Bread basket of Europe is an old description of Ukraine.
Among all the associations foreigners have with Ukraine, the oldest and still valid assertion that Ukraine is the bread basket of Europe. So, why is Ukraine called the “Bread Basket of Europe?” Continue reading “Bread Basket of Europe”
Month: April 2009
Sustainable evolution of the Ukrainian market
Ukrainian consumers’ behavior is changing to sustainable consumption despite the financial crisis. Without any marketing efforts, Ukrainians are going back to “grandma’s recipes” and village markets or bulk home deliveries for basic fruit and vegetables at prices below supermarkets’ bids. Continue reading “Sustainable evolution of the Ukrainian market”
ING plans to pull out of Ukraine
ING Bank of the Netherlands has announced its plans to separate its banking and insurance businesses, sell off 8 million EUR worth of assets and pull out of Ukraine where it started its banking operations in the spring of 2008. Continue reading “ING plans to pull out of Ukraine”