presentation by theo schnitfink
DESCRIPTION
ÂTRANSCRIPT
A Case Study
• Not in EU, so Lower Cost base
• No Visa needed for EU and US visitors
• Most Democratic from NON-EU countries… it seemed ;-)
• Lviv because it had great Universities and an International Airport
A Case Study
WHY Ukraine? (In 2009)
• Biggest Financial Crisis in history. No Growth for first 1,5 years
• Revolution, Maidan
• Invasion and Occupation of Crimea by Russia
• “Invasion and Occupation” of Donbas Area in Eastern Ukraine
• Mobilization
• Corruption …even from from Tax authorities
• No Financing from Banks for Cash-Flow
• Collapse Euro to $ from 1.50 to 1.02
• IT Salaries Doubled during last years
A Case Study
What happened after starting?
• Almost 300 people
• Almost 10 Mio Revenue
• +10% EBIT
• NEVER PAID BRIBE!!
• 2 new Offices last year (Rzeszow, Poland and Skopje, Macedonia)
• 100% Client Retention
• Top 5 Preferred to work for companies in Lviv
• CIO-Review: 2016 TOP 20 Most Promising JAVA companies
• CIO-Review: 2016 TOP 20 Most promising QA/Testing Companies
• Bank just informed they will FINALLY give a Loan for Cash-Flow
• My Second Home
A case study
Where we are today.. despite all issues…
• Ukraine has been successful despite al issues !!
• Now things are more stable… it should be easier for new investors ;-)
A Case Study
My Conclusion :
• It is (MUCH MORE) important WHO YOU KNOW!!!
• Embassy and Consulate
• EBA (European Business Association)
• Local Foreign Investment Office (Lviv)
• Local Authorities
• Local “Colleagues in the Industry”
• NEVER pay Bribes!!!
A Case Study
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