Burak Pehlivan, Chairman of the Board of the International Ukrainian Turkish Business Association, told how Turkey’s experience in economic advancement may be useful to Ukraine. A Turkish businessman, who thoroughly and deeply analyzes the facts and events, as well as meticulously considers any item and does not make decisions on unverified information. This is the way, which Burak Pehlivan, who lives and works in Ukraine for more than 9 years, applies to his job and he is confident that our country has the potential to make Ukraine prosperous during the shortest time.
The hryvnia, the national currency of Ukraine, has been exposed to two great devaluations against the dollar during the last 10 years. Before the first devaluation, one dollar used to be equal to five hryvnia according to the exchange rates. Due to the global economic crises in 2008, the hryvnia has lost value by 50 percent against the greenback and the exchange rate has first soared to 10 for a short time and subsequently, during approximately five years, the rate has been fixed at 8.