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In the early 2010s, Ukraine was noted as possessing many of the components of a major European economy, such as rich farmlands, [32] [33] a well-developed industrial base, highly trained labour, and a good education system. [34] It also has important mineral resources. [35] In October 2013, the Ukrainian economy lapsed into a recession. [36]
Location of Ukraine. Ukraine is a sovereign state in Eastern Europe, [1] Ukraine has an area of 603,628 km 2 (233,062 sq mi), [2] making it the largest country entirely within Europe and the 46th largest country in the world, and a population of about 44.5 million, making it the 32nd most populous country in the world.
Although the industry is often associated with the coal-rich Donets basin in the east of the country, other coal mining regions include the Lviv-Volhynian basin and the Dnieper brown coal mining basin. The Donets basin is Ukraine's most developed and largest coal mining region. In 2013, Ukraine was the third largest coal producer in Europe.
Industry of Ukraine has a strong material and technical base. [1] [2] The value of fixed assets is 644,767 million ₴ (as of 2007), which is almost 2.3 times more than the value of fixed assets in 2000. The complex employs more than 3.6 million workers, who together brought in industrial profits of 43,700.9 million ₴ (2007), which is 5 times ...
Some statistics on this page are disputed and controversial—different sources (OPEC, CIA World Factbook, oil companies) give different figures. Some of the differences reflect different types of oil included. Different estimates may or may not include oil shale, mined oil sands or natural gas liquids.
Ukraine possesses substantial natural reserves of iron ore. Ore mining exceeds the demands of domestic steel mills, but export potential is weakened by high extraction costs. [6] The Ukrainian iron and steel industry is concentrated in central , southern (Zaporizhia, Nikopol) and eastern (Dnipro, Donets Basin, Mariupol) regions of Ukraine.
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Pro-Western sources have criticised Ukraine’s lack of political reform or action against corruption, and the influence of Ukrainian oligarchs on domestic and regional politics, particularly their links to Russia. [1] [2] In 2008, the combined wealth of Ukraine's 50 richest oligarchs was equal to 85% of Ukraine's GDP. [3]