The economy was shrinking in the third quarter. More companies have adopted hiring freezes, slashed salaries or laid off staff. Economic stagnation, corporate raiding and a dismal investment climate means that few Ukrainians saw their incomes rise.
But for some it keeps getting better. Ukraine’s 10 richest people, according to Forbes Ukraine, are worth an extra billion dollars compared to last year.
Even more impressive is the jump in the two latest full rankings by Korrespondent magazine (2010 and 2011), which shows the worth of the top 100 jump from $66 billion to $83 billion – half the country’s gross domestic product.