Ukraine is one of the larger European countries that are undergoing a high level of economical growth and development.
Ukraine is slightly smaller than France. Ukraine was the centre of the first eastern Slavic state, Kyivan Rus, which during the 10th and 11th centuries was the largest and most powerful state in Europe. A new Ukrainian state, the Cossack Hetmanate, was established during the mid-17th century after an uprising against the Poles. The final independence for Ukraine was achieved in 1991 with the dissolution of the USSR.
A peaceful mass protest "Orange Revolution" in the closing months of 2004 forced the authorities to overturn a rigged presidential election and to allow a new internationally monitored vote that swept into power a reformist slate under Viktor Yushchenko. Subsequent internal squabbles in the Yushchenko camp allowed his rival Viktor Yanukovych to stage a comeback in parliamentary elections and become prime minister in August of 2006.
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. In its efforts to accede to the World Trade Organization (WTO), Ukraine passed more than 20 laws in 2006 to bring its trading regime into consistency with WTO standards. The growth in the economy was considerable in 2006 and is likely to expand in 2007.
A greater number of new multi-national manufactures, companies and banks are daily being established in Ukraine. Expanding of real estate is also an important factor for the increase in cash flow in Ukraine.
There is a great potential for both the manufacturing expansion and scientific growth in Ukraine.
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