Episode Description: Welcome to Episode 4 of The Not-So-Crazy Canuk Podcast. Matt Simpson explains how the Ukraine is emerging as a place which wants to stifle corruption and join Europe with a willing, educated population.
Be sure to subscribe, for lots more business and investing educational tips! Click here to download this episode to your computer
Our guest on the NotSoCrazyCanuk today is Matt Simpson, CEO of BlackIRON, a mining company with interests in the Ukraine. Matt is going to talk to us today about the political situation in the Ukraine and how the recent changes are making it more investor-friendly.
Matt Simpson explains how the Ukraine is emerging as a place which wants to stifle corruption and join Europe with a willing, educated population. Currently the GDP of the Ukraine percapita is under $3000 US/yr: people are making about $1.50/hr. Despite this fact, over 90% of the population is educated.
As part of the recent troubles, there was a revolution, resulting in a change of government. Subsequent to the March 2018 elections, more changes have taken place: there is no immunity for parliamentarians, for example, meaning that they are liable if convicted of corruption! This has resulted in the Ukraine earning an “ease of doing business” rating of 64, which is better than most South American countries. Note that Canada’s rating is 32.
As well the troubles with Russia are getting resolved. Russian troops took over the Crimea but after that, mostly sat in a zone in eastern Ukraine near their border. Currently this is being negotiated, likely to end up as a buffer zone – perhaps a “state within a state”.
Other topics which were discussed were land reforms and bailouts the Ukraine received to help stabilize the economy, and more. The land reforms particularly, were important to revive Mining, the Ag space and interests in technology.
Thank you for taking the time to listen to our podcast episode this week. Please share your thoughts and ideas by leaving a message on this post.
And remember 🙂
If you enjoyed the episode please take a moment to share it on social media using our social sharing links. Thank You for all the support!!