Disappointment is setting in among businesspeople who initially cheered Yanukovych’s rise as a welcome end to years of constant bickering between former Orange Revolution heroes Viktor Yushchenko and Yulia Tymoshenko.

Yanukovych has used his political strength to monopolize power. Regrettably, the country’s entrepreneurs are being hurt by the abuses that such a „vertical” system inevitably brings.

A report by Austria’s Erste Bank released on Oct. 16 carried the unsettling title: „Ukraine is heading into a recession.” Growth is already negative and likely to remain so until sometime next year.

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