Doing Business in Ukraine

EENI Business School & HA University


Syllabus of the 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 subject “Doing Business in Ukraine” are the following:

  1. To analyse the Ukrainian Economy and Foreign Trade
  2. To evaluate the business opportunities in the Ukrainian market
  3. To analyse the trade relations of Ukraine with the country of the student
  4. To know the Ukraine's free trade agreements
  5. To develop a business plan for the Ukrainian Market
The Subject (e-learning) “Foreign Trade and Business in Ukraine” is part of the following Higher Education Programs taught by EENI (Business School) and the Hispano-African University of International Business:
  1. Doctorate: Europe
  2. Professional Master's Programs (e-learning): International Business, Europe, Emerging Markets
  3. Course: Eastern Europe
  4. Bachelor's Degree in International Trade (e-learning)

Version of the Doctorate / Master adapted to the Ukrainian Students

Course learning materials in Higher Education in English + Tertiary Education in Spanish Ucrania Post-secondary Education in French Ukraine Study in Portuguese Ucrânia.

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

Description of the Subject (Online Learning): Doing Business in Ukraine


  1. 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. Independence: 1992 (Soviet Union)
  9. Ukraine has the second largest army in Europe

Main religion of 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 the Orthodox Civilisation

European Union-Ukraine Association Agreement

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 supplier of gas and oil

International Economic Relations of Ukraine

EFTA-Ukraine Free Trade Agreement (FTA)

  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. Council of the Baltic Sea States
  9. The European Union and Ukraine
    1. Black Sea Synergy (EU)
    2. Ukraine-EU Association Agreement
    3. European Neighbourhood Policy
    4. EU Eastern Partnership
  10. United Nations
  11. World Bank
  12. World Trade Organisation
  13. Economic Commission for Europe (UNECE)
  14. International Monetary Fund (IMF)
  15. 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)

Eurasian Economic Union

Alexander Lebedev Russian Businessman

Black Sea Synergy

Regional Organisation Economic Development (GUAM)

(c) EENI- Business School & Hispano-African University of International Business