derdeveloped infrastructure and transportation, corruption and bureaucracy. In 2007 the Ukrainian stock market recorded the second highest growth in the world of 130 percent. According to the CIA, in 2006 the market capitalization of the Ukrainian stock market was $111.8 billion. Growing sectors of the Ukrainian economy include the information technology (IT) market, which topped all other Central and Eastern European countries in 2007, growing some 40 percent.
Ukraine has a very large heavy-industry base and is one of the largest refiners of metallurgical products in Eastern Europe. However, the country is also well known for its production of high-technological goods and transport products, such as Antonov aircraft and various private and commercial vehicles. The country’s largest and most competitive firms are components of the PFTS index which is traded on the PFTS Ukraine Stock Exchange.
Well known Ukrainian brands include, amongst others, Naftogaz Ukrainy, AvtoZAZ, PrivatBank, Roshen, Yuzhmash, Nemiroff, Motor Sich, Khortytsa, Kyivstar, and Aerosvit.
Ukraine is regarded as being a developing economy with high potential for future success, however such a development is thought to be likely only with new all-encompassing economic and legal reforms. Although Foreign Direct Investment in Ukraine has remained relatively strong ever since recession of the early 1990s, the country has had trouble maintaining stable economic growth. Issues relating to current corporate governance in Ukraine are primarily linked to the large scale monopolisation of traditional heavy industries by wealthy individuals such as Rinat Akhmetov, the enduring failure to broaden the nation’s economic base and a lack of effective legal protection for investors and their products. Despite all this, Ukraine’s economy is still expected to grow by around 3.5% in 2010.
Most of the Ukrainian road system