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Questions and answers:

Mike asks: Is there any estimate of the value of mineral reserves by regions of Ukraine? I would like to use this information for my studies. Thank you!
Expert's answer:
As of early 2005, the proven reserves of mineral resources of Ukraine were estimated at about $7-10 trillion. By 2023, according to Forbes, this amount has increased to almost $15 trillion. About 70% of the total amount falls on only three regions - Donetsk Oblast (3.8 trillion), Dnipropetrovsk Oblast (3.5) and Luhansk Oblast (3.2). Other regions (in billions):
  • Poltava - 790,
  • Kharkiv - 685,
  • Zaporizhzhia - 605,
  • Zhytomyr - 555,
  • Lviv - 521,
  • Kirovohrad - 270,
  • Crimea - 206,
  • Cherkasy - 168,
  • Ivano-Frankivsk - 99,
  • Zakarpattia - 63,
  • Sumy - 62,
  • Volyn - 46,
  • Rivne - 43,
  • Mykolaiv - 38,
  • Khmelnytskyi - 31,
  • Chernihiv - 25,
  • Vinnytsia - 24,
  • Kyiv - 21,
  • Ternopil - 14,
  • Chernivtsi - 10,
  • Odesa - 10,
  • Kherson - 10.
In the total value of minerals, about 62% is provided by coal, 14% by iron ore, each of the other assets is less than 5%. The total volume of minerals is 111 billion tons. I hope this information will help you in your studies.
Irine asks: What is the average salary in Kharkiv, Ukraine?
Expert's answer:
As of September 2021, the average salary in Kharkiv is about 13,000-14,000 Hryvnias per month (500 USD).
Mohamed Ahmed asks: Hi there. What are the conditions to make a company in Ukraine? And what are the documents I'm going to need since I'm not an Ukrainian citizen? best regards
Expert's answer:
You should contact Ukrainian legal agencies. I have found some contacts: first, second, third.
Rick asks: Thank you for the answer about the post system. Do banks function normally in Lugansk?
Expert's answer:
Ukrainian banks don't operate in this territory, as well as any other reliable foreign and even Russian bank. Citizens of Ukraine living in a zone beyond the control of the Ukrainian authorities can and have to receive banking services in the rest of Ukraine without restrictions.
Robert asks: How many banks are in Lugansk and how can I contact them if I need their services?
Expert's answer:
Here is the list of Lugansk banks that may be useful. You can use the following service to translate the sites from Russian/Ukrainian if necessary.
Yaryna asks: Which industries contribute to GDP of Ukraine most of all?
Expert's answer:
The following heavy industries are on the leading places in Ukrainian GDP: coal mining, metallurgy, and machine building.
Sake asks: While scrolling through Google Earth, I stumbled upon Kherson province of Ukraine. The remarkable things were the countless circles that can be seen from great height. It looks like some kind of farming method, but I can't seem to find anything on the internet about it. I'm curious what this could be, since it doesn't look like I've ever seen. Thank you.
Expert's answer:
These numerous circles are agricultural fields equipped with automatic watering machines riding in circles.
harry asks: I want to buy flats in kiev or kharkiv region and give them on rent. is it safe bussines in ukraine for foreigners?
Expert's answer:
I think it doesn't matter if you are a foreigner or not (it may be even your advantage someway). If you are not afraid to have business with additional risks in a country of young democracy and market economy with its typical imperfections (high level of corruption, crime situation etc.) you will be successful. And here is the rating about doing business in Ukraine
Micheal asks: I just want to know how many oil/gas refineries, or related industries are in Ukraine?? If possible how could i reach them?
Expert's answer:
Unfortunately, I haven't found the information you need.
Alirza asks: I'd like to start a bussiness in Ukraine, but i'm afraid about criminal situation, racissim,and unstable situation. How is the general atmospher in Ukraine,regions like Odessa,Mikolayiv??Are they safe?
Expert's answer:
The problem of Odessa is street crime. 60% of people (October 2007) don't feel themselves safe during evening or night time. The same situation is with Nikolaev. Unfortunately I don't have enough information about Odessa organized crime. Ukraine statistics: 2006 - every third crime was not solved. My advice is: try so find someone who is already doing business in these cities and ask him the specific questions.

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