milkchaser

Ukraine: Overlooked, Yet a Promising Emerging Market

Last summer, I saw an ad in an Odessa bank window (in English!) offering 10% APR on savings deposits -- not CDs, just deposits. It was inviting, but there's nothing like FDIC over there. Likewise, Ukraine has a ways to go as far as protecting private property in the courts. Bribes are common and effective over there. The people have not come to trust or expect rule of law.