Tag: economy
Economy
Ukraine's previously unstable political situation caused various problems for the economy. When Victor Yushchenko came into power several reforms took place and Ukraine's economy grew some 12.1% in the year 2004. Unfortunately high oil prices as well as an increase in inflation caused the economy of Ukraine to slow down in 2005.
Exports
Ukraine has a well-developed industrial base and rich farmlands. The country also has quite a lot of mineral resources which are drawn on for both local use and exportation. The main exports from Ukraine are ferrous and nonferrous metals, chemicals, machinery, fuel and petroleum products, transport equipment and food products. Currently the country's gross domestic product is an estimated ...
Konotop
If you travel to the Sumy Oblast in Ukraine, you will discover an interesting city by the name of Konotop. The city is located approximately 130 kilometers away from the region’s capital, Sumy, and can be found at the center of the Konotop ‘Raion’ or district. While many cities in Ukraine are quite modern, Konotop is somewhat older – having first been established at a time when people still ...
Melitopol
The city of Melitopol has an approximate population of 200,000 residents, and is located in the Zaporizhia Oblast (Zaporizhzhya Oblast) of Ukraine. It is first mentioned in the year 1784 when it was founded as the village of Novo-Aleksandrovka by Prince Potemkim. This village in the Zaporizhzhya oblast was renamed to Melitopol, meaning ‘Honey Town’, in 1942. The name is rather fitting, as ...
Tysmenytsia
The town of Tysmenytsia is located on the banks of the Vorona River, in the region of Ukraine known as the Ivano-Frankivsk Oblast. It has been established through historical documents that the town has been in existence since 1143 and fell under the rule of the Polish in the 14th century. Tysmenytsia received its Magdeburg Rights in the year 1449, but was completely destroyed in the years of ...
Lysychansk
If you travel to the eastern side of Ukraine you will find a truly beautiful region along the Donets River known as the Luhansk Oblast. It is here, amidst breathtaking panoramas that the landscape slowly changes to include a pretty little city known as Lysychansk. The city’s name can also be spelled ‘Lisicansk’ and it dates back to the 18th century when coal was first discovered in the ...
