tv Business Deutsche Welle April 20, 2019 5:02am-5:16am CEST
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ukraine is going into the final round of its presidential election many of craniums are still struggling to make ends meet but we'll show you one of the few economic sectors that keeps people from looking abroad for better opportunities it's also coming to the united states is piling the pressure on cuba as it struggles to cope with problems relating to ally venezuela and sleeping near the office all young professionals and manila are dealing with high rents and long commutes. because cobra ryland good to have you with us ukrainians go to the polls on sunday in the final round of the country's presidential election corruption and long low living standards are among the defining issues now as real incomes fell in recent years
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millions of people voted with their feet looking for work in the european union one industry that's bucking the trend is i t allowing young ukrainians to earn european wages while staying at home. it's not hard to understand why millions of tourists make their way to live in western ukraine every year it's spiers in cobbled streets a less than an hour's drive from the polish border and low cost flights connect the city to distant nations across the u. but tourism which is long dominated the city's economy is now getting a run for its money from an unlikely competitor i-t. . leaf is home to more than three hundred eighty companies and most of their work comes from abroad one of them is n i x based in this soviet era factory complex. but instead of the television sets that were once made here and i.x. develops everything from accounting software to simulators for american football to
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. so you share that you know this solution allows quarterbacks to practice on their own away from the football field this simulator also reduces the number of the arteries. what began as a start up with just three people now employs almost one thousand programmers and support staff. founder and c.e.o. and republic of credits worldwide growth in the demand for outsourced id services is being the main driver of his company's success. but ukraine's twenty fourteen association agreement with the e.u. has helped the country's reputation it with a view to a level of trust towards ukraine has increased before many international companies wouldn't consider working with us but now they are much more open to doing business with us he association agreement is a signal that the country is moving in the right direction. but what is it the ukraine brings to the table in ninety its competitors in other parts of the world
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cult match but if it will create what's unique about ukrainians is that we are always living through a crisis constantly having to solve problems just to survive our engineers brains are used to problem solving that affects how they work for the better. you not boy on the too many of an i exist programmers have returned to ukraine after working and studying in europe in america. back in ukraine they can still make comparable money working for international clients while enjoying a far lower cost of living and taxes a reverse brain drain the rest of the country can only dream of as millions of ukrainians leave the country every year in search of a better life. it's a trendy beef city government is keen to encourage from teaching coding in schools to providing free land to build housing for the city's growing population the program. the head of the city's dedicated i.t.
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office is bullish about leaves prospects. to see you could be investors and people are moving to the v. from all over the country because it's a great place to live we have great coffee culture and competitive wages that's really important i.t. specialist can earn as much here as they would more source of saudi. but this is not about charity the city calculates that each well paid i.t. job brings another three to four support jobs would. come with that didn't used to come even ukraine could bring more of its citizens home with a growing number of opportunities to make a decent living. also in ukraine a court has ruled that the nationalization of the country's biggest lender a private private bank was a legal the financial institution was nationalized and twenty sixteen after the government discovered a capital shortfall of more than five billion dollars the ruling is used as a setback for incumbent president petro poroshenko in this weekend's presidential
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race the banks for all the car owner is seen as a supporter of his challenger t.v. comedian. and now to some of the other global business stories making the news for india low cost carrier spice jet says it will prioritize hiring more employees of foundering rival jet airways just managing director said the company had already taken on more than five from jet airways pilots cabin crew and technical staff jet airways grounded all its planes this week indefinitely after failing to secure urgently needed funds the international monetary fund describing mozambique a one hundred eighteen million dollar credit facility it's to help the country rebuild after site on the dike. killed hundreds of people and flattened whole villages last month the worst cycle in decades last the eastern indian ocean coast the world bank says affected countries will need over two billion dollars to recover south africa's government has been forced to bring forward its bailout of
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state power company eskom to avoid default and has pumped over three hundred fifty million dollars into the struggling utility and could provide more soon as supplies more than ninety percent of south africa's electricity needs. now after two decades of relative economic stability shortages of food and medicine have once again become a serious daily problem for millions of cubans one reason for cuba's worries the crisis in venezuela which is a long time ally and the united states is piling on pressure as well it's just after eight in the morning. still has lined up behind some one hundred others hoping for the chance to buy some frozen chicken legs. she has to wait a full two hours but at last she comes away with two kilos of chicken by ten everything
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sold out she just made it. the back of it my hips are giving i have a bad back neck and i'm worn out that but i'm still in good health and i walk all around the lido i don't stay sitting here you see you can party. since cuban ally venezuela's economy fell into crisis scarcity has become an everyday norm in cuba as well. with the situation in venezuela getting worse it affects us of course we are countries that help each other and they are the ones who have the resources and other things. right. now the trumpet ministration is working even harder to push cuba towards its own economic crisis on wednesday washington announced further measures against the island state and its allies including a cap on the amount of money families in the u.s. can send relatives in cuba. the sanctions will have an impact at
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a particularly delicate time for the country's external finances. i think this is a factor which has a higher probability of worsening the economic situation in the coming months because it was butting through just by this scenario in my opinion i don't think we are returning to the worst times like we had in the early one nine hundred ninety s. . those were the days of the almost total embargoed today though cuba does business with dozens of nations hosts nearly five million tourists a year and cubans can travel freely. now why put yourself through hours of commuting every week when you can simply live near work in a dormitory it's becoming a viable option for many young professionals in the philippines who don't mind the hostel feel. this is a tale of everyday madness anyone who wants to get from a to b. by bus in manila needs nerves of steel traffic is complete chaos it's quicker to go
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by foot but then there's the risk of suffocation many people work in the financial districts of twenty five zero and mccarty most of them commuters. you know spend almost as much time on the road to work as they do in the office the daily commute averages about sixty six minutes but can stretch up to two hours because of crumbling road infrastructure and a poor public transportation system now called living spaces called dharma tales or a cross between college dorms and hotels are cropping up across the metropolis offering a way to shorten the commute to work. there's not much by way of pretty and it's not cheap either about costs around one hundred fifty dollars a month even young people starting out on the career ladder earning around six hundred dollars a month after rentier people like zero zero s. the bank workers shares a room with three other women but now she's only ten minutes away from work she
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used to have to get up much earlier. birthday am i when the big bang prepared and then i should be able to leave the house before six am. two hours. so. a lot of. pressure. that would be almost six hours it takes proper rest to build up a fledgling career which means more and more of these stormy tales are springing up there are now around ten thousand sleeping quarters in manila's financial district . and that wraps up this edition of business if you want more go ahead and check out our website at www dot com slash business where you will always of course find the latest on your cranes presidential election for me and the entire
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fighters want to start families to become farmers or engineers everyone of them as a plan for you sean. summoning is just on the children who have always been the way and that's you and those that will follow are part of a new kind of. you they could be the future of. granting opportunities for global news that matters d. w. made from audience.
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this is deja news africa coming up in the next fifteen minutes the fight for tripoli shelling continues in the libyan capital as the warlord khalifa haftar moves to take the city from a new and backed government at least two hundred people have been killed since the strongman going she's offensive two weeks ago we'll learn why foreign policy confines common ground on how to.
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