Overview
List of major companies, not considering banks and insurance companies
| Rank in 2008 |
Name of concern |
Location of headquarters |
Revenue (Mln. UAH) |
Profit (Mln. UAH) |
Employees |
|---|---|---|---|---|---|
| 1. | Naftogaz Ukrainy | Kiev | 61,968.5 | 11,670.3 | 682 |
| 2. | EnergoRynok | Kiev | 40,527.2 | 183.4 | 26 |
| 3. | Gaz of Ukraine | Kiev | 31,179.0 | 128.3 | 171,500 |
| 4. | Metinvest | Donetsk | 30,185.2 | 1,410.6 | 408 |
| 5. | Kryvorizhstal | Kryvyi Rih | 22,102.9 | 4,676.5 | 42,094 |
| 6. | Ilyich Steel & Iron Works | Mariupol | 21,727.1 | 1,362.1 | 54,945 |
| 7. | Azovstal Steel Works | Mariupol | 21,235.3 | 1,959.1 | 20,518 |
| 8. | Alchevsk Steel & Iron Works | Alchevsk | 15,322.1 | −350.4 | 17,900 |
| 9. | TNK-BP Kommers | Kiev | 14,816.9 | −484.0 | 427 |
| 10. | Lysychansk Petroleum Investment | Lysychansk | 14,485.7 | −794.1 | 3,743 |
| 11. | DTEK (Donbass Energy) | Kiev | 12,968.7 | 1,985.0 | 290 |
| 12. | Donetskstal Metallurgy | Donetsk | 12,911.5 | −360.1 | 10,966 |
| 13. | Kyivstar | Kiev | 12,799.3 | 5,559.2 | 4,905 |
| 14. | ZAZ Automobile | Zaporizhia | 12,753.5 | −390.6 | 14,943 |
| 15. | Donbass Industrial Union | Donetsk | 12,583.5 | 511.9 | 519 |
Ukraine is subdivided into nine economic regions: Carpathian, Northwestern, Podillya, Capital, Central-Ukrainian, Northeastern, Black-Sea-Coastal, Trans-Dnieper, and Donetsk. Those regions were redrawn from the three Soviet economic regions of the Ukrainian SSR: Donetsk-TransDnieper, Southwestern, and Southern.
In 1910, Ukraine's GDP was estimated at 7 per cent of USA (about the same size as the Netherlands). By 2010, Ukraine's GDP had shrunk to 1 per cent of USA. The nation has many of the components of a major European economy - rich farmlands, a well-developed industrial base, highly trained labour, and a good education system. At present, however, the economy remains in poor condition.
While Ukraine registered positive economic growth beginning in 2000, this came on the heels of eight straight years of sharp economic decline. As a result, the standard of living for most citizens has declined more than 50% since the early 1990s, leading to a relatively high poverty rate. The macroeconomy is stable, and the hyperinflation of the 1990s has subsided. Ukraine's currency, the hryvnia, was introduced in September 1996. The economy has continued to grow thanks to exports since 2000, although at uneven speed and being highly affected (circa -15% GDP growth) by the late-2000s recession and the 2008–2009 Ukrainian financial crisis. In general, growth has been undergirded by strong domestic demand, low inflation, and solid consumer and investor confidence.
Read more about this topic: Economy Of Ukraine