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Ukraine
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Ukraine is a republic in Eastern Europe. It is bordered by the Russian Federation to the east; Belarus to the north; Poland, Slovakia, and Hungary to the west; Romania and Moldova to the southwest; and the Black Sea and Sea of Azov to the south. Ukraine is a member of the CIS, and was a member of the USSR from 1922 to 1991. The city of Kiev is both the capital and the largest city of Ukraine.
In Soviet times, the economy of Ukraine was the second largest in the Soviet Union, being an important industrial and agricultural component of the country's planned economy. With the collapse of the Soviet system, the country moved from a planned economy to a market economy. The transition process was difficult for the majority of the population which plunged into poverty. Ukraine's economy contracted severely following the years after the Soviet collapse. Day to day life for the average person living in Ukraine was a struggle. A significant number of citizens in rural Ukraine survived by growing their own food, often working two or more jobs and buying the basic necessities through the barter economy.
Business in Ukraine: Ukraine's 2007 GDP (PPP), as calculated by the CIA, is ranked 29th in the world and estimated at $359.9 billion.[3] Its GDP per capita in 2008 according to the CIA was $7,800 (in PPP terms), ranked 83rd in the world. Nominal GDP (in U.S. dollars, calculated at market exchange rate) was $198 billion, ranked 41st in the world. By July 2008 the average nominal salary in Ukraine reached 1,930 hryvnias per month. Despite remaining lower than in neighbouring central European countries, the salary income growth in 2008 stood at 36.8 percent According to the UNDP in 2003 4.9 percent of the Ukrainian population lived under 2 US dollar a day and 19.5 percent of the population lived below the national poverty line that same year. Ukrainian administrative divisions by monthly salary
Ukraine produces nearly all types of transportation vehicles and spacecraft. Antonov airplanes and KrAZ trucks are exported to many countries. The majority of Ukrainian exports are marketed to the European Union and CIS. Since independence, Ukraine has maintained its own space agency, the National Space Agency of Ukraine (NSAU). Ukraine became an active participant in scientific space exploration and remote sensing missions. Between 1991 and 2007, Ukraine has launched six self made satellites and 101 launch vehicles, and continues to design spacecraft. So to this day, Ukraine is recognised as a world leader in producing missiles and missile related technology.
Location: Eastern Europe
Coordinates: 49 00 N, 32 00 E
Int. Dialing Code: +380
Currency: Hryvnia (UAH)
Language: Ukrainian
Area: 603,550 sq km
Capital City: Kyiv (Kiev)
Population: 45,700,395 (July 2009 est.)
Population Ranking: 27
Employment: 95.2%
Inflation: 12.3% (2009)
GDP: $294.3 billion (2009 est.)
GDP Ranking: 40
GDP Growth: -14.1% (2009 est.)
Internet Users: 10.354 million (2008)
Television Stations: 647 (2006)
Phone Lines: 13.177 million (2008)
Mobile Phones: 55.695 million (2008)
Major Industry: coal, electric power, ferrous and nonferrous metals, machinery and transport equipment, chemicals, food processing
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