1. Country Profile: Ukraine
Ukraine is Europe’s second largest country and has a population of about 44.9 million. Its GNI/capita is US $3,130 and the main exports are military equipment, metals, pipes and agricultural products. Bread basket of the USSR in the past, Ukraine is at present involved in more trade with the European Union.
2. Market Opportunity
Almost eight percentage of Ukraine territory was contaminated when the Chernobyl nuclear calamity happened. Millions in the country suffered and this was followed by an economic decline which set the country back in development. The industries in Ukraine therefore appreciate the significance of (financial) risk analysis and management and would be open to having experts in risk analysis advise them on the same.
3. Business Profile: Crowe Horwath
Crowe Horwath is a Professional services firm that offers, risk consulting, tax and technology, financial advisory, business risk management services and more. It is a limited liability partnership
4. Business Product/ Services
Crowe Horwath LLP are audit professionals. They offer services to client worldwide. The key services offered are that of audit management, risk analysis, corporate finance and legal services. They are often quoted to be the alternative to the Big Four-Deloitte, PwC, Ernst & Young and KPMG
5. PESTLE Analysis
Political: Industries face a critical situation as the Government is at present moving towards signing association agreement with EU which has led to tensions with Russia.
Economical: The economical status is much better than after the decline in the late 1980’s. Agricultural centres, petroleum, natural gas and salt based industries drive the country’s economy.
Social: At present it is a centre of conflict because of the problems over Crimea. The society is rather agitated and so are businesses.
Technological: Science and technology developed early in Ukraine with the Kyiv Mohyla Academy and the people and industries are well versed with some of the current technology. Newer industries will however have to bring in their own infrastructure until stability is restored.
Legal: Ukraine is at present governed by the constitution of 1996. Divided into 24 provinces with Crimea as an autonomous republic, Ukraine has a unicameral legislature.
Environmental: Ukraine is surrounded by natural resources that has led to it be a origin of many industries.