Lviv Business

Using the current crisis to strengthen your employment position

Issue 15, July 2009.
We have been flooded with reports on the credit crunch crisis from every channel of communication including television, radio, print media and the internet. The economic recession brought on by some dubious lending procedures in the West has affected the highest levels of government and commerce, and has trickled down to the average person in a fierce deluge. Whereas in 2006-2007, vacancies were in abundance in virtually every region of Ukraine and salaries were growing at a rate of 20-30% per year, while positions were hard to fill as companies were either expanding their operations or new businesses were entering Ukraine, today, a mere year and a half later, we see the diametrically opposed situation. As companies concentrate their efforts on how to stay afloat, they are restructuring their businesses and this also means downsizing their staff, reevaluating staffing plans and compensation packages for the nearest future. Is there a safe haven where candidates can dock and weather the storm or perhaps even take control of these turbulent waters?

Lviv’s Link to the Capital

Issue 15, July 2009.
Deputy Mayor Oleksandr Zharikov is the focal point of the Lviv City Council in Kyiv and as such acts as the first port of call for many of the international investors currently looking to establish operations in the capital of West Ukraine. He also coordinates Lviv’s Euro 2012 preparations with Ukraine’s central government and is at the centre of efforts to get the city on schedule to serve as one of the country’s four possible host cities during the football championships. Mr. Zharikov, who has been based in Kyiv since late 2007, receives daily confirmation of the growing investor interest in Lviv and sees the tourism and IT outsourcing sectors as among the most exciting for continued growth in the coming years.

German company looking to Lviv for regional growth

Issue 15, July 2009.
Klingspor Ukraine’s General Director Roland Kaschny discusses why his company chose to set up a new production facility in Lviv Oblast and explains why despite a challenging global climate and local obstacles to investment, he remains optimistic about the economic future of the region.

Ukraine’s Cultural Capital Opens its Doors

Issue 14, June 2009.
Lviv was recently named Ukraine’s Cultural Capital, providing a boost to the city’s drive towards becoming one of the most exciting tourism destinations in the region. Lviv City Council’s Tourism and Culture head Andriy Sydor has been a leading figure behind efforts in recent years to reinvigorate the city’s cultural life with a string of ambitious public holidays, festivals and international events, and he believes that this latest accolade is merely an acknowledgement of the city’s status.

Staff leasing as an anti-crisis solution

Issue 13, May 2009.
This article is geared towards exploring options available to businesses today in their efforts to optimize business operations and take advantage of cost-saving services in regards to personnel expenses which typically comprise the most considerable part of any operational budget, and will focus on staff leasing services.

Tapping into the Tourist Trade Gold Mine

Issue 12, April 2009.
Ukraine is suffering more than most from the global credit crunch, which has been exasperated on a local level by the in-fighting and inability to reach consensus among the country’s political classes. With presidential elections fast approaching, many now fear that the current state of political deadlock will drag on into 2010, leaving the country’s economy to drift aimlessly and exposed to the worst dangers of the current international downturn. One of the few areas in which Lviv could be looking to bolster its local economy is in the field of tourism, and the good news is with more and more airlines now offering flights to Lviv, there is every reason to believe that even with money worries gripping potential tourists all over Europe, Lviv will nevertheless be able to attract enough visitors to keep the city’s coffers from drying up complete.

Building Business bridges

Issue 12, April 2009.
Leading Danish business consultant Anders Johansen has been active in Lviv region since 2001, and has helped a wide variety of international companies to enter Ukraine. He has witnessed the growth of the international investment community from the inside but believes that there is still a lot that needs to be done to create an investment climate which will prove regionally competitive.

Borrowing Big to Build a Better Lviv

Issue 12, April 2009.
The collapse of the international credit system has seen the cogs of global trade grind to a halt. But while the international press calls on governments to force banks to ease their grip on the levers of lending, Lviv is taking the initiative with a number of ambitious internationallyfunded infrastructure projects that could serve to catapult the city ever closer to EU standards. Serhiy Kiral, the Head of the Foreign Economic Relations and Investments Department at Lviv City Council, explains that by borrowing on a grand scale, Lviv’s authorities hope to be able to bring tomorrow’s innovations to the city today.

Will Lviv Become a Regional Outsourcing Focus?

Issue 11, March 2009.
A recent report produced by leading global professional services firm KPMG identified 31 cities world-wide which look set to become the “destinations to watch” for the next outsourcing wave, and Lviv was the only Ukrainian city to make it onto the list. KPMG specialists have indicated that the rush for new outsourcing centres is the result of two major factors: the credit crisis seems to have encouraged companies to consider outsourcing, while the traditional locations have approached their saturation point.

Transforming Lviv into an International Air Hub

Issue 11, March 2009.
Despite the current global downturn these are exciting times for Lviv, thanks in large part to ambitious plans to develop the city’s infrastructure in order to meet the demands the growing tourist trade and burgeoning investment climate. One of the centre-piece projects of the current wave of citywide rejuvenation is the plan to develop Lviv’s airport into an international hub capable of accommodating the hundreds of thousands of visitors expected to fly into the city for Euro 2012.