Business partner Ukraine
Ukraine a country in Eastern Europe. It borders Russia to the north-east, Belarus to the north, Poland, Slovakia and Hungary to the west, Romania and Moldova to the south-west, and the Black Sea and Sea of Azov to the south. The historic city of Kiev (Kyiv) is the country's capital.
In March of 1991, a referendum was organized by the central Soviet authorities, asking people to express the desire to live in "renewed" Soviet Union.
A referendum and the first presidential elections had been scheduled on December 1, 1991. That day, more than 90% of Ukrainians expressed their support for the Act of Independence, and they elected the chairman of the parliament, Leonid Kravchuk to serve as the first president of the country.
Ukraine was initially viewed as a republic with favorable economic conditions in comparison to the other regions of the Soviet Union. However, the country experienced deeper economic slowdown than the other republics.
Over the time of the recession Ukraine lost 60% of its GDP in the period of 1991-1999, and suffered five-digit inflation rates. Ever since 2000 Ukraine has enjoyed a steady economic growth averaging approximately 7% annually, which is one of the highest growth rates in Europe and the World.
Ukraine is currently through a transition state after a substantial constitutional reform was introduced in the beginning of 2006. The amendments to the Constitution were meant to transform the Ukrainian state from a presidential republic to a mixed parliamentary-presidential republic.
The political life of Ukraine during the last 9 month could be characterized as a constant struggle between the President and the Prime-Minister for power (which is aggravated by the fact, that the President and the Prime-Minister represent the opposite parts of the political spectrum and have some very significant differences concerning the foreign and the internal policy).
According to the Constitution Ukraine is a republic under a mixed semi-parliamentary semi-presidential system with separate legislative, executive, and judicial branches. The main role in the formation of the executive branch (the Cabinet of Ministers) belongs to the Parliament (more precisely, the parliamentary coalition.
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Business partner Ukraine