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Economy
In reply to the discussion: Weekend Economists Revere Two Kings January 16-19, 2015 [View all]MattSh
(3,714 posts)31. As young minds leave, industrialized eastern Ukraine faces brain drain | Al Jazeera America
NOTE: And it's not just East Ukraine either. A number of Kiev companies moved part or all of their operations out of Ukraine last year.
DONETSK, Ukraine When the fighting between pro-Russian rebels and Ukrainian forces moved closer to Donetsks city limits in June, one of the regions leading software development companies made the difficult decision to relocate its 50 staffers to a safer city to wait out the war.
The company, Binary Studio, chose the western city of Uzhgorod, about 900 miles west of Donetsk in the Carpathian Mountains. At an average age of 28, the companys employees were young and mobile and saw the temporary move as an opportunity to continue working while exploring Ukraines mountains on the weekends.
We all wanted to go back to Donetsk as soon as the situation improved there, said Kateryna Potanina, 24, Binarys chief operating officer, in a phone interview. But it was nice to feel safe and be far from what was happening in the east.
Its now been five months since they set up shop in the west, and the move no longer feels temporary. The eastern conflict has claimed more than 4,300 lives, including at least 1,000 since a Sept. 5 cease-fire. The armed rebels of the self-declared Donetsk Peoples Republic held their own elections on Nov. 2, and Ukrainian President Petro Poroshenko has retaliated by cutting off state budget and banking services to the rebel-held territories.
Binary Studios workers are part of what is estimated to be more than 1 million people who have fled the eastern regions since April, according to the United Nations, when pro-Russian rebels took over government buildings and declared independence from the Ukrainian central government in Kiev across the Donetsk and Luhansk regions.
Complete story at - http://america.aljazeera.com/multimedia/2014/11/donetsk-ukraine-dailylifebraindrain.html
A building in Ilovaisk on Nov.16. The town on the outskirts of Donetsk was severely damaged in fighting between the Ukrainian army and pro-Russian separatist fighters. Dmitry Beliakov for Al Jazeera America
DONETSK, Ukraine When the fighting between pro-Russian rebels and Ukrainian forces moved closer to Donetsks city limits in June, one of the regions leading software development companies made the difficult decision to relocate its 50 staffers to a safer city to wait out the war.
The company, Binary Studio, chose the western city of Uzhgorod, about 900 miles west of Donetsk in the Carpathian Mountains. At an average age of 28, the companys employees were young and mobile and saw the temporary move as an opportunity to continue working while exploring Ukraines mountains on the weekends.
We all wanted to go back to Donetsk as soon as the situation improved there, said Kateryna Potanina, 24, Binarys chief operating officer, in a phone interview. But it was nice to feel safe and be far from what was happening in the east.
Its now been five months since they set up shop in the west, and the move no longer feels temporary. The eastern conflict has claimed more than 4,300 lives, including at least 1,000 since a Sept. 5 cease-fire. The armed rebels of the self-declared Donetsk Peoples Republic held their own elections on Nov. 2, and Ukrainian President Petro Poroshenko has retaliated by cutting off state budget and banking services to the rebel-held territories.
Binary Studios workers are part of what is estimated to be more than 1 million people who have fled the eastern regions since April, according to the United Nations, when pro-Russian rebels took over government buildings and declared independence from the Ukrainian central government in Kiev across the Donetsk and Luhansk regions.
Complete story at - http://america.aljazeera.com/multimedia/2014/11/donetsk-ukraine-dailylifebraindrain.html
A building in Ilovaisk on Nov.16. The town on the outskirts of Donetsk was severely damaged in fighting between the Ukrainian army and pro-Russian separatist fighters. Dmitry Beliakov for Al Jazeera America
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