Про экономику Украины…
At the warehouse of Modnakasta, one of Ukraine’s largest online retailers, the air hums with the lively chatter of workers and sound of hundreds of boxes being packed and sealed.
It sounds like success: clothing, footwear, household goods and bathroom items are all being loaded and then shipped throughout the country.
And indeed the company’s owner, Andriy Logvin, says business has rocketed since it began four years ago.
But because of Ukraine’s deteriorating economy, he says that right now the company is just managing to keep its head above water. Business has doubled in the past year, but because of the drop in value of the national currency, the hryvnia, he is barely breaking even.
A vicious war is raging in the country’s east, where pro-Russian rebels are defying Kiev. The war has killed at least 5,000 civilians and combatants, laid waste to towns and cities and displaced hundreds of thousands.
And Ukraine is facing another potentially monumental crisis.
If Kiev does not find billions of dollars soon, experts and officials inside the country and abroad warn, it could experience an “economic meltdown”.
Mr Logvin is bracing for the worst.
“In general, every big business is facing the new year hoping the economy will get better, at least in 2016,” he says. “Everybody is aware that 2015 will be a huge challenge, for everybody. This year I’m not planning any positive scenarios at all.”
For him, it’s a question of survival - yet he is positive. “I think we are ready for the worst-case scenario. We will still be alive.”
Coffers emptying
According to some estimates, the country’s economy shrank by more than 8% last year, driven in part by the loss of revenues from the war-torn Donbass region, where the country’s money-making coal and steel industries are based.
At the same time, Kiev is shelling out billions of dollars: to pay off its international loans, buy natural gas from Russia and prop up the hryvnia which, despite officials’ best efforts, has lost half its value since last year, and considerably more on the black market.
So the government has less and less hard currency.
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