Ukraine's truck mar­ket rolls to­ward re­cov­ery

Kyiv Post Legal Quarterly - - Contents - BY NATALIA DATSKEVYCH DATSKEVYCH@KYIVPOST.COM

Ukraine’s four nomic ery, say years cri­sis, ex­perts, truck ago is dur­ing now mar­ket, with rolling sales the which fi­nally coun­try’s to­ward took near­ing re­cov- a eco- hit pre-cri­sis But al­though lev­els. truck­ing is on the up­swing, de­mand has evolved, with trans­porta­tion busi­nesses mak­ing more strate­gic de­ci­sions about their as­sets and in­vest­ments. Mean­while, bad in­fra­struc­ture and a worn and pit­ted road net­work have made it dif­fi­cult ly lift In it­self 2011, for out Ukraine’s Ukraine’s of the trans­port rut. truck sales sec­tor reached to ful5,000 in­for­ma­tional per year, and ac­cord­ing an­a­lyt­i­cal to Au­to­con­sult­ing group. Then came Rus­sia’s war against Ukraine in the wake of the Euro­maidan Rev­o­lu­tion that on Feb. 22, 2014 ousted Pres­i­dent Vik­tor Yanukovych, whose in­ner cir­cle stole bil­lions of dol­lars from the coun­try and pushed it into eco­nomic cri­sis.

The pre­mium seg­ment of trucks sales dou­bled in 2017 com­pared to 2011 as busi­ness warmed up to mak­ing long-term in­vest­ment. (Courtesy of MAN Truck & Bus Ukraine)

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