British Business Club in Ukraine: Ukraine Economy - Very Bad:
"During the past few weeks I have come to the conclusion that the economic situation in Ukraine is BAD....VERY BAD. It is always difficult to find out what is really going on in Ukraine because people are reluctant to tell the truth. Perhaps now is the time for Ukrainians to admit that the situation is worse than most people realise.
The time has come for Ukraine to stop 'acting' like a rich country. Why do I say this? Well take a look at the price of property for sale in Kyiv for example or the price of Motor Vehicles. The price of property is way beyond prices in EU countries plus I'm sure most people already know that buying a car in Ukraine is one of the most expensive markets in Europe.
There is far too much ‘acting’ still going on in Ukraine. If you have ever visited a typical Ukraine company HQ office you find the very best quality usually Italian designed furniture, drinks cabinet, floors, reception etc. The whole place shows luxury at the so called VIP standard. (I admit it is not always the same outside Kyiv). I have visted many during the past years. They want to create the illusion that they are a very successful organisation and they assume that this is the only reason you will want to do business with them. As we say back in the UK, ‘’It’s all smoke and mirrors.’’ Just a trick. But more accurately I call it acting. Why? Well because you will also find the same company with the luxury show off office has not paid its employees for many months as it will have informed them that ‘due to the crisis’, we have no money for salaries."
'via Blog this'
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