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According to the World Bank, Ukraine has "...
a significant economic potential as a result of
its well educated labor force, large domestic
market, access to a variety of resources including
some of Europe's best agricultural land, significant
coal and some oil and gas reserves, and a
strategic location connecting Europe, Russia
and Asian markets. "
In December 2011, Moody's Investors Services Inc., has changed the outook on Ukraine's goverment bond ratings to negative from stable. However, this was expected, in-line with downgrades of several other European countries. Coming election year also increased the risk to political stability.
Fitch Ratings agency - June 2011 and October 2011: Ukraine's sovereign debt outlook was downgrades from Positive to Stable. Fitch, however, noted that goverment budget is performing ahead of target and the deficit is on target of 4.5% of GDP
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The first capital of Ukraine is the city of
1.5 million people. It is Ukraine's largest industrial, scientific,
educational and cultural hub. "Made in Kharkov" tractors paved the way to the South Pole, jet airlines are used on international flights, and
powerful turbines are sold in many countries. Kharkov's largest State University is one of the oldest in Eastern Europe (dated 1804) and
the only one in Ukraine with three Nobel Prize laureates. Kharkov's Institute of Physics and Technology is world-known for its
nuclear, plasma and theoretical physics.
January 2012, Fitch Ratings assigned City of Kharkov UAH99.5m domestic bonds issue (UA4000131346), a final Long-term local currency rating of B and National Long-term rating of AA
World Soccer Cup - 2012 - Kharkov already spent over $1 billion
dollars on the new airport terminal, hotels, security, roads, subway stations, etc.
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