MIRA
INFORM REPORT
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RATING
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STATUS
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PROPOSED CREDIT LINE
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<10
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C
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Absolute credit risk exists. Caution needed to be exercised
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Credit not
recommended
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Status :
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No Trace
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Payment Behaviour :
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--
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Litigation :
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--
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NOTES :
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
UKRAINE - ECONOMIC
OVERVIEW
After Russia, the Ukrainian republic was the most
important economic component of the former Soviet Union,
producing about four times the output of the next-ranking republic. Its fertile
black soil generated more than one-fourth of Soviet agricultural output, and
its farms provided substantial quantities of meat, milk, grain, and vegetables
to other republics. Likewise, its diversified heavy industry supplied the
unique equipment (for example, large diameter pipes) and raw materials to
industrial and mining sites (vertical drilling apparatus) in other regions of
the former USSR.
Shortly after independence in August 1991, the Ukrainian Government liberalized
most prices and erected a legal framework for privatization, but widespread
resistance to reform within the government and the legislature soon stalled
reform efforts and led to some backtracking. Output by 1999 had fallen to less
than 40% of the 1991 level. Ukraine's
dependence on Russia
for energy supplies and the lack of significant structural reform have made the
Ukrainian economy vulnerable to external shocks. Ukraine depends on imports to meet
about three-fourths of its annual oil and natural gas requirements and 100% of
its nuclear fuel needs. After a two-week dispute that saw gas supplies cutoff
to Europe, Ukraine agreed to 10-year gas supply and transit contracts with
Russia in January 2009 that brought gas prices to "world" levels. The
strict terms of the contracts have further hobbled Ukraine's cash-strapped state gas
company, Naftohaz. Outside institutions - particularly the IMF - have
encouraged Ukraine
to quicken the pace and scope of reforms to foster economic growth. Ukrainian
Government officials eliminated most tax and customs privileges in a March 2005
budget law, bringing more economic activity out of Ukraine's large shadow economy, but
more improvements are needed, including fighting corruption, developing capital
markets, and improving the legislative framework. Ukraine's economy was buoyant
despite political turmoil between the prime minister and president until
mid-2008. The economy contracted nearly 15% in 2009, among the worst economic
performances in the world. In April 2010, Ukraine
negotiated a price discount on Russian gas imports in exchange for extending Russia's lease on its naval base in Crimea. Movement toward an Association Agreement with the
European Union, which would commit Ukraine to economic and financial
reforms in exchange for preferential access to EU markets, was curtailed by the
November 2013 decision of President YANUKOVYCH against signing this treaty. In
response, on 17 December 2013 President YANUKOVYCH and President PUTIN
concluded a financial assistance package containing $15 billion in loans and
lower gas prices. However, the end of the YANUKOVYCH government in February
2014 caused Russia
to halt further funding. With the formation of an interim government in late
February 2014, the international community began efforts to stabilize the
Ukrainian economy, including a 27 March 2014 IMF assistance package of $14-18
billion
Source
: CIA
Company name
SPE E LTD.
COMMENTS
We have not managed
to identify the subject company.
The company
matching the given name (SPE E Ltd.) is not found in the State Register of
Ukrainian Companies.
Generally there are
23 companies not matching the subject name listed in the State Register by the
given address (42 Pushkinska str., Odesa,
Ukraine).
Generally there are
no any companies not matching the subject name listed in the State Register by
the given address (138 Orbitalna str.).
The subject company
is not listed in city on-line services/directories by the given name+address.
The subject company
is not listed by the given name/address in internet.
Could you, please,
specify which one company is the subject of your interest?
Would you please
furnish us with any further details (EDRPOU code /other ID numbers, correct
legal name, contact numbers, actual legal address) till 25.10.2014 so that we can
continue our search.
Otherwise we will
be forced to close the report.
Please, be advised
that new name will be accepted as a new order but not as an additional
information.
Important Note:
Kindly provide us with additional information such as
Correct Name, Address, Contact Details, Name of Contact Person or a copy of the
Upper Part of Letterhead within 15 days of receiving this report, a would be
sent without any additional cost.
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.
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