Businesses await tough talks between Kiev and creditors

Global Business

Ukraine says it’s on the way out of recession and officials say exports are key to turning the economy around, but business owners say they’re struggling to keep working. Kiev is now looking to raise billions of dollars in much needed funds. A history of corruption and mismanagement threatens to derail the effort. CCTV’s Kate Parkingson filed this report from Kiev.
Follow Kate Parkinson on Twitter @katecctvnews

 

Businesses await tough talks between Kiev and creditors

Businesses await tough talks between Kiev and creditors

Ukraine says it's on the way out of recession and officials say exports are key to turning the economy around, but business owners say they're struggling to keep working. Kiev is now looking to raise billions of dollars in much needed funds. A history of corruption and mismanagement threatens to derail the effort.

Highlights:

  • A sharp collapse of Ukraine’s currency means the cost of importing raw materials has skyrocketed.
  • 18 months of revolution and war has taken a grim toll on Ukraine’s economy and ordinary Ukrainians are feeling the pain. Experts warn if Kiev doesn’t find billions of dollars soon, Ukraine could experience an economic meltdown.

Charles Ortel on Ukraine’s economy
For more on what Ukraine is doing to grow its economy we are joined by Charles Ortel. He’s Managing Director at Newport Value Partners.

Charles Ortel on Ukraine\'s economy

Charles Ortel on Ukraine\'s economy

For more on what Ukraine is doing to grow its economy we are joined by Charles Ortel. He's Managing Director at Newport Value Partners.