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Ukraine, which has a population of 46m, is a mixture of Russian and European identity, history and influence. Spanning an area of 603,700 sq km, Ukraine is the second-largest country in Europe after Russia, and possesses a wealth of natural resources, along with fertile, arable land and soil. Indeed, as part of the Soviet Union, it generated over a quarter of the country's agricultural output and its heavy industry sector was vital. Independence in 1991 saw domestic output plummet and inflation rise, but, despite a period of political turmoil, the country is tackling these growing pains and getting back on track, buoyed by an increase in private investment and reforms to the economy's structures.

Publisher: Oxford Business Group

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