BMI's Executive Summary

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Ukraine was one of the most important republics of the former Soviet Union (USSR). The country's agricultural and industrial sectors are both reasonably well developed. The Ukrainian economy logged a growth rate of 8% year-on-year (y-o-y) in Q107 where its GDP stood at UAH133.12bn (US$26.47bn). The construction sector in the country, on the other hand, grew at a rate of 13.4% y-o-y to UAH15.4bn (US$3.05bn) during the first five months of 2007. BMI forecasts that the construction industry will contribute an average rate of 10.23% to the domestic economy during 2008-12.

The Ukrainian economy has significantly benefited from the laws that were passed in 2006 in order to bring the country's trade regime in line with WTO standards and from the strong flow of FDI into the country. Rising steel prices worldwide and an increasing domestic consumption also helped the country register a growth in GDP. Ukraine's economy and its infrastructure sector have also benefited from the preparations for the EURO 2012 Football Championship. Some of the major infrastructural events occurring in the country include the construction of a container terminal valued at US$373mn at the Pivdennyi Maritime Mercantile Port and construction of the Odessa-Brody-Plock-Gdansk pipeline to supply crude oil from the Caspian Sea. Besides this, extensive construction of road networks, power plants and commercial and industrial complexes have also contributed to infrastructural growth.

However, political stability still continues to elude the nation, which has witnessed fierce infighting among political parties in order to dominate the national political scenario. Apart from this, inflation – though expected to recede in 2008 – is likely to remain at more than 5% even post-2012. The country might also have to contend with a widening current account deficit, owing to strong import demand and real currency appreciation, in combination with an undiversified export base, rising gas import prices, and an expected drop in global steel prices in 2008. Corruption is also widespread in the country; Ukraine was ranked 107th out of 158 countries in Transparency International's Corruption Perceptions Index for 2005.

Ukraine however is expected to grow at an average rate of 6.4% during 2008-12 on the back of strong domestic demand and, in the latter part of the forecast period, improving export prospects. Further, BMI forecasts that the construction sector in the country will grow at a rate of 10.2% during the same period.

Contents

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Chapter 1 - Industry Trends And Developments

Market Overview

Ukraine’s Economy In 2006

Ukraine’s Construction Industry in 2006

Major Companies

Some Recent Investment Initiatives

Chapter 2 - Key Projects

Transport

Utilities

Tourism

Residential And Commercial Construction

Table: Ukraine – Major Infrastructure Projects

Table: Ukraine – Major Infrastructure Projects (cont:)

Table: Ukraine – Major Infrastructure Projects (cont:)

Chapter 3 - Business Environment

Introduction

Table: Emerging Europe Business Rankings

Business Attractiveness Rankings – Methodology

Regional Overview

Business Environment Ranking

Long-term Economic Risk

Long-term Political Risk

Construction Growth

Competitive Environment

Anticipated Potential

Chapter 4 - SWOT Analysis

Ukraine Infrastructure Industry SWOT

Ukraine Political SWOT

Ukraine Economic SWOT

Ukraine Business Environment SWOT

Chapter 5 - Industry Forecast Scenario

Table: Industry Forecast

Chapter 6 - Macroeconomic Outlook

Table: Growth And Output

Chapter 7 - Country Snapshot: Ukraine Demographic Data

Section 1: Population:

Table: Demographic Indicators (2005)

Table: Rural/Urban Breakdown

Section 2: Education & Healthcare

Table: Education

Table: Healthcare: Vital Statistics

Table: Healthcare: Expenditure

Section 3: Labour Market And Spending Power

Table: Employment Indicators

Table: Consumption and Stratification

Table: Wages per year

Chapter 8 - Competitive Landscape

Table: Key Players

Chapter 9 - Company Monitor

Kyivmiskbud Holdings

Aerobud

TMM

Chapter 10 - BMI Forecast Modelling

How we generate our Industry Forecasts

Construction Industry

Sources

Chapter 11 - Appendix: Regional Demographic Data

Wages (ave labour force per annum), US$ PPP

Population

Household Spending Per Capita, US$

Private Consumption Per Capita, US$ PPP

Market Size, GDP, US$bn

Competitive Landscape for Europe Infrastructure Reports: Sample of Companies Ranked

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Comparative company analyses and rankings by sales, % market share, employees, registration date and ownership structure. Company profiles include fully researched senior executives and contact details, business activity and leading products and services. SWOT (strengths, weaknesses, opportunities, threats) of the state’s business environment, infrastructure sector, politics and economics, which carefully evaluates the short- and medium-term issues facing the industry.

Network of European Infrastructure Sources

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BMI's European Infrastructure Reports are based on an extensive network of multilateral organisations, government departments, infrastructure industry associations, chambers of commerce and company reports. Information sources include: