Ukraine is going into the final round of its president ial election many ukrainians are still struggling to make ends meet but well show you one of the few economic sectors that keeps people from looking abroad for better opportunities also coming to the United States is piling the pressure on cuba as it struggles to cope with problems relating to ally venezuela and sleeping near the office Young Professionals in the uk are dealing with high rents and long commutes. Because cobra merlyn good to have you with us ukrainians go to the polls on sunday in the final round of the countrys president ial election corruption and long low Living Standards are among the defining issues now as real incomes fell in recent years millions of people voted with their feet looking for work in the European Union one industry thats bucking that trend is i t allowing young ukrainians to earn european wages while staying at home. Its not hard to understand why millions of tourists make their way to libby and Western Ukraine every year its buyers and cobbled streets a less than an hours drive from the polish border a low cost flights connect the city just nations across the u. But tourism which is long dominated the citys economy is now getting a run for its money from an unlikely competitor i t. V is home to more than Three Hundred Eighty companies and most of their work comes from abroad one of them is in i. X. Based in this soviet era factory complex. But instead of the Television Sets that were once made here and i. X. Develops everything from Accounting Software to simulators for american for talent. To share but you know this solution allows quarterbacks to practice on their own away from the football field this simulator also reduces the number of the injuries. What began as a startup with just three people now employs almost one thousand programmers and support staff. Founder and c. E. O. And republic of credits Worldwide Growth in the demand for outsourced i. T. Services is being the main driver of his companys success but ukraines twenty fourteen Association Agreement with the e. U. Has helped the countrys reputation it would give you know the level of trust towards ukraine has increased before Many International companies wouldnt consider working with us but now they are much more open to doing business with us the Association Agreement is a signal that the country is moving in the right direction of course but what is it the ukraine brings to the table in i. T. That its competitors in other parts of the world cant match specific all creeds of whats unique about ukrainians is that we are always living through
a crisis constantly having to solve problems just to survive our. Engineers brains are used to Problem Solving that affects their work for the better. Many of and i exist programmers have returned to ukraine after working and studying in europe in america. Back in ukraine they can still make comparable money working for International Clients while enjoying a far lower Cost Of Living and taxes a reverse brain drain the rest of the country can only dream of as millions of ukrainians leave the country every year in search of a better life. Its a trend City Government is keen to encourage from Teaching Coding in schools to providing free land to build housing for the citys growing population of programs. The head of the citys dedicated i. T. Office is bullish about leeds prospects. This year could be Internet Space and people are moving to the view from all over the country because its a great place to live we have great Coffee Culture and competitive wages thats
really important i. T. Specialist can earn as much here as they would and more source of savvy chief says he. But this is not about charity the city calculates that each well paid i. T. Job brings another three or four support jobs which. Come with that hope that in years to come the even ukraine could bring more of its citizens home with a growing number of opportunities to make a decent living. Also in ukraine a court has ruled that the nationalization of the countrys biggest lender a private private bank was illegal the Financial Institution was nationalized and twenty sixteen after the government discovered a capital shortfall of more than Five Billion Dollars the ruling as you does a setback for incumbent president Petro Poroshenko in this weekends president ial race the banks for more of the car owner is seen as a supporter of his challenger t. V. Comedian while on a mirror. And now to some of the other Global Business stories making the news. India low cost carrier spice jet says it will prioritize hiring more employees of foundering rival jet airways jets Managing Director said the company had already taken on more than five from jet Airways Pilots cabin crew and technical staff jet airways grounded all its planes this week indefinitely after failing to secure urgently needed funds the International Monetary fund is grinding mozambique a one hundred eighteen Million DollarCredit Facility its to help the country rebuild after cycling killed hundreds of people and flattened whole video last month the worst cycle in decades last the eastern indian ocean coast the World Bank Says affected countries will need over Two Billion Dollars to recover south africas government has been forced to bring forward its bailout of state Power Company eskom to avoid default over three hundred fifty Million Dollars into the struggling utility and could provide more soon as supplies more than ninety percent
of south africas electricity needs. Now after two decades of relative economic stability shortages of food and medicine have once again become a serious Daily Problem for millions of cubans one reason for cubas worries the crisis in venezuela which is a long time ally and the United States is piling on pressure as well its just after eight in the morning. Lined up behind some one hundred others hoping for the chance to buy some frozen chicken legs. She has to wait a full two hours but at last she comes away with two kilos of chicken by ten everything sold out she just made it. At the back of it my hips are giving i have a bad back neck and im more nights but im still in good health and i walk all
around a little i Dont Stay Sitting here. And. Since cuban ally venezuelas economy fell into Crisis Scarcity has become an everyday norm in cuba as well. With the situation in venezuela getting worse it affects us of course we are countries that help each other and theyre the ones who have the resources and other things. Right. Now the Trumpet Ministration is working even harder to push cuba towards its own economic crisis on wednesday washington announced further measures against the island state and its allies including a cap on the amount of money families in the u. S. Can send relatives in cuba. And the moment of the sanctions will have an impact and a particularly delicate time for the countrys external finances it immediately my theory this is a factor which has a higher probability of worsening the Economic Situation in the coming months the
president was butting through just by this scenario in my opinion i dont think we are returning to the worst times like we had in the early one Nine Hundred Ninety s. Those were the days of the almost total embargo today though cuba does business with dozens of nations hosts nearly five million tourists a year and cubans can travel freely. Now why put yourself through hours of commuting every week when you can simply live near work in a dormitory its becoming a viable option for many Young Professionals in the philippines who dont mind the hostel feel. This is a tale of everyday madness anyone who wants to get from a to b. By bus in manila needs nerves of steel traffic is complete chaos its quicker to go by foot but then theres the risk of suffocation many people work in the financial districts of bonafide c. E. O. And mccarty most of them commuters. You know spend almost as much time on the road to work as they do in the office the daily commute averages about sixty six minutes but can stretch up to two hours because of crumbling Road Infrastructure and a poor Public Transportation system now Living Spaces called dormy tales are a cross between College Dorms and hotels are cropping up across the metropolis offering a way to shorten the commute to work. Theres not much by way of pretty and its not cheap either of it costs around One Hundred Fifty Dollars a month even young people starting out on the Career Ladder Earning around Six Hundred Dollars a month after rentier people like zero zero zero s. The bank workers shares a room with three other women but now shes only ten minutes away from work she used to have to get up much earlier. Birthday the am i with a big bang prepare and then. Leave the house before six am. Two hours. Five minutes so. That would be almost six hours it takes proper rest to build up a Fledgling Career which means more and more of these dormant tales are springing up there are now around ten thousand sleeping quarters in manilas financial district. And that wraps up this edition of business if you want more go ahead and check out our website at www dot com Slash Business where you will always of course find the latest on your cranes president ial election for me and the entire team here roland thanks for watching have a great weekend and have east. Its crunch time the european elections are just around the corner the giving is easy you might ask is it but why should i care what the European Market is one of the biggest in the wilds of everyone Everybody Needs to get to watch our special soft new elections why they matter to asia. Is a decent strategy it will actions why they matter to asia know. Something nice for empires came to jurors or didnt move anyone at all they killed many civilians i mean the irish coming including my father was sometimes and i was