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Author Topic: Here Is Why Doing Business in Ukraine Is Unfortunately a Terrible Idea  (Read 284 times)

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Online Tom Cat

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Seems very little has changed in Ukraine over the last couple years.
How will Ukraine prosper, and grow without investment from outside?


Here Is Why Doing Business in Ukraine Is Unfortunately a Terrible Idea

http://russia-insider.com/en/heres-why-doing-business-ukraine-unfortunately-terrible-idea/ri16192
Don't shoot the messenger, links to articles posted, don't necessarily reflect my personal opinion.

Offline SuperPanda

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Re: Here Is Why Doing Business in Ukraine Is Unfortunately a Terrible Idea
« Reply #1 on: September 13, 2016, 12:09:30 PM »
Doing business in Ukraine is just as risky as doing business in Russia and you get many of the same problems that the article states.

If you've networked and know what you're doing, you will be fine whether in Russia or Ukraine.

Online Gipsy

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Re: Here Is Why Doing Business in Ukraine Is Unfortunately a Terrible Idea
« Reply #2 on: September 13, 2016, 02:11:58 PM »
Doing business in Ukraine is just as risky as doing business in Russia and you get many of the same problems that the article states.

If you've networked and know what you're doing, you will be fine whether in Russia or Ukraine.

You have of course some experience with doing business in Ukraine??


Offline SuperPanda

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Re: Here Is Why Doing Business in Ukraine Is Unfortunately a Terrible Idea
« Reply #3 on: September 13, 2016, 02:44:06 PM »
Doing business in Ukraine is just as risky as doing business in Russia and you get many of the same problems that the article states.

If you've networked and know what you're doing, you will be fine whether in Russia or Ukraine.

You have of course some experience with doing business in Ukraine??
Unfortunately I do, likewise Russia. I wouldn't do it again without utilising connections properly which I and others involved didn't do until too late. It didn't bother me as I lost nothing but time and got paid, the owners were screwed out of a lot.

Offline Manny

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Re: Here Is Why Doing Business in Ukraine Is Unfortunately a Terrible Idea
« Reply #4 on: September 13, 2016, 08:58:25 PM »
I've dabbled in business in Russia. I even tried to manufacture there instead of China. It was another world. Simply put, the people I encountered weren't ready and were unaccustomed to do international business by normal standards. Blokes were asking stupid questions like "How much do you have to spend?" and were more interested in asking my wife out for lunch than they were to actually do a deal or fix prices and terms.

I recently did some business with a firm in St Pete. A big firm, all very professional and they seemed on the ball. They paid for an initial small order on the nail in advance. I did them a very good price to encourage future business. We shipped a handful of specialist electronic items out. They claimed one didn't work. In over a decade I have yet to encounter one that didn't work.  (:)

I gave them the benefit of the doubt, swallowed the profit on the deal and sent a replacement as goodwill. A second order did not follow (as yet). Did we see the typical 'rip off now and to hell with later' mentality I have seen before in Russia and the close FSU? I suspect so, but time will tell.

Even in Estonia, a bloke I had dealt with for a long time shafted me out of just a few Euros because he felt he "deserved" it as he had worked harder than he thought he might have to on one deal of many. I asked him why some numbers didn't quite tally, he blew up. He traded goodwill and trust built up over years to nail me for a few Euros that would hardly pay for one restaurant dinner. These folks dont understand the long view, cannot swallow their own mistakes or deal with anything out of their comfort zone. If it isnt black and white with them earning easy money, they will try to nail your hat on.

That has been my experience, much as I would like it to be different.
Gordon Gekko: "The point is, ladies and gentleman, that greed, for lack of a better word, is good. Greed is right, greed works. Greed clarifies, cuts through, and captures the essence of the evolutionary spirit. Greed, in all of its forms; greed for life, for money, for love, knowledge has marked the upward surge of mankind. And greed, you mark my words, will not only save Teldar Paper, but that other malfunctioning corporation called the USA."