Oleksy Didihurov, Editor-in-Chief of Boryspil magazine.
Rene Koinzack, the General Manager of Lufthansa Group in Ukraine, told LDaily about the development, innovations which are going to appear in Ukraine and the specifics of the Ukrainian market in the experience of one of the largest air carriers in the world.
Jean-Paul Piotrowski, the CEO of Credit Agricole Bank, told about his more than 30 years banking experience with LDaily. In particular, he told about the Universal Proximity banking model providing for service rendering to all customer segments; significant potential of Ukraine not only in financial but also in high-tech fields; and special aspects of management in crisis situations. The experienced banker is convinced that fundamental values like social responsibility and proper attitude towards people are the most important for any business.
S&P Investment Risk Management Agency is one of the few companies in the Ukrainian market of risky investments, which helps foreign businesses to invest freely in Ukraine, store and increase their assets. Mykola Siutkin, the founder of S&P Investment Risk Management Agency, told LDaily how foreign businesses in Ukraine should manage risks and protect their assets.
Dominik Strobel, Award-winning General Manager of Hyatt Regency Kyiv.
Anton Usov, the EBRD Chief Spokesman, commented on Ukraine's investment attractiveness to foreign investors, the legal challenges that affect the Bank's work, and the most attractive sectors worth financing in Ukraine.
Martin Franz Werschlan, the CEO of Roche Ukraine, shared his many years of experience in the medical field, in particular at a world-scale Roche Company. Noteworthy, the enterprise started its activity in Odesa (1898). So, it has been present on the territory of Ukraine since the end of the 19th century. In his interview with LDaily, Mr. Werschlan outlined the significant innovative developments in the production of drugs that can help patients improve their quality of life. He also noted that close cooperation with the state is crucial for the effective functioning of the Ukrainian medical sector.
Yuriy Gaiduchok, VP Business Competence and Services at Intellias.
The end of 2019 was marked by milestone events aimed at improving the investment climate in Ukraine. The RE: THINK. Invest in Ukraine forum in Mariupol, initiated personally by the President V. Zelensky; Ukraine’s entering the list of Top 10 most promising countries for investment in clean energy (according to the Climatescope 2019 Report, there was a rapid leap by 55 positions in the ranking); signing the law on stimulation of investment activity by the President of Ukraine; liberalization of currency legislation…
However, according to the European Business Association data, the country’s investment attractiveness has worsened over the previous years: the Investment Attractiveness Index is currently 2.85 points (at the 2016 level), which is less than last-year 3.07. These negative trends might have made the new Ukrainian government pay attention to this sector of economic development.
Experts from the EU Delegation to Ukraine highlight the most important obstacle to investment – the high level of corruption and, consequently, the imperfection of the rule of law and the improper work of state institutions aimed at ensuring the efficiency of financial and economic activity.
Even so, the current positive developments and government initiatives give a reason for optimistic forecasts. The investment climate will improve slowly yet steadily. There are still many risks for the business, but the proper strategy of legal protection and effective communication allow businesses to successfully establish in the country’s market and profit even more than in Europe.
For this issue of our magazine, we have asked well-known experts in risk management, heads of international organizations, powerful business owners planning to enter the Ukrainian market, were asked to share their experience in the issues a potential investor may face in Ukraine and how these issues can be solved.
Nana Pipiia
Editor-in-Chief of LDaily