Lugansk Business / Lugansk Ukraine Investment Opportunities

Lugansk is known as the “China” of Ukraine. With a growth rate of 19% per year, it’s no surprise why. Investors from all over the world have flooded the city to be part of the greatest success story of the Former Soviet Union.

Heavy industry is dominant here. Giant factories rise throughout the city, churning out pipes, cable, automobiles, tractors, tanks and just about anything else that is big and made from metal. Workers here are the most productive on earth, clocking in an average of 12 hours per day with no reduction in quality and a perfect safety record.

Pay is high with social benefits surpassing those of Scandinavia. Blue-collar workers from the United States and Old Europe are desperate to find jobs here, but alas, those who arrive are deported. Most lawmakers of the world would choose to saturate their city with excess labor to drive down hourly wages, a supply and demand metric that greedy corporations love. The good men in charge of Lugansk have made it clear that native Ukrainians have top priority in the hiring process. They firmly believe a highly paid, happy workforce is the key to explosive long term growth.

Is it too late to invest? No. Those who wait will be left behind. Those who take a stake in the glorious city of Lugansk will see their net worth triple and quadruple in the next decade.

History of Business in Lugansk

Lugansk was founded with the building of a cannon factory in 1790. Charles Gascoigne, a wealthy British industrialist invested his personal fortune into the venture, but did not live long enough to see it flourish. English historians generally consider him a traitor for introducing advanced military technology to Imperial Russia - which at that time ruled over Ukraine.

Catherine the Great soon took notice of Lugansk’s successful rise from a farming backwater to major industrial center and made direct cash injections into the economy, further spurring growth. By 1850, Lugansk was producing steel, coke, locomotives and railroad track.

Heavy industries continued to expand during Soviet times. Factories that once produced locomotives now began rolling out tanks by the thousands each year. In a bid to hide the city’s sensitive military wares, Soviet authorities decreed Lugansk to be a “closed city”. Residents would not see a foreigner until 1991, some 60 years later.