Two quotes from a recent Oxford Business Group Emerging Markets Briefing.
"While political squabbles continue, with new stand-offs between the president, the parliament and the prime minister over such questions as land sales and the presidential control of foreign policy, the business community is posting its forecasts of which way the economy is heading in 2007...
There is a mix of signs and opinions about which way the Ukrainian economic development is heading in 2007. However, the overall consensus is that the main story in Ukraine is still one of growth and unexplored opportunities for foreign investors. The most likely winners in 2007, it seems, however will be ground floor investors in most dynamic banking, real estate and telecoms sectors, which continue to provide the most compelling story of economic expansion."
So not all bad news..