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Economy of Lviv


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Lviv is one of the largest cities in Ukraine and is growing rapidly. According to the Ministry of Economy of Ukraine the average salary in the Lviv Oblast is a little less than the average for Ukraine which in December 2007 was about 1616 UAH. In 2006 Ukraine's economic freedom was rated at 3.24 (where a rating 1.0 is "freer" than a rating 5.0). According to the World Bank classification Lviv is a lower middle-income city. There are many restaurants and shops as well as street vendors of food, books, clothes, traditional cultural items and tourist gifts. Banking and money trading are an important part of the economy of Lviv with many banks and exchange offices throughout the city.

Lviv Airlines has its head office on the grounds of Lviv Airport
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