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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. "
Moody's Investors Services Inc., on October 11, 2010
raised the outlook on Ukraine's credit rating to stable,
siting an improvement in the country's external liquidity
position along with the economic recovery. Ukraine's goverment
bonds are now rated at B2.
IMF raised its 2011 growth forcast for Ukraine to 4.5 from 4.1 percent
Fitch Ratings agency - March 2010: "...has revised
Ukraine's sovereign debt outlook to stable from
negative...", meaning Ukraine is likely to upgrade its
ratings soon, because of reduced political risk following successful
2010 election.
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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.
Fitch Ratings agency - March 2010 - Kharkov:"... good financial management, adequate budgetary
performance in 2009 and expected satisfactory performance in 2010, sufficient liquidity..."
World Soccer Cup - 2012 - Kharkov will spend over $1 billion
dollars on the new airport terminal, hotels, security, roads, subway stations, etc.
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