KyivPost

Ukraine’s richest double net worth in five years, control more of GDP

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Dec. 15, 2011, 9:49 p.m. | Business — by Mark Rachkevych

The Kyiv Post published the first-ever listing of richest Ukrainians on June 29, 2006. Not much has changed in the last five years – except that many of the richest have gotten even richer.

Mark Rachkevych

Mark has been a reporter for the Kyiv Post since 2006, but joined full-time in 2009. A native Chicagoan where he was the co-founder of the now defunct Glasshouse Magazine, Mark currently is an editor of business news and still contributes stories on an ongoing basis. He is a former U.S. Peace Corps volunteer, a graduate of St. Norbert College in Wisconsin, and fluent in the Ukrainian and Russian languages.

Ukraine’s 30 richest people now account for more than half the nation’s gross domestic product, indicating that wealth concentration has intensified noticeably since 2006, when the Kyiv Post published the nation’s first ranking of richest Ukrainians.
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Anonymous Dec. 15, 2011, 10:43 p.m.    

So, in a "developed civil society" like the USA where protestors are calling themselves the 99% (actually it's the 99.95%), where does this put the average Ukrainian citizen?

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Anonymous Dec. 16, 2011, 6:44 a.m.    

I was watching the debates when I saw this article. Soon we will have a fair election, probable change of government, peaceful transfer of power. Just like the last 200+ years. Ukraine can be found behind the eightball; but we are pulling for you.

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Anonymous Dec. 16, 2011, 7:48 a.m.    

This is like saying the best thieves make the most money. We all know these pigs steal entire sectors of the economy and are immune to the same idiot tax laws that prevent 98% of Ukrainians from doing any form of business.

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Anonymous Dec. 16, 2011, 3:13 p.m.    

The Party of Regions oligarchs deny the Ukrainian freedom but they and their families prefer to live in the EU. Their visas should be denied and they should not be allowed beyond Ukraine.

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Anonymous Dec. 16, 2011, 7:33 p.m.    

It is Good!

Ukraine develops as any other country of Stateless Capitalism

National Capital grabs money where it can (first of all it’s in their country of political and economic domain, Ukraine in this case), and moves these money to where the profits, monetary or political, are higher.

In Ukraine they have all the power, not much to gain but few more percent, so they move it outside, not because of those funny explanations in Russia and Ukraine of top “business being afraid for their money future”, - they can gained at any government and work with any government.

As soon as Ukraine opened itself to international investors, “local” business also wants to have that freedom, from its “motherland” Ukraine, and from its population.

Orange Revolution declared this openness, and jumped into fast-path to Stateless Capitalism

Russia and Belarus are mingling somewhere in between, trying to hold on to, find a way for its independence; they are looking ate China as example now. As to Ukraine – one step left to complete the “international” path.

So it is Good if that’s Ukraine’s goal.

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Anonymous Dec. 17, 2011, 8:23 p.m.    

Ukraine is Africa

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Anonymous Jan. 7, 2012, 12:16 p.m.    

People should also remember what history taught as well, when a select group controlled most of a countries GDP it gave rise to a dictator that ruthlessly persecuted them. ADOLF HITLER's rise to power was partly as a result of the jewish community controlling the majority of the countries GDP.

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