Business in Ukraine (Course, Master)

EENI Business School & HA University

Syllabus of the Online Subject - Doing Business in Ukraine. Kiev.

  1. Introduction to Ukraine (Eastern Europe)
  2. Economy of Ukraine
  3. Doing Business in Kiev
  4. Ukrainian Foreign Trade
  5. EU relations with Ukraine
  6. Foreign Direct Investment (FDI) in Ukraine
  7. Access to the Ukrainian Market
  8. Business Plan for Ukraine

The objectives of the Online Subject “Doing Business in Ukraine” are the following:

  1. To analyse the Ukrainian Economy and Foreign Trade
  2. To know the business opportunities in the Ukrainian market
  3. To analyse trade relations of Ukraine with the student's country
  4. To know the Ukraine Free Trade Agreements
  5. To develop a business plan for the Ukrainian Market

The eLearning Subject “Foreign Trade and Business in Ukraine” is part of the following Online Higher Education Programs taught by EENI Business School & HA University:
  1. Doctorates: Business in Europe, Global Trade
  2. Masters: International Business, Foreign Trade, Europe
  3. Course: Business in Eastern Europe

Doctorate / Master adapted for Ukrainian Students

The course materials are available in Master in International Business in English + Study Master Doctorate Business in Spanish Ucrania Study, Master in International Business in French Ukraine Masters Foreign Trade in Portuguese Ucrânia.

  1. Credits of the Online Subject “Doing Business in Ukraine”: 1 ECTS
  2. Duration: one week

European Union-Ukraine Association Agreement

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Description of the Online Subject: Doing Business in Ukraine


  1. Ukrainian Capital: Kiev
  2. Official Language: Ukrainian (Russian is widely used)
  3. Area: 603,550 square kilometres
  4. Ukrainian Population: 42.5 million people
  5. Type of Government: Semi‑presidential Republic
  6. Borders of Ukraine: Belarus, Russia, Poland, Slovakia, Hungary, Romania and Moldova
  7. Ukraine is a Slavic country
  8. Ukrainian Independence: 1992 (Soviet Union)
  9. Ukraine has the second largest army in Europe

Main religion in Ukraine: Orthodoxy (Christianity), despite the fact that most Ukrainians declare themselves atheists

  1. Greek-Catholic Church of Ukraine

Ukraine belongs to the Economic Area of Orthodox Civilisation

Economy of Ukraine.

  1. Ukraine is a middle-income economy (World Bank)
  2. Ukraine is an Emerging market
  3. Economic recession in 2008-09
  4. The annexation of the Crimean peninsula by Russia in 2014 and the war in Donbass in 2014 seriously damaged the Ukrainian economy. Since then, the foreign trade between Russia and Ukraine has virtually disappeared
  5. Ukrainian GDP (nominal): 90,524 million dollars
    1. Agriculture: 10%
    2. Industry: 32%
    3. Services: 58%
  6. GDP per capita: 2,000 dollars
  7. Ukrainian Currency: Grivna
  8. Ukraine is famous for its aircraft (Antonov), transport vehicles (KPA trucks), space and missile aircraft
  9. In Ukraine, there are twelve car manufacturers: ZAZ, LuAZ, Bogdan, KrAZ, Eurocar, Electron, LAZ. ZAZ (Factory of Cars of Zaporizhia) is the main car-maker of Ukraine
  10. Ukraine also produces coal, electrical energy, machines, chemical products, food products (sugar)
  11. About 80% of the Russian gas enters into the European markets through Russia-controlled gas pipelines
  12. Ukraine is considered a country with high corruption
  13. Ukraine is developing an important tourism sector
  14. The Russian businessman Alexander Lebedev controls the Ukrainian Bank Energo

Ukrainian Foreign Trade.

  1. Main Ukrainian Exports: ferrous and non-ferrous metals, fuels and petroleum products, chemical products, machinery and transportation equipment, food products
  2. Main Ukrainian exports are destined to the European Union (40%) and Commonwealth of Independent States (CIS)
  3. Main Ukrainian Imports: natural gas, machinery and equipment, chemical products
  4. Russia is its main gas and oil supplier

International Economic Relations of Ukraine

EFTA-Ukraine Free Trade Agreement (Course)

  1. European Free Trade Association (EFTA)-Ukraine Free Trade Agreement
  2. Free trade agreements of Ukraine with Armenia, Azerbaijan, Belarus, Georgia, Kazakhstan, Moldova, the Kyrgyz Republic, Serbia, Tajikistan, Turkmenistan, Uzbekistan
  3. Georgia-Moldova-Ukraine-Azerbaijan Free Trade Agreement
  4. Free trade agreements of Ukraine in negotiation: Canada, Singapore
  5. Organisation of the Black Sea Economic Cooperation (BSEC)
  6. Regional Organisation for Democracy and Economic Development (GUAM)
  7. Central European Initiative (CEI)
  8. Organisation for Cooperation between Railways (OSJD)
  9. Council of the Baltic Sea States
  10. The European Union and Ukraine
    1. Black Sea Synergy (EU)
    2. Ukraine-EU Association Agreement
    3. European Neighbourhood Policy
    4. EU Eastern Partnership
  11. United Nations
  12. World Bank
  13. World Trade Organisation
  14. Economic Commission for Europe (UNECE)
  15. International Rail Transport Committee (CIT)
  16. International Monetary Fund (IMF)
  17. Organisation for Security and Cooperation in Europe (OSCE)

Ukraine is an observer country of the:

  1. Eurasian Economic Community (EurAsEC)
  2. Association of Caribbean States (AEC)
  3. Latin American Integration Association (ALADI)

Examples of the Subject - Foreign Trade and Business in Ukraine:

Commonwealth of Independent States (CIS) e-Master

Eurasian Economic Union (Master Doctorate)

Alexander Lebedev Russian Businessman (Course Master)

Black Sea Synergy

Regional Organisation Economic Development (GUAM)

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