independent Ukraine since 1991‚ when the former constituent Republics of the Soviet Union became independent states. In 1992‚ the Crimean Parliament voted to hold a referendum to declare independence‚ while the Russian Parliament voted to void the cession of Crimea to Ukraine.[60][61] In 1994‚ Russian nationalist Yuri Meshkov won the 1994 Crimean presidential election and organized a referendum on Crimea’s status.[62][63] Later in that same year‚ Crimea’s legal status as part of Ukraine was recognized
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PESTLE Political * Political insatiability affects the sales of the automobile industry. The political instability has a direct impact on the sales of the automobile industry. When there is a political unrest the purchasing power of the individuals in the particular area goes down. * Government support towards the industry favourably. This industry is the 6th largest industry in the world and brings out a lot of revenue and creates employment opportunities. Therefore governments tend
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Lastly‚ the PESTEL is a tool analysis that helps a business forecast the trend and analyze overall image of the company in the future. It based on external factors as political‚ economic‚ social‚ technology‚ environmental and legal. If a hostel never knows how this tool works‚ the hostel could face up with economic effects‚ political instabilities or any external risks which change through time. It means the business will not recognize the change of external factors; it is a kind of risk as well
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Higher Education in Ukraine: an Overview For Ukrainians education has always been of the highest value. Universities have been compared with temples‚ and their mission to serve society by means of education and science has been the priority. During the last 18 years the system of education in Ukraine has undergone deep changes and transformations‚ the long-term aim of which is to create a system based on the European model of higher education. This series of articles will be devoted to the process
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Alina Belkina 1. Short overview of LUKOIL Industry Oil and gas Founded 1991 Headquarters Moscow‚ Russia CEO Vagit Alekperov Products Petroleum‚ Natural gas‚ Petrochemicals Revenue Increase US$ 139.2 billion (2012) Net income Increase US$ 11. billion (2012) Employees 150‚000 LUKOIL‚ a vertically integrated oil company‚ and carries out exploration‚ acquisition‚ integration and subsequent efficient development of oil and gas fields outside the Russian Federation to facilitate the
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Ukrainian Democracy: Freedom of Speech and its «Dark» Side. June‚ the 6th is officially known as Journalist Day in Ukraine and is being celebrated by mass media workers all over the country. Initially‚ the goal of the holiday is to glorify all the means of mass media and to thank Ukrainian journalists‚ reporters‚ and editors for their contribution to the prosperity of the freedom of speech– the leading tool of the new democracy in the country. The right for freedom of speech is mentioned in numerous
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Nike is the leading footwear company in the world. PEST Analysis sums up how the company’s business strategies fare in the macro environmental level. Nike‚ Inc. is an incorporated company that designs‚ develops and markets worldwide athletic footwear‚ apparel‚ equipment and accessories. Nike employs both traditional and non-traditional distribution channels in almost 200 countries with primary market regions in the United States‚ Europe‚ Asia Pacific‚ and the Americas. Nike has some 20‚000 retailers
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Introduction The macroeconomic environment that Starbucks operates in is characterized by the ongoing global economic recession‚ which has dented the purchasing power of the consumers. However‚ market research done in the last few months has indicated that consumers have not cut down on their coffee consumption and instead‚ are shifting to lower priced options. This means that Starbucks can still leverage the buying power of the consumers in a manner that would give it a significant advantage over
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Political factors include government regulations and legal issues determining the conditions under which companies have to operate. In this field‚ the computer industry has to face certain restraints. Problems can arise in countries where political stability is not guaranteed‚ no matter whether companies operate production facilities or if they do business with the country through exports. Many countries still have restrictive policies which are maintained to protect domestic manufacturers and production
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Issue | Impact on Business | Political | * To facilitate the take-off of e-commerce in Singapore‚ the Government has been putting in place a supportive legal and policy framework. For example‚ the Electronic Transaction Act‚ passed in Jul 98‚ provides a favourable legal environment for safe and secure e-transactions. * The government provides direct subsidies and fiscal incentives to support companies embarking on e-commerce initiatives. One example of a direct subsidy program introduced
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