if we have to believe the author of the below article, we need to forget about China or the BRICs, Ukraine is the place to be.
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Many world companies preparing to move production from China to Ukraine
"Ukraine has a good location, well-educated workforce, which has all the components to do a good job. That is, we are here to create more factories, more local producers and to make production for export," General Director of Phillips Ukraine LLC Maarten Durville said.
"Ukraine has a good location, well-educated workforce, which has all the components to do a good job. That is, we are here to create more factories, more local producers and to make production for export," General Director of Phillips Ukraine LLC Maarten Durville said.
According to him, the main reason why Ukraine is yet seen as a competitor of the Asian region - a higher cost of production in Asia. This, in particular, contributed to a significant devaluation of the hryvnia against major world currencies, which made the export production in Ukraine more favorable than in many other countries.
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