Ukraine's leading English-language newspaper since 1995

Dear Editor,

I read with interest the article (Jock Nunan, September 3rd), that while Ukraine needs help, there are signs of a reversal and hopefully an upswing in the frail economy.

Having spent some months last year working in Kyiv, we certainly hope that this vibrant young economy can get back on its feet. It needs political stability, committed foreign support, and above all a belief in long term performance that goes beyond the immediate cash gratification that recent businessmen (domestic and foreign investors) have been seeking.

Kyiv and Ukraine are not alone in exposing black market trading, bribery and corruption. It happens globally, but is talked of as being part of this country's culture. In a stage of adolescence it may be accepted – but as the country grows and matures its systems, that too will have to change to attract stable development and investment. The government has to begin to drive ethical change from the very top that will build a strong and powerful country for future generations. As the breadbasket of Europe; a producer of steel; the largest landmass that sits between Europe and Russia, Ukraine has a tremendous future potential as both a political and economic presence. We have to begin to think about future generations.

It is time to recognize that change takes time and yet more suffering, however to evolve into a leading economy requires people at many levels to embrace a new way of working. Too often we heard that old saying ‘that will not work in Ukraine’. Many of the young talented folk we met are cynical and feel betrayed by the corruption and visible wealth on the main streets – and equally visible poverty of the suburbs. Trouble is that they too will buy into that unless they can receive support and see alternative solutions to gaining a better lifestyle for them and the country as a whole.

Ukraine has huge potential. The people are generous and kind. Business needs organization and integrity. We need to convince those people who are suspicious of change that together they can build a new and better tomorrow for Ukraine. My company – alongside many others – will welcome the opportunity to play a part in the revival of business and economic growth. We specialize in business continuous improvement, people development and process management. When there are people like us willing to bring insight into ‘world class performance’ to the market – then failure is truly not an option.

Jan M. Stefanowicz,

Managing Director fasEo LTD,

Kyiv