to contribute to a sustainable development of society and our environment. We are strongly committed to society as a whole and keen to help bring about a sustainable form of societal development. Our Swedish operations hold an ISO 14001 environmental certification, and environmental work is an integral part of our business activities.
Drawing on data sources such as the Grant Thornton IBR, the EIU and the IMF, this report considers the outlook for the economy, including the growth expectations of 400 businesses interviewed in Russia, and more than 12,500 globally.
"Highlights":
* Manufacturing buoyant in May
* Exports withstand geopolitical circumstances
* Growth trends in lending stabilize
"In Focus":
* Overproduction of economists and lawyers in Latvia? Let's debunk this myth, autori: Oļegs Krasnopjorovs and Kārlis Vilerts
Swedbank was founded in 1820, as Sweden’s first savings bank was established. Today, our heritage is visible in that we truly are a bank for each and every one and in that we still strive to contribute to a sustainable development of society and our environment. We are strongly committed to society as a whole and keen to help bring about a sustainable form of societal development. Our Swedish operations hold an ISO 14001 environmental certification, and environmental work is an integral part of our business activities.
Russia - sharp slowdown and protacted recoverySwedbank
Swedbank was founded in 1820, as Sweden’s first savings bank was established. Today, our heritage is visible in that we truly are a bank for each and every one and in that we still strive to contribute to a sustainable development of society and our environment. We are strongly committed to society as a whole and keen to help bring about a sustainable form of societal development. Our Swedish operations hold an ISO 14001 environmental certification, and environmental work is an integral part of our business activities.
"Highlights":
* Manufacturing growth supported by nearly all sectors
* Exports regain pace
* Inflation boosted by global food prices growth while oil prices decrease
"In Focus":
* Comparison of the Baltic States' exports, author Daina Pelēce
"Highlights":
* Healthy growth, but caution warranted
* Inflation growth decelerating
* Recovery of imports increased current account deficit
"In Focus":
* Does the financing from the EU structural funds improve the competitiveness of Latvian businesses?, autors: Oļegs Krasnopjorovs
Macro2015 Policy responses to fincial shocksDave Dalton
Following a huge bank fraud in late 2014 & a regional devaluation wave in early 2015, what is Moldova's economic outlook, and how should policymakers respond to rising risks?
Macroeconomic Developments Report, June 2017Latvijas Banka
Based on data from Latvijas Banka, Central Statistical Bureau of Latvia, Ministry of Finance, and Financial and Capital Market Commission, this publication assesses developments of the external sector and exports, financial market, domestic demand and supply, prices and costs, and balance of payments, and provides forecasts for the economic development and inflation. The publication is available only in electronic form.
Highlights:
- Current account reflects the recovering investment activity
- Annual inflation continues hovering around 3%
- GDP growth exceeds expectations and leads to revised forecasts
In Focus:
- Latvia 2017: Back to growth and structural reforms, by Mārtiņš Grāvītis
Drawing on data sources such as the Grant Thornton IBR, the EIU and the IMF, this report considers the outlook for the economy, including the growth expectations of 400 businesses interviewed in Russia, and more than 12,500 globally.
"Highlights":
* Manufacturing buoyant in May
* Exports withstand geopolitical circumstances
* Growth trends in lending stabilize
"In Focus":
* Overproduction of economists and lawyers in Latvia? Let's debunk this myth, autori: Oļegs Krasnopjorovs and Kārlis Vilerts
Swedbank was founded in 1820, as Sweden’s first savings bank was established. Today, our heritage is visible in that we truly are a bank for each and every one and in that we still strive to contribute to a sustainable development of society and our environment. We are strongly committed to society as a whole and keen to help bring about a sustainable form of societal development. Our Swedish operations hold an ISO 14001 environmental certification, and environmental work is an integral part of our business activities.
Russia - sharp slowdown and protacted recoverySwedbank
Swedbank was founded in 1820, as Sweden’s first savings bank was established. Today, our heritage is visible in that we truly are a bank for each and every one and in that we still strive to contribute to a sustainable development of society and our environment. We are strongly committed to society as a whole and keen to help bring about a sustainable form of societal development. Our Swedish operations hold an ISO 14001 environmental certification, and environmental work is an integral part of our business activities.
"Highlights":
* Manufacturing growth supported by nearly all sectors
* Exports regain pace
* Inflation boosted by global food prices growth while oil prices decrease
"In Focus":
* Comparison of the Baltic States' exports, author Daina Pelēce
"Highlights":
* Healthy growth, but caution warranted
* Inflation growth decelerating
* Recovery of imports increased current account deficit
"In Focus":
* Does the financing from the EU structural funds improve the competitiveness of Latvian businesses?, autors: Oļegs Krasnopjorovs
Macro2015 Policy responses to fincial shocksDave Dalton
Following a huge bank fraud in late 2014 & a regional devaluation wave in early 2015, what is Moldova's economic outlook, and how should policymakers respond to rising risks?
Macroeconomic Developments Report, June 2017Latvijas Banka
Based on data from Latvijas Banka, Central Statistical Bureau of Latvia, Ministry of Finance, and Financial and Capital Market Commission, this publication assesses developments of the external sector and exports, financial market, domestic demand and supply, prices and costs, and balance of payments, and provides forecasts for the economic development and inflation. The publication is available only in electronic form.
Highlights:
- Current account reflects the recovering investment activity
- Annual inflation continues hovering around 3%
- GDP growth exceeds expectations and leads to revised forecasts
In Focus:
- Latvia 2017: Back to growth and structural reforms, by Mārtiņš Grāvītis
Swedbank was founded in 1820, as Sweden’s first savings bank was established. Today, our heritage is visible in that we truly are a bank for each and every one and in that we still strive to contribute to a sustainable development of society and our environment. We are strongly committed to society as a whole and keen to help bring about a sustainable form of societal development. Our Swedish operations hold an ISO 14001 environmental certification, and environmental work is an integral part of our business activities.
Office of the National Investment Council of Ukraine presents weekly reports as handy tools to keep track of the key news in business and investment climate in Ukraine and the world. The following report covers events dated July 15-21, 2019
Macroeconomic Developments Report. December 2015Latvijas Banka
Based on data from tLatvijas Banka, Central Statistical Bureau of Latvia, Ministry of Finance, and Financial and Capital Market Commission, this publication assesses developments of the external sector and exports, financial market, domestic demand and supply, prices and costs, and balance of payments, and provides forecasts for the economic development and inflation.
Reciprocal trade sanctions by Russia and the EU should not last longer than 3 months, as both economies will feel they can’t afford that, according to experts from Denmark’s largest bank, Danske Bank.
Brexit news. Relocating to Europe decisions made.Pete S
The effects of Brexit have started to show. Companies and organisations are publishing details of their post Brexit plans.
These actions represent a major decision by various types of businesses, often at considerable cost. The lost to the UK will be long lasting and substantial.
Ukraine Monthly Economic Review, March 2017DIXI Group
Highlights
An economic blockade of the areas of Donbass, uncontrolled by the government, will have a moderately negative impact on economic performance. The National Bank has already downgraded its GDP forecast to +1.9% yoy in 2017 from +2.8% yoy previously, while it expects faster growth in 2018 (+3.2% yoy vs. +3% yoy). We may downgrade our forecast later on, if the situation does not improve or even worsens.
On 3 April, the IMF Board finally approved the fourth tranche to Ukraine in the amount of USD 1 bn. For the upcoming tranches government should demonstrate significant progress in reforming the pension system, the land market and the legal system, i.e. fight corruption.
In 2016, GDP increased by 2.3% after a 9.8% yoy decline in 2015. Last year, agriculture, construction and manufacturing were the major drivers of growth.
In February, consumer prices increased by 1% mom, and the yearly inflation rate accelerated to 14.2% from 12.6% yoy in January. The National bank abstained from any changes in the key rate. Despite the blockade of Donbass, the FX market was surprisingly stable in March.
Ukrainian authorities imposed sanctions against Russian state banks, and it is expected that the latter will gradually exit the Ukrainian market.
The impact of the sanctions on the economy of the Russian FederationIgor Britchenko
The article analyses the impact of the sanctions of civilized countries on the Russian economy. Particular attention is paid to sectoral sanctions on the markets of oil and oil products, in the banking and financial sectors, as well as on the market of transport services. The authors analysed the prospects for expanding sanctions on the oil market for Russia in the context of setting a maximum price for the export of Russian oil by the main buyers. Conclusions are drawn not only about the impact of sanctions on Russian oil production, but also about a possible decrease in prices for oil and other energy resources in the region. The authors positively assessed the US and EU anti-Russian sanctions in the financial sector. The impact of sanctions on the Russian banking system, insurance, and stock markets was studied. Particular attention was paid to the impact of disconnecting the banking system of the Russian Federation from the international payment system SWIFT. The authors also focused on the gradual division of the Russian economy under the influence of sanctions and trends in the energy market into the energy sector and the rest. It was found that the most affected by the sanctions were air transportation, mechanical engineering, and ferrous metallurgy sectors. Conclusions are drawn about the need to continue sanctions pressure on the Russian economy. High energy prices during the 200 days of the war with Ukraine allowed the Russian Federation to subsidize economic sectors that suffered from the war at the expense of the energy sector. A market reduction of the oil prices or their correction with the help of the sanctions policy should cause significant and irreversible damage to the Russian economy.
Similar to BSEF 2013 invest/crimea Aleksey_Golubovich (20)
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IMA KHRENOVA-SHYMKINA, Expert of the Ukrainian-German technical cooperation project “Energy Efficiency in Buildings”, GIZ - “Energy Efficiency in Buildings”
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https://www.oeconsulting.com.sg/training-presentations]
Sustainability has become an increasingly critical topic as the world recognizes the need to protect our planet and its resources for future generations. Sustainability means meeting our current needs without compromising the ability of future generations to meet theirs. It involves long-term planning and consideration of the consequences of our actions. The goal is to create strategies that ensure the long-term viability of People, Planet, and Profit.
Leading companies such as Nike, Toyota, and Siemens are prioritizing sustainable innovation in their business models, setting an example for others to follow. In this Sustainability training presentation, you will learn key concepts, principles, and practices of sustainability applicable across industries. This training aims to create awareness and educate employees, senior executives, consultants, and other key stakeholders, including investors, policymakers, and supply chain partners, on the importance and implementation of sustainability.
LEARNING OBJECTIVES
1. Develop a comprehensive understanding of the fundamental principles and concepts that form the foundation of sustainability within corporate environments.
2. Explore the sustainability implementation model, focusing on effective measures and reporting strategies to track and communicate sustainability efforts.
3. Identify and define best practices and critical success factors essential for achieving sustainability goals within organizations.
CONTENTS
1. Introduction and Key Concepts of Sustainability
2. Principles and Practices of Sustainability
3. Measures and Reporting in Sustainability
4. Sustainability Implementation & Best Practices
To download the complete presentation, visit: https://www.oeconsulting.com.sg/training-presentations
Cracking the Workplace Discipline Code Main.pptxWorkforce Group
Cultivating and maintaining discipline within teams is a critical differentiator for successful organisations.
Forward-thinking leaders and business managers understand the impact that discipline has on organisational success. A disciplined workforce operates with clarity, focus, and a shared understanding of expectations, ultimately driving better results, optimising productivity, and facilitating seamless collaboration.
Although discipline is not a one-size-fits-all approach, it can help create a work environment that encourages personal growth and accountability rather than solely relying on punitive measures.
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• The best and most practical approach to implementing workplace discipline.
• Three (3) key tips to maintain a disciplined workplace.
Personal Brand Statement:
As an Army veteran dedicated to lifelong learning, I bring a disciplined, strategic mindset to my pursuits. I am constantly expanding my knowledge to innovate and lead effectively. My journey is driven by a commitment to excellence, and to make a meaningful impact in the world.
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What is Enterprise Excellence?
Enterprise Excellence is a holistic approach that's aimed at achieving world-class performance across all aspects of the organization.
What might I learn?
A way to engage all in creating Inclusive Excellence. Lessons from the US military and their parallels to the story of Harry Potter. How belt systems and CI teams can destroy inclusive practices. How leadership language invites people to the party. There are three things leaders can do to engage everyone every day: maximizing psychological safety to create environments where folks learn, contribute, and challenge the status quo.
Who might benefit? Anyone and everyone leading folks from the shop floor to top floor.
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BSEF 2013 invest/crimea Aleksey_Golubovich
1. UKRAINE – EU INTEGRATION:
NEW DRIVER OF ECONOMIC GROWTH
(by Global Vision Advisory Services and One Baltic Group)
October 2013
2. Ukraine-EU Association Agreement economic consequences in brief
Ukraine and the EU are going to ratify an Association Agreement. The
consequences of this step for Ukrainian economy will be the following:
Positive influence on Financial Account and domestic Lending
To intensify capital inflows Ukraine needs deep, but quick reforms
in banking sector and financial markets liberalization (esp. for
European banks).
Longer-term positive effect on Foreign Direct Investments
To attract strategic investors Ukraine needs to reform the court
system to restore investors trust to the Courts and to local
authorities. Investor’s protection is the key issue to rise foreign
capital at rapid pace and repeat the success of Poland in early 1990s.
Negative impact on Ukraine’s Trade Balance in the first 1-3 years after
ratification (depending of the Russian trade policy)
To minimize trade balance deterioration Ukraine needs currency
devaluation, improvements in standards of goods quality and detailed
plan for integration with the EU.
2
3. Higher risks of Ukraine’s economy are mainly overstated
There are a lot of speculations in press regarding higher risks of Ukrainian
economy these days. But the fears are predominantly overstated:
Sovereign default
Association Agreement with the EU will significantly raise chances
for Ukraine’s government to receive stabilization loans from IMF and reopen external capital markets for Ukrainian debtors.
Currency devaluation
Current exchange rate policy (peg to US dollar) is unjustified by
economic reasons. Hryvnia devaluation will be positive for Ukrainian
economy due to trade balance improvement and increase of Ukrainian
producers competitiveness.
Collapse of trade with Russia
Recent Russia-Ukraine trade relations worsening is caused by
political, not economic reasons. So the full-scale trade war is not very
likely and won’t last for long even if it begins.
3
4. Association Agreement with the EU will reopen external capital
markets for Ukrainian banks and unfreeze domestic banking lending
Association Agreement with the EU will create the necessary
condition for Ukraine to receive significant ($15-25 bn for several
years) stabilization loans from IMF and EU financial institutions.
Stabilization loans will restore investors confidence in Ukraine’s
government as well as in Ukrainian banking system credibility and
reopen external capital markets for Ukrainian borrowers in private
sector.
Association Agreement with the EU will also encourage European
financial institutions to invest in Ukrainian branches and to buy
local banks. It’s the only way to ease lending terms for local
borrowers.
Lower capital costs and easier lending terms are needed to
increase capital inflows from the EU to Ukraine (primarily in form of
loans). That will improve Ukraine’s Balance of Payments, unfreeze
domestic banking lending and become the main driver of economic
growth in the forthcoming years.
4
5. Ukrainian banks lost $17.3 bn of foreign capital since mid’2008.
Financial capital from the EU are required to restore it.
Cumulative capital inflows to banks and non-financial
sector since 2000, $ mln
50000
40000
$17.3 bn outflow from
Ukraine banks
Cumulative inflows to Non-financial sector
Cumulative inflows to Banks
30000
20000
10000
0
2000-Q1
2001-Q1
2002-Q1
2003-Q1
2004-Q1
2005-Q1
2006-Q1
2007-Q1
2008-Q1
2009-Q1
2010-Q1
2011-Q1
2012-Q1
2013-Q1
-10000
Source: National Bank of Ukraine, Arbat Capital
5
6. After 2008 Ukrainian banks lost their ability of healthy credit
expansion
Ukraine domestic banking lending, $ mln
140
120
100
Pre-crisis rapid
expansion 70-80% p.a.
Post-crisis "new normal"
0-10% p.a.
80
Households
100
60
Non-financial corporations
Financial corporations
80
Government
40
Banking lending 12-months
growth rate, % (r.h.s.)
60
20
40
0
20
-20
0
Jan-06
-40
Jul-06
Jan-07
Jul-07
Jan-08
Jul-08
Jan-09
Jul-09
Jan-10
Jul-10
Jan-11
Jul-11
Jan-12
Jul-12
Jan-13
Jul-13
Source: National Bank of Ukraine, Arbat Capital
6
7. Ukraine’s economic growth became very sensitive to capital flows.
Lack of funding in 2011-2013 is the main reason of today’s crisis.
Ukraine capital inflows/outflows, $ mln
8000
20
6000
15
10
4000
5
2000
0
0
2000-Q1
2001-Q1
2002-Q1
2003-Q1
2004-Q1
2005-Q1
2006-Q1
2007-Q1
2008-Q1
2009-Q1
2010-Q1
2011-Q1
2012-Q1
2013-Q1-5
-2000
-10
Non-financial sector
-4000
Banks
-15
Government
Real GDP growth, % yoy (r.h.s.)
-6000
-20
-8000
-25
Source: National Bank of Ukraine, Arbat Capital
7
8. Association Agreement with the EU will increase foreign direct
investments to Ukraine, but mostly in longer-term
More than 40% of current foreign direct investments to Ukraine
are made by Ukrainian investors through European entities
(mainly Cyprus)
Weak macroeconomic picture, poor legal system, severe
corruption and rumors about forthcoming state default are main
obstacles that withhold foreign investors from investing to
Ukraine
Association Agreement with the EU can improve only economic
aspects of Ukraine’s investment climate, that is not enough.
Further reforms are required to strengthen investors confidence
and boost foreign direct investments
Nevertheless, closer Ukraine and the EU economic integration
after Agreement ratification should result in modest foreign capital
inflows from main Ukraine’s trade partners
(Italy, Germany, Poland)
8
9. Foreign direct investments grew almost tenfold over last ten years.
2011-2013 stagnation is a result of weak banks and lack of confidence.
Foreign direct investments to Ukraine in 2002-2013
60
Foreign Direct Investments, mln. USD
50
40
30
20
10
0
Source: State statistics services of Ukraine, Arbat Capital
9
10. Cyprus, Germany and Netherlands are accounted for 2/3 of total
Foreign Direct Investments from the EU to Ukraine
Main EU contributors of foreign direct investments to
Ukraine*
2.1%
2.4%
1.3%
1.6%
1.1%
2.9%
Cyprus
3.7%
40.2%
4.1%
Germany
Netherlands
Austria
6.0%
United Kingdom
France
7.9%
Sweden
Italy
Poland
Hungary
Luxembourg
12.0%
Greece
14.7%
* % of total foreign direct investments from EU to Ukraine
Other EU states
Source: State statistics services of Ukraine, Arbat Capital
10
11. Financial services, real estate, trade and production of metals
consumed nearly 70% of cumulated FDI from the EU to Ukraine
Industrial structure of foreign direct investments from
the EU to Ukraine*
Financial
1.7%
2.6% 2.1%
Real estate
3.0%
1.8% 1.6%
29.6%
Production of metals and metal products
Trade
3.4%
Transport and communication
3.6%
4.8%
Food industry
Chemical industry
Production and distribution of electricity, gas
and water
Mining
5.7%
10.1%
Production of other mineral products
16.1%
Engineering
Construction
13.9%
Agriculture
Others
* % of total foreign direct investments from EU to Ukraine
Source: State statistics services of Ukraine, Arbat Capital
11
12. Nearly 70% of total FDI to Ukraine are made only in three regions:
City of Kyiv, Dnipropetrovsk oblast and Donetsk oblast
Regional structure of foreign direct investments from
the EU to Ukraine*
City of Kyiv
10.6%
Dnipropetrovsk oblast
1.9%
2.0%
2.7%
3.0%
3.0%
Donetsk oblast
Kharkiv oblast
47.7%
Kyiv oblast
Lviv oblast
3.4%
Odesa oblast
4.0%
Autonomous Republic of Crimea
Zaporizhya oblast
5.9%
Poltava oblast
15.9%
* % of total foreign direct investments from EU to Ukraine
Other regions
Source: State statistics services of Ukraine, Arbat Capital
12
13. Association Agreement with the EU may have negative impact on
Ukraine’s trade balance. What is the right strategy to minimize it?
Association Agreement with the EU means no import tariffs for
Ukrainian manufactured goods (including metals) and higher
quotes for Ukrainian agriculture products in Europe that will
boost Ukraine-EU export
The same time the Agreement implies no import tariffs for EU
manufactured goods in Ukraine that will result in Ukraine-EU
import rise and hurt seriously domestic producers in a number
of industries
The positive effect of the Agreement for Ukraine’s trade balance
is at risk, as export increase will be negated by import growth
Moreover, conventions with the EU carries significant risk of
trade relations with Russia worsening, while CIS is a #1 export
market for Ukrainian producers
WINNING STRATEGY: To motivate moving of production
facilities to Ukraine from the EU countries and Russia.
13
14. However Ukraine’s trade balance deterioration won’t be
terrible, esp. if Ukraine has a plan of devaluation
Russia will decrease import of Ukrainian agricultural products
and foodstuff, but not very significantly. In case of economic
stagnation in Russia, the population will boost demand for
relatively cheap Ukrainian food products. So a new trade
agreement between Russia and Ukraine is a matter of time.
Russia will continue to import machines & equipments from
Ukraine due to well-established processing chains (e.g. aircraft
or nuclear power industry). This will keep roughly $7 bn of
Ukrainian export to Russia unchanged.
Coming 2014 year will be a real challenge for Ukraine as GDP
will decline and Ukrainian Hryvnia will be devalued with high
probability to defend local producers and local markets.
14
15. Europe is accounted for 25-30% of Ukraine export and 30-40% of
Ukraine import. Russia takes 35-40% and 40-45% respectively.
Ukraine goods export / import structure
100
25.9
26.9
27.0
25.3
27.6
33.9
36.4
38.3
36.8
35.9
35.0
40.2
36.6
34.8
37.9
36.5
25.1
20.9
23.1
22.2
26.8
28.9
39.2
43.3
44.0
45.0
40.7
34.0
EXPORT, %
36.0
31.8
32.9
30.0
29.5
26.2
31.3
33.0
37.8
35.6
34.1
37.8
36.9
34.1
32.2
14.5
80
14.2
17.8
17.9
19.8
47.1
44.8
42.2
39.7
60
26.2
40
20
IMPORT, %
0
20
40
50.0
51.3
60
80
35.5
34.5
35.1
37.3
38.0
35.6
35.7
32.9
32.8
32.5
37.2
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
Jan-Jun'13
100
Europe
CIS
Other regions
Source: State statistics services of Ukraine, Arbat Capital
15
16. Ukraine exports to the EU two main groups of goods: 1) base metals
& mineral raw materials and 2) agricultural products & foodstuffs
Geographical pattern of Ukraine's export to the EU
13.5%
16.2%
3.3%
3.3%
3.4%
15.2%
3.4%
3.9%
5.1%
10.5%
5.8%
6.7%
9.9%
Italy
Poland
Hungary
Germany
Spain
Netherlands
Czech Republic
France
Romania
Bulgaria
Austria
United Kingdom
Other EU states
Source: State Statistics Service of Ukraine, Arbat Capital
Commodity pattern of Ukraine's export to the EU
4.7%
2.5%1.4%
4.0%
6.0%
9.6%
11.1%
13.7%
Base metals and metal products
Agricultural products
Mineral raw materials
Machines & Equipments
Foodstuffs
Chemicals
Light industry products
Wood & paper products
19.3%
Other industrial products
Transport vehicles
16
Source: State Statistics Service of Ukraine, Arbat Capital
27.9%
17. Ukraine imports from the EU mostly engineering products
(machines, equipments, transport vehicles) and chemicals products
Main EU importers of Ukraine's goods
13.0%
25.8%
2.5%
2.7%
2.9%
3.2%
3.4%
3.7%
14.6%
3.9%
4.2%
5.1%
7.2%
7.7%
Germany
Poland
Italy
France
Hungary
United Kingdom
Netherlands
Czech Republic
Switzerland
Spain
Lithuania
Austria
Romania
Other EU states
Source: State Statistics Service of Ukraine, Arbat Capital
Commodity pattern of Ukraine's import from the EU
5.4% 3.2%
5.6%
Chemicals
Machines & Equipments
Transport vehicles
Agricultural products
Mineral raw materials
Other industrial products
Base metals and metal products
Wood & paper products
19.6%
Foodstuffs
Light industry products
17
Source: State Statistics Service of Ukraine, Arbat Capital
26.3%
5.8%
6.8%
8.1%
8.3%
11.0%
18. Contacts
One Baltic Group Limited
Global Vision Advisory Services Ltd
GVAS, Room 207
Mortlake Business Centre
20 Mortlake High Street
London
SW14 8JN
UK
18