Ukraine's Business Potential: Europe's Emerging Tiger investment conference was a joint initiative of PricewaterhouseCoopers Ukraine/Germany and CFC Consulting. It addressed the political and macroeconomic situation in Ukraine, Ukraine's investment climate, the impact of EU enlargement on Ukraine, the legal framework for FDI in Ukraine, privatization and Ukraine's financial sector. It gathered representatives of the Ukrainian and German governments and regulatory bodies, diplomatic and consular corps as well as leading Western European and Ukrainian corporations. Participating companies included Bosch Ukraine, Commerzbank AG, SAP AG, ING Bank Ukraine, UBS Investment Bank, Ukraine International Airlines, Kreditanstalt fur Wiederaufbau, Foyil Securities, Horizon Capital, E.ON Ruhrgas AG, and Ukrainian Gas Distribution Networks Concern. Supported by the European Business Association, the Committee on Eastern European Economic Relations (Ost-Ausschuss) and the Ukrainian Ministry of Foreign Affairs, the conference set a new qualitative standard which properly reflects the opportunities inherent in Ukraine since the Orange Revolution
The investment conference has received substantial media coverage in Ukraine and internationally. Media that covered the event included such Ukrainian outlets as: weekly business magazines Companion and Business, anylytical newspaper Mirror Weekly, news agencies Interfax, Unian, Ukrinform, LigaBusinessInform, RIANovosti, TV Channels Inter and UT-1 TV, RFE/RL, etc.; Internationally, it was covered by Yahoo! Finanzen Deutschland, Wallstreet: online, DowJones VWD News, VC-PRO, Finanzen.de, NA New Actuell, OnVista, FinanzNachrichten.de, Investmentfonds.de, Deutsche Welle, etc.
The event has generated great interest among German and Ukrainian political and business circles committed to fostering bilateral German-Ukrainian commercial and political relations. According to the experts, high quality of the speakers at the conference provided the participants with the comprehesive intelligence on Ukraine's current business and political trends, investment opportunities and challenges. Such renowned individuals as H.E. Mr. Dietmar stuedemann, Ambassador Extraordinary and Plenipotentiary of the Federal Republic of Germany to Ukraine, Ms. Jelena Hoffmann, Chairwoman of the German-Ukrainian Parliamentary Group at Bundestag, Mr. Mykhailo Hladiy, Member of the Parliament of Ukraine, Mr. Aleksandr Rahr, Director, Koerber Center, Mr. Anatoliy Balyuk, Chairman of the State Commission on Securities and Stock Market of Ukraine, Mr. Igor Shumylo, Deputy Chairman of the National Bank of Ukraine, Mr. Oleksander Melnychenko, Deputy Chairman of the Antimonopoly Committee of Ukraine provided their expertise on the ongoing transformations in Ukraine, while business leaders from Ukrainian and German private sectors presented their experience of doing business in Ukraine.
Mr. Wolfgang Wagner, PwC Eurofirm Senior Partner opened the conference with his welcome remarks. Prof. Dr. Bohdan Hawrylyshyn, Chairman of the Supervisory Board of International Center for Policy Studies, founder of IMI-Kyiv, first management school in Ukrane and advisor to the Head of Ukrainian Parliament served as a moderator of the intellectual discussion.
Ukraine's Business Potential: Europe's Emerging Tiger investment conference was sponsored by SAP AG, Foyil Securities, ING Bank Ukraine, Horizon Capital, Ukraine International Airlines and Ukrainian Gas Distribution Networks Concern.
8:15-9:00 Registration and coffee
9:00-9:15 Opening Address of Mr. Wolfgang Wagner, PwC Eurofirm Senior Partner
9:15-9:30 Welcome Remarks by Mr. Jorge Intriago, Vice President, European Business Association
9:45-9:55 Address of Ms. Jelena Hoffmann, Head of the Committee of the German-Ukrainian Parliamentary Group at Bundestag.
9:55-10:05 Address of Mr. Mykhailo Gladiy, Member of Parliament of Ukraine and President of the Agricultural Association of Ukraine;
POLITICAL AND MACROECONOMIC SITUATION IN UKRAINE
10:00-10:15 H.E. Mr. Dietmar Stuedemann, Ambassador Extraordinary and Plenipotentiary of the Federal Republic of Germany to Ukraine, "Current Situation and Perspectives of the new Ukrainian Leadership"
10:15-10:35 Mr. Alexander Rahr, Program Director of the Koerber Center (Berlin)
10:35-10:50 Prof. Dr. Bohdan Hawrylyshyn, Chairman of Supervisory Board of International Center for Policy Studies, Member of the Club of Rome.
10:50-11:10 Questions and Answers / Discussion
11:10-11:30 Coffee Break
UKRAINE'S INVESTMENT CLIMATE
11:30-11:45 Mr. Jorge Intriago, Vice President, European Business Association, " Ukraine vis-à-vis the Investor's Wish List"
11:45-12:00 Mr. Ludek Smida, Managing Director, Bosch Ukraine, "Bosch Gruppe: Fakten and Zahlen"
12.00-12.15 Mr. Volodymyr Bogatskyi, Vice President, Ukraine International Airlines
12:15-12:30 Questions and Answers / Discussion
IMPACT OF EU ENLARGEMENT ON UKRAINE: NEW BUSINESS OPPORTUNITIES
(production outsourcing, penetration of Ukraine's market - case studies)
12:30-12:45 Mr. Kirk Mildner, Regional Manager for Ukraine, Kreditanstalt f?r Wiederaufbau
12:45-13:00 Mr. Andriy Karpenko, President, Ukrainian Gas Distribution Networks Concern
13:00-13:15 Mr. Oleg Tymkiv, Director Transaction Services, PwC Ukraine
13:15-13:30 Questions and Answers / Discussion
13:30-14:30 Luncheon Informal Discussions/ Private Meetings
LEGAL FRAMEWORK FOR FOREIGN DIRECT INVESTMENTS IN UKRAINE
(critical tax and legal issues that affect foreign investors with a specific focus on laws designed to protect foreign investors and their application)
14:30-14:45 Mr. Anatoliy Balyuk, Acting Chairman, State Committee on Securities & Stock Market
14:45-15:00 Mr. Olexander Melnichenko, Deputy Chairman, Antimonopoly Committee of Ukraine
15:00-15:15 Mr. Konstantin Emelyanenko, Senior Associate, PwC Legal Ukraine, "Main opportunities for Investors"
15:15- 15:30 Questions and Answers / Discussion
PRIVATISATION
(critical privatization issues that affect foreign investors with a specific focus on privatisation programme for foreign investors and their application)
15:45-16:00 Mr. Dmytro Martynenko, Senior Lawyer, PwC Ukraine, "Competitive sales of Ukraine's privatisation: What a foreign investor needs to know?"
16:00-16:15 Coffee Break
UKRAINE'S FINANCIAL SECTOR
(Banking and Payment Transactions; Diversifying the Ukrainian financial sector; Bond Market Development; Ukrainian Retail Banking)
16:15-16:30 Mr. Igor Shumylo, Deputy Chairman, National Bank of Ukraine, "Banking System of Ukraine: challenges and perspectives"
16:30-16:45 Mr. Per Fischer, Senior Vice President, Commerzbank, "Situation and Perspectives of the Banking sector"
16:45-17:00 Ms. Natalie A. Jaresko, Managing Partner, Horizon Capital
17:00-17:15 Ms. Valeria Gontareva, Deputy Chairman, ING Bank Ukraine
17:15-17:30 Mr. Dorian Foyil, Chairman, Foyil Securities
17:30-17:45 Questions and Answers / Discussion
18:00-19:30 COCKTAIL RECEPTION ATTENDED BY RUSLANA, EUROVISION SONG CONTEST 2004 WINNER
3. PROFILES OF THE SPEAKERS
H.E. MR. DIETMAR STUEDEMANN - EXTRAORDINARY AND PLENIPOTETIARY AMBASSADOR OF THE FEDERAL REPUBLIC OF GERMANY TO UKRAINE
Ambassador Stuedemann started diplomatic service in 1974, when he served for 4 years at the Federal Ministry of Foreign Affairs. From 1977 to 1981 he worked as Head of the Press Department at the German Embassy in Moscow, from 1981 to 1984 at the Embassy in Athens, from 1986 to 1988 at the Embassy in Vienna, from 1991 to 1997 at the Embassy in Moscow (Head of Political Department). Mr. Stuedemann started working as the German Ambassador to Ukraine in September 2000 and has been occupying this position to date.
MS.JELENA HOFFMAN - MEMBER OF THE GERMAN BUNDESTAG, SOCIAL DEMOCRATIC PARTY OF GERMANY
Ms. Hoffman has been a member of the German Bundestag since 1994, where she currently occupies the post of Deputy Chairwoman of the German-Ukrainian Parliamentary group (since 2002). Ms. Hoffman previously served as a member of the Parliamentary Assembly of the Black sea Economic Cooperation, Deputy Member of the Parliamentary Assembly of the Council of Europe, as well as holds a number of positions in the German Bundestag (Deputy Member in the Committee on Economics and Labour, Member of the Committee on Tourism, Member of the Committee on Foreign Affairs and the subcommittee on Globalization and Member of the Steering Committee of the SPD- Group).
MR. MYKHAILO HLADIY - MEMBER OF THE UKRAINIAN PARLIAMENT
Mr. Hladiy is currently a member of the Ukrainian Parliament, where he occupies the post of Deputy Chairman of the Commission on agricultural policy and land issues (since 2002). Mr. Hladiy is also a member of the Permanent Delegation of the Ukrainian Parliament to PACE (since 2002), a member of Cabinet of Minister's Commission on Local Government, a member of the Internal Affairs Coordination Council and State Commission on Economic and Social Development and President of the Agricultural Association of Ukraine. Mr. Hladiy's tenure in the Parliament began in 2002, prior to which he had been the Head of the Lviv State Administration from 2001 to 2002.
MR. IHOR SHUMYLO - DEPUTY CHARMAN OF THE NATIONAL BANK OF UKRAINE
MR. Shumylo holds the post of the Deputy Chairman of the National Bank of Ukraine and serves as NBU's Executive Director on Economic Policy (since 2003). Previously Mr. Shumylo worked at the Ministry of Economy and European Integration as Deputy Minister of Economy (since 1997) and Head of Department (since 1993), as well as conducted numerous research works at the Scientific Institute of Ukraine's Ministry of Economy (1973-1993).
MR. ANATOLIY BALYUK - CHAIRMAN OF THE STATE COMMISSION ON SECURITIES AND STOCK MARKET
Mr. Balyuk has served as the Chairman of the State Commission on Securities and Stock Market of Ukraine since 25 June 2004. He has started his public carrier in the Ministry of Economy of Ukraine in 1997 as the Head of External Relations Department. From July 1997 to May 1998 Mr. Balyuk served as Assistant Prime Minister of Ukraine, and from May 1998 to December 1999 as First Assistant Prime Minister of Ukraine. Before his appointment as the Chairman of the State Commission on Securities and Stock Market Mr. Balyuk served as Advisor to the President.
MR. OLEXANDER MELNYCHENKO - DEPUTY CHAIRMAN OF THE ANTIMONOPOLY COMMITTEE OF UKRAINE
Mr. Melnychenko has graduated from the Kyiv State Shevchenko University and worked as a Judge of the Zhovtnevyi Regional Court of Kyiv and a Judge of the Kyiv City Court. Mr. Melnychenko was appointed Deputy Head of Antimonopoly Committee in 1993 and First Deputy Head in 2001. Mr. Melnychenko carries the rank of a Distinguished Lawyer of Ukraine.
MR. WOLFGANG WAGNER - SENIOR PARTNER, PWC CONTINENTAL EUROPE
Mr. Wagner has been the Senior Partner, Continental Europe and member of the Global Leadership Team of PwC since July 2003. He has been a member of the German firm-wide Management Team and the German Executive Management Team since 1998. Wolfgang has been with the firm since 1982. Prior to his current role, Wolfgang held cross-line of service responsibility for Assurance, Tax and Advisory in the Berlin region from 1996 to 1998 and served as the German Corporate Finance & Recovery Leader and Chairman of the wider European Network from 2001 - 2003. Wolfgang is Chairman of a standard setting body of the German Institute of CPAs (IDW). He is also a noted speaker at the Humboldt University in Berlin, where he frequently addresses issues relating to audit and advisory services. Wolfgang received his MBA from the University of Saarland. He is married and has two children.
MR. JORGE E. INTRIAGO - VICE PRESIDENT OF THE EUROPEAN BUSINESS ASSOCIATION, PARTNER PWC UKRAINE
Mr. Intriago is Vice-President of the Board of Directors of the European Business Association (EBA) and Partner and Leader of the Tax and Legal Practice of PwC (PwC) in Ukraine. Mr. Intriago has close to 20 years experience with PwC of which the last 9 years have been in Ukraine. While in Ukraine Mr. Intriago has assisted many multinationals to analyze investment opportunities and develop Ukrainian business, legal and tax strategies. Mr. Intriago is a member of PwC Mergers and Acquisitions Group and PwC European Capital Markets and Treasury Group. As such he has broad expertise in M&A and investment issues, and thus has structured and implemented many large M&A deals in Ukraine as well as Greenfield and Brownfield investment projects. In the M&A area he has participated and supervised teams on preliminary deal negotiations, legal and tax due diligence, final deal negotiations and execution, including competition law issues and contract drafting. Mr. Intriago has been a Vice-President of the Board of Directors of the European Business Association (EBA) since 2002 a position, which he currently holds. Until January 2004 he was also advisor to the Minister of Economy and European Integration on foreign investments issues. He lectures and writes frequently on investment and taxation in Ukraine, both in domestic and international forums.
PROF. DR. BOHDAN HAWRYLYSHYN - CHAIRMAN OF SUPERVISORY BOARD OF INTERNATIONAL CENTER FOR POLICY STUDIES, MEMBER OF THE CLUB OF ROME
Mr. Hawrylyshyn was born and grew up in Ternopilska oblast. Finished secondary school in Germany, engineering school at the University of Toronto with Masters degree, Management studies in IMI-Geneva, Doctorate in economic and social studies at the University of Geneva. Five honorary doctorates. Worked as engineer, manager, professor, then director of the International Management Institute - Geneva. Since 1989 works in Ukraine on a voluntary basis. Former chairman of the Council of Advisors to the Presidium of the Ukrainian Parliament, advisor to the first President of Ukraine, advisor to chairmen of parliament (including the present one), former advisor to Prime Ministers Yushchenko and Kinakh, founder and chairman of the International Management Institute - Kyiv, chairman of the International Center for Policy Studies, member of the Club Rome, of World Academy of Arts and Sciences.
MR. ANDRIY KARPENKO - PRESIDENT, UKRAINIAN GAS DISTRIBUTION NETWORK
Mr. Karpenko holds a degree in International Economics from the Ukrainian National Economic Institute and Inter-Regional Academy of Personnel Management. Besides being the President of the Ukrainian Gas Distribution Network, Mr. Karpenko serves as Chairman of the Board of Gaztek Holding, a company that is one of the key players on the gas distribution market of Ukraine.
MR. LUDEK SMIDA - MANAGING DIRECTOR, BOSCH UKRAINE
Mr. Smida is the Managing Director of Robert Bosch Ukraine Ltd., and has been occupying this post since 2002, managing the work of more than 100 employees in Ukraine and the financial turnover of more than 105 million euro. Mr. Smida has been working with Bosch in Europe since 1994 (2000-2002 in Stuttgart, 1994-2000 in Prague). Mr. Smida is a graduate of the Prague Technical University (Faculty of Economics), has completed more than 30 internal Bosch training programs and is fluent in Russian.
MR. ALEXANDER RAHR - PROGRAM DIRECTOR, KOERBER CENTER
Mr. Rahr is program director of the K?rber-Arbeitsstelle for Russian and CIS affairs, which is a joint institution of the K?rber-Foundation, Hamburg, and the German Council on Foreign Relations. He is also the coordinator of the institute's EU-Russia Forum. Before joining the Institute in 1994, he was a senior analyst at the Research Institute of Radio Free Europe/Radio Liberty, Munich and project manager at the Federal Institute for East European and International Studies, Cologne. He has worked as a frequent consultant for the Rand Corporation, Santa Monica; Institute of East-West-Security Studies, New York; Council of Europe. He has also worked for "Deutsche Welle" TV and radio programs and has published numerous articles in the German, Russian and international press. He is a frequent guest at political TV shows and regularly writes for "Die Welt" and other newspapers. He is the author of biographical books of Michael Gorbachev (1986) and Vladimir Putin (2000), coauthor of the Trilateral Commission Report on Central Asia (2000). He holds a M.A. in History and Political Sciences from Munich State University. He was awarded the Federal Merit Cross (2003).
DR. KIRK MILDNER - REGIONAL MANAGER KfW DEVELOPMENT BANK
Kirk Mildner is Senior Regional Manager for the Western Balkans and Senior Economist for Eastern and South Eastern Europe at KfW Development Bank. He recently spent 4 years in the Ukraine, heading KfW's Kiev office. During that time he was involved mostly in macroeconomic advice, financial sector development, microfinance and support of SMEs. He has published extensively on problems of economic transition in Eastern Europe. Kirk graduated from the Free University, Berlin, received a Master's degree from St. Andrews University and a PhD from Humboldt University Berlin.
MS. NATALIE A. JARESKO - MANAGING PARTNER, HORIZON CAPITAL
Natalie A. Jaresko is responsible for the strategic development of Horizon Capital and its private equity investment team, along with management of Western NIS Enterprise Fund (WNISEF), a $150 million private equity fund, and Emerging Europe Growth Fund (EEGF), a $100 million mid-cap private equity fund being raised for Ukraine and Moldova. She is currently leading this fundraising process.
During the last ten years, Ms. Jaresko set long-term business goals, and attracted capital to expand business opportunities for Western NIS Enterprise Fund. Ms. Jaresko's broad experience in both the private and public sectors enabled WNISEF to successfully navigate complex economic cycles and business environments in the region, while maintaining a clear focus on building profitable market leaders in a wide variety of industries.
During her tenure, WNISEF built a $93 million portfolio that included twenty six companies in the region. To date, WNISEF has realized 11 full realizations and six partial realizations. Ms. Jaresko has served as President and CEO of WNISEF since 2001, Chief Investment Officer from 1997-2001, and as Country Manager Ukraine for WNISEF since 1995. She has worked in Ukraine since 1992 and in the region since 1989.
Ms. Jaresko received her Master's Degree in Public Policy from the Harvard University Kennedy School of Government in 1989 and a Bachelor of Science Degree in Accounting from DePaul University in Chicago, Illinois in 1987. Ms. Jaresko serves as Vice Chairperson on the Board of Directors of the International Management Institute (IMI-Kyiv), the first business school in Ukraine.
MR. DORIAN FOYIL- CHAIRMAN, FOYIL SECURITIES
Dorian B. Foyil is Chairman and Chief Executive Officer of Foyil Limited, the parent company of Foyil Securities and Foyil Asset Management. Foyil Securities has become the leading Investment Bank in Ukraine known for its detailed and probing investment research. Mr. Foyil began his investment career in London and was a number one rated (1990 Extel Survey) investment analyst covering the European electronics and telecommunications sectors for UBS Securities. Thereafter, he had a five year tenure as a Senior Vice President and Portfolio Manager at Templeton Global Advisors, where he had direct portfolio responsibility for approximately $800 million in mutual fund and institutional pension assets.
In 1996, Mr. Foyil established the Foyil Group of companies and in 1997 opened its office in Kyiv, Ukraine. Mr. Foyil holds an MBA in finance from the Wharton School of Business and received his Bachelor's Degree from Temple University. In 2003 Mr. Foyil established the Center for the Protection of Minority Shareholder Rights and is an active proponent of bringing improved corporate governance to companies in Ukraine. He has served as both President and a member of the Board of Directors of the Bahamas Society of Financial Analysts.
MR. PER FISCHER - SENIOR VICE PRESIDENT, COMMERZBANK
Mr. Fischer is currently the Senior Vice President of Commerzbank. He joined the Bank in 1985 and in 1988-1992 served as Deputy Representative of Commerzbank AG in Moscow. In 1993-1996 Mr. Fischer served as Area Manager for CIS, Baltic States and Mongolia in the Head Office in Frankfurt. In addition to his current post, Mr. Fischer is a member of the Supervisory Board of Commerzbank Eurasia and Deputy Chairman of the Board of German-Kazakh Society (Berlin). Mr. Fischer is fluent in Russian.
MS. VALERIA GONTAREVA, DEPUTY CHAIRMAN, ING BANK UKRAINE
MR. VOLODYMYR BOGATSKYI, VICE-PRESIDENT, UKRAINE INTERNATIONAL AIRLINES
Mr. Bogatskyi has graduated from Kiev Polytechnic Institute (engineering) in 1996 and Civil Aviation University (economics) in 1998. He has become a member of the ACCA in 2004. Mr. Bogatskyi worked for Ukraine International Airlines in different areas of Finance during 1998-2003. He occupied a position of Finance Controller at Nestle Ukraine during 2003-2005. He returned to Ukraine International Airlines in 2005 to take over a position of Vice-president for Finance (CFO).
MR. DMITRIY MARTYNENKO - SENIOR LAWYER, PWC UKRAINE
Mr. Martynenko is a senior attorney with PwC Legal Group in Ukraine. The areas of his specialization include mergers & acquisitions transactions, legal due diligence projects, corporate issues, privatisation, insolvency and bankruptcy procedures, capital markets and operations with securities, antitrust issues, operations with real estate and land. He has provided legal advice to the government of Ukraine and other governmental authorities, to foreign investors and Ukrainian companies in energy, telecommunications, financial markets and agriculture sectors. Dmitry holds a diploma in Law from Kiev State University. He also holds Investment Manager Certificate (Association of Securities Traders), and Depository Activity Specialist Certificate (Ukrainian Institute of Capital Markets Development under the State Securities and Stock Market Commission of Ukraine).
MR. KOSTYANTYN EMELYANENKO - SENIOR MANAGER, PWC UKRAINE
Mr. Emelyanenko is a senior manager in a PwC Tax and Legal Services and the Ukrainian Legal Group leader. He first joined PwC's tax and legal practice in 1995. Throughout his career, Konstantin has focused on various aspects of Ukrainian tax and foreign investment law and developed a comprehensive understanding of the nuances of current legislation. He has worked with multinational clients to minimise tax risks and establish Ukrainian operations. Konstantin is responsible for providing legal advice to both domestic and multinational clients. He has also worked on several tax and legal reviews for Ukrainian and international clients, including tax and legal due diligence reviews of Ukrainian companies for foreign investors. While working for PwC, Konstantin has also facilitated the registration of representative offices and other legal entities in Ukraine. Konstantin holds a M.A. in Law from Kiev State University.
MR. OLEG TYMKIV - DIRECTOR, TRANSACTION SERVICES, PWC UKRAINE
Mr. Tymkiv is the PwC Ukrainian Transaction Services Group Leader. Since joining PwC in 1997, he has worked with clients in many areas related to investment into Ukraine and ongoing operations. He has a wide range of experience in providing investment advice, audit, accounting, due diligence and compilation related services to both national and multinational clients. He has participated in a number of assignments in insurance sector as well as food and beverage, energy and mining, consumer products, pharmaceutical and telecommunications industries. Oleg is a Fellow of the Association of Chartered Certified Accountants and a certified Ukrainian statutory auditor. Oleg holds a linguistic degree from Odessa State University and a M.A. in international Finance and Banking from Odessa Economic University.
PricewaterhouseCoopers
http://www.pwc.com/ua
PwC has been working in Ukraine since 1992 and is now the leading professional services organisation in the country. Headquartered in Kyiv, we have a diverse team of professionals that is able to deliver premium service quickly and effectively. Our clients have the benefit of working with both Ukrainian experts skilled in the local business environment and expatriate professionals that bring knowledge and experience from PwC' offices worldwide. Furthermore, our global presence allows teams to work together across borders, thus ensuring our clients have the leading specialists from around the world working to meet their specific needs.
PwC' services in Ukraine include a full line of legal and tax services; audit, advisory and assurance services; corporate finance and human resources advisory services. In addition, we have unrivalled expertise in M&A, banking, telecommunications, oil and gas, real estate, energy, agriculture, investment, privatisation, and capital markets.
CFC CONSULTING
http://www.cfc.com.ua/
CFC Consulting is a Kyiv-based consultancy providing services in strategic communications, government relations and investment consulting. The firm has been assisting local companies in raising capital internationally as well as international companies entering Ukrainian market.
The firm has been focused on facilitating the appointment of Honorary Consuls of foreign nations in Ukraine from its inception. It managed to come up with a unique combination of conservative international public law with cutting edge business trends. It also renders lobbying services to large multi-nationals.
SAP AG
http://www.sap.com/
SAP is the world's leading provider of business software solutions. Today, more than 24450 customers in over 120 countries, including Ukraine, run more than 84000 installations of SAP software - from distinct solutions addressing the needs of small and midsize businesses to enterprise-scale suite solutions for global organizations. Powered by SAP NetWeaver platform to drive innovation and enable business change, mySAP Business Suite solutions are helping enterprises around the world improve customer relationships, enhance partner collaboration and create efficiencies across their supply chains and business operations. SAP industry solutions support the unique business processes of more than 25 industry segments, including high tech, retail, public sector and financial services. SAP has subsidiaries in more than 50 countries including Ukraine. Today over 50 Ukrainian companies use SAP solutions, among them there are National Bank of Ukraine, UMC, Bliz-Inform, Reemtsma Ukraine, Merks Mebel, Dnieprospezstahl, Krymenergo, Ukrtatnafta, Azovstal, Azovmash, Dneproenergo, Poltavaoblenergo.
FOYIL SECURITIES
http://www.foyil.com/
Foyil Securities is Ukraine's leading independent investment bank and noted for its highly rated research department and trading. Foyil has been an integral part of the developing capital markets in Ukraine and established its first office in Kyiv in 1997. Today Foyil Securities is not only a leading market maker in Ukraine but, via its membership on the Board of Directors of Ukraine's PFTS stock market, is actively promoting improvements in corporate governance and modernization of the market's trading and settlement systems.
With a team of over 30 professionals in Ukraine, Foyil Securities provides a wide range of financial services including: securities brokerage and investment research, M&A advisory, fund raisings and licensed custody. Working with both institutional and retail clients based around the world, Foyil Securities is able to provide investment research which is second to none along with expert trading execution and settlement.
ING Bank Ukraine
http://www.ingbankukraine.com/
ING Bank is the international corporate and investment banking arm of the Netherlands-based ING Group, one of the largest financial services groups in Europe, with market capitalization of USD 53.3 billion (March 2002) and assets of over EUR 705 billion. ING Group has over 110,000 employees in more than 65 countries, and is the largest foreign employer in Central and Eastern Europe with approximately 15,000 employees in the region. ING Bank is one of the leading banks in emerging markets, including Central and Eastern Europe, Asia, and Latin America. ING Bank N.V. opened a representative office in Kiev in 1994 and, in December 1997, was registered as a 100-percent foreign-owned subsidiary bank. ING Bank Ukraine commenced its banking operations on April 3, 1998. ING Bank Ukraine was voted "Best Foreign Bank in Ukraine in 1998" by Euromoney and "Best International Bank in Ukraine in 2000" by Central European.
ING Bank Ukraine is a universal bank offering the full range of corporate and investment banking services for its clients, including, among others: traditional corporate banking services for multinational corporations as well as leading Ukrainian enterprises, including cash management, commercial lending, domestic and international payments, electronic banking and trade and commodity finance; foreign exchange and money market operations; securities division operations; arranging and underwriting eurobonds, local currency bonds, and various other forms of sovereign, municipal, and corporate debt; public share offerings with listing on domestic and international stock exchanges; advisory services for, and financing of, mergers and acquisitions; project finance; financial and advisory participation in international privatization tenders for Ukrainian companies.
Ukrainian Gas Distribution Networks Concern
Ukrainian Gas Distribution Networks Concern is a legal body that combines a number of private Ukrainian companies operating on the gas distribution market of Ukraine. The concern was recently created and in its activities is aiming at creating grounds for mutually beneficial cooperation between various market players, including the State. Ukrainian Gas Distribution Networks Concern carries out a number of functions, including securing governmental tenders, conducting scientific research, managing the pricing policies, attracting outside investments (only 58% of Ukraine's territory is covered by gas distribution network), providing advisory services and loans to its members etc.
HORIZON CAPITAL
http://www.wnisefk.com/
Horizon Capital is a private equity manager dedicated to investing in private companies in Ukraine and Moldova with outstanding growth and profit potential. Horizon Capital is currently managing one fund, Western NIS Enterprise Fund (WNISEF) and raising a second, Emerging Europe Growth Fund (EEGF). Created as WNISEF's successor, Horizon Capital is well positioned to provide an attractive rate of return on investments in Ukraine and Moldova due to its teams' rich experience in the region, impeccable reputation and network, as well as successful track record. Established in 1995 WNISEF invests in small and medium-sized enterprises of Ukraine and Moldova providing them with capital of $1 million to $10 million and necessary management tools. WNISEF has a priority interest in consumer goods, light industry, manufacturing, retail/distribution, and financial services. Since its inception, the fund invested $93 million in 26 companies in Ukraine and Moldova. To date, WNISEF has realized 11 full realizations and six partial realizations. EEGF, managed by Horizon Capital, looks forward to a first close by summer 2005. It is a mid-market private equity fund, investing in medium sized private companies in Ukraine and Moldova. The fund will invest from $5 to $15 million in the consumer goods, light manufacturing, retail/distribution, tourism and financial services sectors. The post-Orange Revolution and pre-EU accession environment has created an exceptional platform for investments in these sectors.
European Business Association
http://www.eba.com.ua/
The European Business Association was established in 1999 as a forum for discussion and resolution of problems facing the private sector in Ukraine. At present it brings together over 400 European companies. The EBA arose from the initiative of companies and organisations that saw advantages and benefits in the European business community in acting together. The Association operates as an independent body responsible to its members. It acts as a platform for information exchange and dialogue with Ukrainian authorities. Being a non-profit Association of legal entities, the EBA sees its core mission as representing the interests of European and domestic investors in Ukraine, and improving the investment climate has been the EBA's major concern since the moment it was founded.
Ukraine International Airlines
http://www.ukraine-international.com/
Ukraine International Airlines (UIA) primary business is providing passenger and cargo transportation. Over the years since its creation UIA has satisfied all of the goals set out in its Foundation documents: creating a high quality competitive international Ukrainian airline; expanding and integrating Ukraine's aviation industry worldwide; introducing the best technology and management methods; attracting foreign investment and earning profits. Today Ukraine International has more than 40 representative offices in Ukraine and abroad. UIA's commercial network covers 70 countries. Ukraine International cooperates with airlines worldwide on the basis of 126 interline agreements.
UIA passenger traffic is growing steadily by over 25% per annum. The increase in domestic frequencies in 2003 resulted in 170% increase in passenger traffic within Ukraine. UIA continues to grow its cargo network. In addition to the cargo capacity on its full scheduled network and twice weekly freighter operation to Brussels, UIA launched three new weekly direct freighter flight to Vienna on An-12 aircraft. UIA also provides door-to-door delivery service within Ukraine.
Comp&nioN
http://www.companion.ua/
Comp&nioN is a Ukrainian weekly business magazine with 9 years of experience in delivering high-quality international and local business and economics analysis, in-depth market, technologies and regulation reviews.
The magazine attracts an exceptionally powerful audience of the key decision makers and opinion leaders in Ukrainian business, who typically hold senior positions within large national organizations.
Comp&nioN regularly supports outstanding business events and projects that aim to help Ukrainian managers to explore real-world business solutions to real-world issues, from people with first-hand implementation experience
INTERFAX-UKRAINE
News Agency
http://www.interfax.kiev.ua/
The "Interfax-Ukraine" News Agency is a division of the international group Interfax Information Services and has been a provider of information in the political and economic information market of Ukraine since 1992.
Over this time, the Agency has earned the reputation of being the most authoritative and competent supplier of timely and objective information. Among its clients are leading mass media, major corporations, investment funds, banking and financial institutions, state organizations and structures. Currently we market 26 different information products on political and economic subjects in three languages (Ukrainian, Russian and English).
KYIV-WEEKLY
http://www.kyiv-weekly.com/