Lviv Business

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.

Preparing the Perfect Resume

Issue 10, February 2009.
As the credit crunch hits the Ukrainian economy many people have recently found themselves out of work and on the job market, making it more important than ever to stand out from the crowd. The best tool for attracting the attention of potential employers remains a high-quality resume, or Curriculum Vitae.

The importance of English language skills

Issue 7, November 2008.
How can I help you? This is a phrase we are all accustomed to hearing at cafes, company and hotel receptions desks throughout the world. We let out a sigh of relief when we find ourselves in foreign destinations and our interlocutors can communicate in English, the undisputed international language of today.

Freelancing your way out of crisis

Issue 9, January 2009.
We have seen the financial crisis, which originated out of some very dubious lending procedures in the U.S sweep through the North American continent, spill over into Western Europe and Asia and steam roll into Ukraine.

Banking of Halychyna

Issue 8, December 2008.
Austrian financial expert Karl Schlagenhaufen represents Volksbank in Lviv. Like many Austrians he reports finding a home-from-home for himself in Lviv and believes that despite the current global economic crisis, the future for the region remains bright.

Lviv’s Danish business leader

Issue 7, November 2008.
Danish businessman Lars Vestbjerg has been living and working in Lviv for just six years but has already managed to make his mark on the city’s fast-maturing international business community. His interests include property, footwear manufacture and investment, and throughout his career in Lviv Mr. Vestbjerg has matched the vigorous pace of his business activities with an active social and professional life that has seen him play a key role in establishing the European Business Association in West Ukraine while also representing his native Denmark and the broader international investment community.