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11/12/2008
“Already 6 projects are now being negotiated with investors,” – Anatoliy Blyznyuk


11/05/2008
275 projects were presented at the Summit amounting to 48.6 billion UAH


10/31/2008
"We have put Donetsk on the international map as an investment destination", - Jock Mendoza-Wilson


10/31/2008
"Its time to sell ourselves on international buisness language", - Summit organizers


10/31/2008
Donetsk summarizes the results of the Annual International Investment Summit of the Donetsk Region


10/31/2008
“Donetsk is the future business capital of Ukraine”, – Anatoliy Blyznyuk


10/30/2008
Project of the Donetsk National Technical University sold


10/30/2008
The international companies affirmed their objectives to continue nurturing investment in the Region


10/30/2008
The EBRD are ready to continue investing to the Ukrainian infrastructure and real estate


10/30/2008
Academia and Government to Sign a Cooperation Agreement


All news »


News

“Already 6 projects are now being negotiated with investors,” – Anatoliy Blyznyuk

“Investors are getting more active. Our partner company Conference House that organized the entire process informed us, that after the Summit there had been 3 times more inquiries into the event’s projects database. People are interested. And this means that we will definitely make the next Summit even more effective, – stated the Head of the Regional Council at the press conference on the 5th of November. – In more detail, according to my data, there are already 6 projects, which are now being negotiated with investors. These projects involve road construction, as well as construction of shopping and entertainment centres and logistics centres. The French businessmen are interested in the ceramic production and kaolin refining plant, while one American company is interested in construction of a waste processing plant. But as you know, it’s not a matter of one day, it’s a process. And I am convinced that it will bring results. Thanks to the Summit, we saw for ourselves and learned the proper way to do things, and this is the main achievement. Now, having this basis and background, local authorities can enter the global markets with proposals and projects.”

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http://www.sovet.donbass.com/m1/ru/press_service/news/newsarchive/01642107
 


275 projects were presented at the Summit amounting to 48.6 billion UAH

 
According to the summary results of the Annual International Investment Summit of the Donetsk Region, 275 projects were displayed at the exhibition on investment projects, amounting to 48.6 billion UAH (10.02 billion USD). Projects were presented by 158 businesses and organizations from the Donetsk Region, on a 1774 sq. m. exposition area.

The most capital rich projects were associated with the section on “Real Estate and Infrastructure. Euro-2012” – 77 projects were entered under this section amounting to 33.6 billion UAH, or 6.9 billion USD. The section on “Investment in Donbas’ Real Sector” acquired 93 project entries totalling 6.5 billion UAH or 1.3 billion USD, and the section on “Innovations and Energy Saving Technologies” – 105 projects for a total of 8.5 billion UAH or 1.75 billion USD.


"We have put Donetsk on the international map as an investment destination", - Jock Mendoza-Wilson

 Despite the unfavourable economic situation in the world, the Summit was visited by a string of international investors. Many other potential partners and investors showed their interest in the investment projects presented, and continued to work with organizers and Donetsk Region businesses on an individual level. Jock Mendoza-Wilson, Director of International and Investor Relations for SCM: «As a national sponsor, we’re very satisfied with the Summit results. Despite the difficult current economic environment, the Summit was well attended both in the numbers and the quality of delegates. As for the results, we hadn’t expected contracts to be signed at the Summit. Instead, the goal was to put Donetsk on the international map as an investment destination, and we have achieved this. International delegates I spoke with were impressed by the opportunities Donetsk has to offer, and they’ll carry this message to their colleagues and contacts when they return home».


"Its time to sell ourselves on international buisness language", - Summit organizers

 Organizers stated their readiness to lead the International Investment Summit of the Donetsk Region on an annual basis, and to initiate activity by creating an attractive investment image for the Region, and increasing the culture of business dialogue for representatives of regional businesses and sciences. “The Region, first of all, must learn how to interact on the same level as investors and representatives from foreign delegations. This is the first step on the road to renewing Donbas not only at the industrial, but also at the business level. Then Donetsk should become the business capital of Ukraine,” – stated the Head of the Donetsk Regional Council Anatoliy Blyznyuk.
“Our sciences have learned how to invent, how to create, but not how to sell themselves. We should help them with this,” - stated Mykhailo Zhernov, Chair of the Board of Directors for Altera Finance investment group – organizer of the section on “Innovations and Energy Saving Technologies”.


Donetsk summarizes the results of the Annual International Investment Summit of the Donetsk Region

Many participants visited the largest investment event in Donbas history, which took place in Donetsk 29-31 October 2008. The event was visited by 972 participants, of which 430 were foreign delegates from 21 countries: Austria, Brazil, Bulgaria, Canada, China, the Czech Republic, Finland, France, Germany, Great Britain, India, Indonesia, Italy, Lithuania, Poland, Romania, Russia, Slovakia, Spain, Switzerland, and the U.S.

Andriy Stepanov, Partner at Deloitte – organizer of the conference on “Real Estate and Infrastructure. Euro 2012”: “In terms of the global economic crisis, it is particularly important to establish a long-term partnership with strategic investors and international financial institutions, and that is why we are very happy that organizations like EBRD, the IFC, Morgan Stanley, HSBC Bank, UBS, ING Bank, the Warsaw Stock Exchange, etc. took an interest in the Summit.”


“Donetsk is the future business capital of Ukraine”, – Anatoliy Blyznyuk

At the final press-conference, organizers and partners of the Annual International Investment Summit of the Donetsk Region summed up the results of the event, which took place from 29-31 October in the city of Donetsk. According to event organizers, the Summit reached its goal – to demonstrate the investment potential of one of the most dynamic and developing regions of Ukraine and Central-Eastern Europe to event guests amongst which were 430 foreign delegates from 21 countries: Austria, Brazil, Bulgaria, Canada, China, the Czech Republic, Finland, France, Germany, Great Britain, India, Indonesia, Italy, Lithuania, Poland, Romania, Russia, Slovakia, Spain, Switzerland, and the U.S.

Conference organizers feel that the Summit portrayed the Region’s unique investment potential, but also put a new task before regional businesses – business planning and shifting projects to the international level, as well as improving business communications and promotion. The Head of the Donetsk Regional Council Anatoliy Blyznyuk evaluated the prospective formation of Donbas’ attractive investment image: “I now understand that there is a need to improve the ideology of business relations to the level that investors and representatives of foreign delegations bring to us. This is the first step in renewing Donbas, not only at the industrial, but also at the business level. Then Donetsk, by right, will be called the business capital of Ukraine.”



Project of the Donetsk National Technical University sold

During the exhibit of investment projects and the conference section on “Innovations and Energy Saving Technologies”, an agreement was concluded for over several million dollars with one of the section’s projects. The Donetsk National Technical University and Engler Enterprises Ltd. (Hong Kong) signed a licensed agreement for user’s rights to Chamber Electroslag Remelting (ChESR) technology, a new method in the production of high quality ingots from titanium and titanium alloys for use in aviation and rocket construction, energy, chemical industries, medicine, atomic energy, auto construction, and others. According to the Rector of the Donetsk National Technical University Oleksandr Minayev, successful deal at the Summit was preceded by extended negotiations and project presentations abroad.


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 International organizations already established in the Donetsk Region actively participated in the section on “Investment in to Real Sector of Donbas”, confirming the continuation of their activities and realization of investment programs in the Region, despite the global downturn. “The real sector of the economy was represented by great international investors in the Donbas economy such as Cargill, Knauf, Lafarge, Siemens and others. In addition, 11 French companies took part in the section, forming their own “French Club” headed by the Commercial and Economic Counsellor of the French Embassy in Ukraine Philippe Pegorier – explained Manager of Business Development at Ernst & Young Ihor Zahlada. – It is admirable that all of the companies affirmed their objectives to continue nurturing investment in the Region”.


The EBRD are ready to continue investing to the Ukrainian infrastructure and real estate

 EBRD Director for Municipal and Environmental Infrastructure, Jean-Patrick Marquet has visited Donetsk in the annual International Investment Summit of the Donetsk region. Mr. Mark noted the rapid spread of financial crisis that has began in the United States and has come to Ukraine. Instead of that, the distinguished guest said the following things: We can still help, we are open for business, we are preparing projects, we are signing new loans in the municipal sector. If projects are large as for example for Euro 2012 they are very large we will join our forces with other international financial institutions like DVIB, the Nordic Investment bank. There are solutions please talk to us we can we can help you preparing the projects and funding the projects even in current circumstances”

 

The EBRD has been demonstrating considerable attention to the Ukrainian infrastructure and real estate for a long time, and today they are ready to continue investing: In Ukraine we have invested more than 3 billion euros on a cumulative basis of which pretty much half was in corporate sector and 22% in infrastructure whether at municipal level or intercity transport level. In terms of municipal infrastructure what we are talking about – in terms of sectors it’s water, waste water, it’s district heating, urban transport – best standard tramways, metros, it’s energy savings for utilities or municipalities, it’s and it’s also housing rehabilitation. What do we offer – we offer loans, but also equity investment, but we can also participate in bond issues”.


Academia and Government to Sign a Cooperation Agreement

On 30.10 during the Altera Finance section of the conference entitled “Innovations and Energy Saving Technologies”, part of the International Investment Summit of the Donetsk region,  a formal ceremony took place on the signing of an agreement of joint activity between the Donetsk regional state administration, the State agency of Ukraine on investments and innovations and the Donetsk scientific center National Academy of Sciences of Ukraine, and the Ministry of Education and Science of Ukraine.

Volodymyr Lovhynenko, Chairman of the Donetsk regional state administration, Victor Ivchenko, Chairman of the State agency of Ukraine on investments and innovations, and Volodymyr Shevchenko, First vice-chairman of the Donetsk scientific center National Academy of Sciences of Ukraine and the Ministry of Education and Science of Ukraine signed the agreement with the aim of realizing innovative and investment programs and projects for the development of the Donetsk region.

Those who took part in this section:

• Mykhailo Zhernov, Chairman of the Board of Directors, Altera Finance investment group.
Volodymyr Ishkov, Deputy Head of the Donetsk Regional Council.
• Mykola Steblynskyy, acting General Director of State Innovations Financial-Credit Institutions.

• Anatoliy Shchydlovskyy, Director of the Institute of electro-dynamics National Academy of Sciences of Ukraine, Academic of the National Academy of Sciences of Ukraine.
 Hennadiy Pyvnyak, Rector of the National Mining University of Ukraine, Academic of the National Academy of Sciences of Ukraine.
• Oleksandr Maystrenko, Deputy Director of the Institute of Coal Energy and the Ministry of Fuel and Energy, member-correspondent National Academy of Sciences of Ukraine.

The parties also discussed the challenges of developing modern energy, the particularity of realizing innovative and investment policies at the regional level, they also set the strategic groundwork for realizing the Programme of scientific and technology development of the Donetsk region until 2020, and the necessity of establishing a permanently operating consulting-advisory organ (coordinating committee), composed of representatives from all parties involved, as well as other scholars and experts.


The Donbas Arena stadium to become the Region's visiting card at Euro 2012

During the conference section run by Deloitte on 30 October 2008, the Director of Operations for the Donbas Arena stadium Oleksandr Atamanenko presented the Donbas Arena stadium project in the context of the Region’s preparations for Euro 2012.

According to Oleksandr Atamanenko, Donbas Arena will be the first stadium in Eastern Europe designed and built according to UEFA’s 5-star standards. Taking into consideration the size and complexity of the project, the stadium is to become a trail blazer. It will be a modern entity, ready to host international conventions, as well as national and regional events. Other than this, the stadium will be one of the principally recognized commemorations of Donetsk.

With the project coming close to the finish line, Oleksandr Atamanenko commented on the recent visit of UEFA experts to Donetsk: “As a result of the UEFA experts’ inspection visit, and diligent analysis of all of the parameters of the stadium’s infrastructure, all the reasons are there to believe that Donbas Arena not only fully meets all the requirements of an Elite class stadium described in the “Agreement on stadiums for the final tournament of the UEFA European Football Championship 2012,” but may also become one of the best stadiums in Europe, and could be considered for the UEFA League of Champions finals.”

From the very beginning of the project it was envisaged that the stadium would be able to hold 40 000 viewers. However, after taking into consideration a row of factors, including UEFA requirements for the design and construction on new stadiums, the number of seats had to be reviewed. The Club decided  that the Shakhtar stadium should have an unforgettable and unique design, organically fitting into the environment of the Lenin Komsomol Park, and should receive UEFA’s 5-star accreditation by ensuring 50 000 is seats.

 


The Shareholder of SCM Company Renat Akhmetov commented on the global economic trends and their impact on Ukraine

On October 29, 2008 at the Grand Opening of the Annual International Investment Summit of the Donetsk Region, the high-level representatives of government and large business commented on the impact of the global economic trends on Ukraine. 
“Today, the entire world is concerned about the financial crisis. Unfortunately, it hasn't passed Ukraine by, - stated the Shareholder of SCM Company Renat Akhmetov. - It is very important for the State now to increase funding of the large-scale infrastructure projects, including construction of airports, roads, bridges and overpasses. This is critical for our entire economy.  And even more importantly,  we need to create a favourable investment climate. We need to have equal rules of the game for all. The rules should be simple, transparent and clear for the investor. Our main task is to make Ukraine the best country in Europe to do business.”


"The Summit demonstrates our openness, partnership and cooperation", - Anatoliy Blyznyuk

On 29 October 2008 during the opening ceremony of the Annual International Investment Summit of the Donetsk Region, Head of the Donetsk Regional Council Anatoliy Blyznyuk declared innovations the priority for the Donetsk region: “By holding the Annual International Investment Summit of the Donetsk Region we are demonstrating our openness, partnership and cooperation.  The Summit – this is a place for businesses to interact with businesses in a language of figures and concrete projects. I know that attracting financial resources to the Donetsk Region is not a task for one day or one year.  Donbas’ strategy for the future – changing from an old industrial region to an up to date, modernized and innovative region.”


Annual International Investment Summit of Donetsk Region has opened!

Annual International Investment Summit of Donetsk Region was inagurated on October 29, 2008 by the President of Ukraine V. Yushchenko, the President of Poland L. Kaczynski, Head of Donetsk Regional Council Anatoliy Blyznyuk, the Shareholder of SCM Company R. Akhmetov, as well as the representatives of Deloitte, Ernst&Young and Altera Finance Company. At the Grand opening ceremony, the honourable guests wished the Summit participants from 20 countries productive work and called for the improvement of the investment climate of Ukraine, despite the global downturn. Also, the President of Ukraine V. Yushchenko and the President of Poland L. Kaczynski opened the investment fair, where over 250 projects of national and regional scale totalling around 44 bln. UAH were presented by Donetsk companies.


Round table "Investing in The Ukrainian Economy - the opportunities and challenges" will be held on october 30, 2008

 On October 30, from 11.00 till 12.00, in press centre «Expo Donbass» representatives of leading Ukrainian and international investors will discuss the opportunities and challenges of investing in the country and the region.

Jock Mendoza-Wilson, Director of International and Investor Relations, Andre Kuusvek, director of EBRD in Ukraine, Mr. Jorge Zukoski American Chamber of Commerce President and Vitaly G. Butenko, Chief Strategy Officer at DTEK, will also discuss what investors are looking from projects and discuss the reforms which could improve national and regional investment attractiveness.


An investment projects' exhibition will be opened for everybody interested in on October 31, 2008


31 October, 2008 the exhibition of investment projects will pass during the Investment Summit of the Donetsk region. Projects are presented in three sections: “Real estate and infrastructure. Euro 2012”, Conference “Investments in to Real Sector of Donbass” and “Innovations and energy saving technologies”

Downtime of exhibition – 10.00 – 15.00. For all persons interested in this event entrance is free.



 


«RBC-Ukraine»: Web-conference with the managing partner of company «Ernst&Yang» Alex Kredisov

24 October, 2008 in 14:00 in a press-centre "RBC-Ukraine" (street Grushevskogo, 10) will take place web-conference with the managing partner of company «Ernst&Yang» by Alex Kredisovym. Main theme of conversation: "Prospects of Donetsk region's investments formation in the in the conditions of global economic crisis"

«RBC-Ukraine»
http://press.rbc.ua/online/id/88/


“The Investment Summit – this is our recipe against the financial crisis,” - A.Stepanov, “Deloitte”

According to “Deloitte” – an organizer of one of the Summit’s sections – at the centre of the global stock market crisis a change is taking place from speculative investments toward long-term investment projects, which provides Ukraine, and the Donetsk region in particular, with great opportunities.  “The Investment Summit – this is our recipe against the financial crisis. Right now, we – business and government – are introducing projects that are interesting from the point of view of being of long-term, operational potential and focused on the strategic development of the region,” stated A. Stepanov, partner at “Deloitte”, at a press conference that took place on September 29, 2008 at Interfax-Ukraine.
According to investment-banking analysts, a crisis only structures the investment community, separating the speculative investments from the long-term ones.  “Investors, who came here to make a quick profit, will leave or have left already.  And those who are serious and have come for a while, aren’t going anywhere,” said M. Zhernov.  “During a crisis, an investor is afraid of investing in risky projects, and that is why the Donetsk region, where one can acquire profit from long-term work with large projects, is very attractive for business.  One can’t just come here, make a profit and leave.  One has to stay and work for a while.”


“The financial crisis will not stop investment in Ukraine”, - Summit organizers

The global financial crisis will not hinder international investment in Ukraine, but the opposite – it will attract investors with “serious intentions.”  This was affirmed by representatives of investment and consulting companies at the press conference held on 29 September 2008 at information agency Interfax-Ukraine.
The impact that the global financial crisis will have upon Ukraine is the resonance of successful integration into the global economic community.  Financial market experts expect that the consequences for Ukraine will not be as dramatic as it will be fore the “older” American or Western European markets. “Putting the financial crisis aside, there isn’t less money in the world.  It is necessary for investors to now invest funds into growing markets, and there aren’t that many of those – and this is where Ukraine’s prospects lie,” affirmed M. Zhernov, Head of the Board of Directors for "Altera Finance". - “The current situation is not simple, but it isn’t critical either, as for example, in the U.S.  In communicating with foreign partners we can confirm that Ukraine is currently in a more comfortable position than many other post-Soviet states.  There is money for Ukraine.”


“The Summit will take place at an opportune time,” - Anatoly Blyznyuk

According to the Head of the Donetsk Regional Council Anatoly Blyznyuk, the financial crisis has caused a serious fall on the metallurgical market, which points all the more to the necessity of diversifying the region’s economy, introducing energy-saving technology and innovations.  In Blyznyuk’s opinion, the temporary crisis should not influence the long-term plans for international cooperation within the economic sphere. “The dynamics behind realizing investment projects doesn’t take 5 minutes, but a year, two or longer to carry out. The crisis will finish, but those who see perspective in the fall, will win even more. This provides the argument for the benefit of holding the Summit right now,” stated A.M.Blyznyuk, Head of the Donetsk Regional Council, at the press-conference held on 29 September 2008 at Interfax - Ukraine. According to data from the Donetsk Regional Council, since 2000, the Region has incurred over 4 billion USD in foreign investments.  Thanks to the Donetsk Region’s Annual International Investment Summit and proactive attraction of investment, the Regional Council plans to substantially increase the influx of capital into the region.  “If, as a minimum, one tenth of the proposed investment projects, totalling 44 billion hryvnia, are realized, then we can deem this event to be a success,” stated A.M. Blyznyuk.

























































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