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Business Odessa

Odessa is one of Ukraines economical centres which has a large sea port, developed industry, resort and recreation complex, transport, financial and social infrastructure. Odessa is mostly dealing with transport and external trade on the international labour division.

The city is situated on the Black sea north-western seashore on the trading routes from the Central and Northern Europe to the Close East and Asia crossing. The international transport route #9, which connects Finland, Russia, Lithuania, Byelorussia, Ukraine, Moldova, Romania, Bulgaria and Greece, passes through Odessa.

Odessa city port is the largest one in Ukraine: it has the power of 20 mln. Load tons a year, the total shoreline length of 8 km, accepts the vessels of up to 250 m length and up to 12.5 m waterline. The port transport lines are connected with over 600 ports of 100 world countries. There are ferry crossings connecting Odessa port with Turkey and Greece. According to the common classification parameters, the port is considered to belong to the largest ones class, has the international category and the active load turnaround and is the polifunctional type trading port. According to About the special (free) Porto-Franco economical zone law of Ukraine, a free economical zone, where the economical activity subjects have got the special term tax regime, is created on Odessa sea trading port territory. The railroad, automobile, aviation and pipe transport are developed in the city of Odessa as well.

Odessa is the Ukraines only fully formed local territorial manufacture complex and an industrial center. The citys industrial production manufacture structure is mostly dominated by the food industry, machine building and metal processing, oil industry, black metallurgy, building materials industry, chemical, oil-chemical, light and medicine industry establishments.

The city has an International Airports, which is one of the Ukraines largest ones, and its airlines are connected with many cities of Ukraine, CIS, and the countries of the Western Europe, Asia and Africa as well. Considering Odessas profitable geographical location as the Euro-Asian airlines crossing, powerful transport center, as well as the world leading expert companies making their predictions of the passenger and load aviation transportations increase, the Airport is supposed to be reequipped to meet the international demands. According to Ukraine Cabinet of ministers decree, the airport is handed into the citys communal property.

In Odessa, there are the National Bank of Ukraine branch, over 30 commercial banks, including the branches and depts, 27 insurance companies and their branches, Ukraine fund stock-exchange branch.

In comparison to the other cities of Ukraine, Odessa has started its business development way much earlier, and has achieved great results in trading. The ancient traditions of Odessa city as Ukraines south trading center have actively developed in this sphere.

There are over 467 foreign capital joint ventures in the city. The Presidents About the ground areas of non-agricultural destination sale decree, which allows the investors to purchase the establishments together with the ground they are located on, was an important step in the favorable investment climate creating. The city administration is also considering providing the investors with the special terms taxes. We are also ready to provide the municipal guarantees of returning credits destined for financing projects of high importance for the city development.

The city is ready for wide mutually profitable cooperation in every sphere. The greatest assistance will be delivered to the business activity subjects realizing the projects in the following branches:
residential realty building;
creating new establishments of food and processing manufacture and reconstructing the old ones;
tourism development;
city water- and heat-supply systems modernization;
energy-saving technologies introduction

*olumnist Denisova J
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