Six Ways to Invest in the Ukraine

Here is some interesting trivia about the Ukraine:

The Ukrainian stock market grew tenfold between 2000 and 2006.

It is ranked 28th in GDP by purchasing power parity.

It has a low low Gini coefficient which means it has more equal income or wealth distribution than other countries.

It is ranked 53rd in the world for Nominal GDP.

It was the republic with the second largest economy when it was part of the Soviet Union.

In 2006, they had economic growth greater than 5%.

The average annual growth of salaries has been 20% for the last five years.

It is known for the production of all types of transportation vehicles including automobiles, trucks, buses, ships, airplanes, subway cars, rail cars, and spacecraft.

Here are some stocks which operate in the Ukraine:

Mobile TeleSystems (MBT) provides cellular telecommunications services in Russia, Ukraine, Uzbekistan, and Turkmenistan. 25% of the company's net income came from the Ukraine. The stock has a P/E of 22.9, and a PEG of 1.9.

Vimpel Communications (VIP) is a wireless telecommunications services company that operates in Russia, Ukraine, Kazakhstan, Uzbekistan, and Tajikistan. The stock has a P/E of 27.6, a PEG of 0.96, and a yield of 0.9%.

Central European Media Enterprises Ltd. (CETV) operates television stations in central Europe including Studio 1+1, KINO, and CITI in the Ukraine. The stock has a P/E of 107.

Ukrnafta (UKRNY.PK) is involved in the exploration and production of oil, and gas. The 2006, the company's net profit margin was 28.79%, and its return on average equity was 32.85%.

Centrenergo (CTEUY.PK) is a wholesale electricity provider, with energy produced from geothermal wells.

Kontsern Stirol (SRLLY.PK) is a producer of ammonia, urea, liquid nitric fertilizers, and ammonium nitrate.

Ukraine Energy Acquisition [UEAC.PK] is in the water distribution, and water purification business in the Ukraine.

Disclosure: The author does not own any of the above.