News

SEARCHFIRST · SEARCHPREV · SEARCHNEXT · SEARCHLAST
1..20 · 21..36

On October 19-20 in Donetsk for the fourth time took place the International Investment Summit DID

DID (Donbass Investment Destination) 2011was devoted to the issues of interregional and cross-board cooperation and gathered more than 1000 participants. Donetsk was visited by potential investors and business partners from Russia, Belarus, Poland, Estonia, Italy, Austria, Germany, Korea, China, England, Sweden and other countries.

“Summit became an important event not only for Donbass, but also for all Ukraine. It is evidenced by the growing number of Summit participants and its expanding boundaries. Conduction of such high status event in Donbass is not accidental, since 25% of Ukrainian exports falls on Donetsk region” – underlined the Governor of Donetsk region Andrey Shishatskiy during opening the Summit.

In his turn, Mr. Jock Mendoza-Wilson, Director of International Relations with investors of "SCM" Company, said that Donetsk region has demonstrated that it is worthy of investment. “SCM as a leading financial-industrial group always trying to find partners for future work and the Summit, which takes place in the region is a great opportunity for this”. Also Jock noted, “In addition to physical work, physical projects, except working places, which been created, one of the most achievements of the Summit is that it helps improve the reputation of Donetsk, as a region for investment. Thanks to the Summit, national and international investors look at Donetsk in another way - as a place for potential pouring of money”.

Development of Euroregion Donbass and official entry of Donetsk region in it became one of the main Summit topics. One of the results was meeting of Euroregion Donbass Council, where participation of Donetsk region in the Union was secured by protocol. The document was signed jointly by the Vasily Golubev on behalf of Rostov Region, chairman of the Donetsk Regional State Administration Andriy Shyshatskiy and head of State Administration of Lugansk Region Vladimir Pristyuk.

Also within the frameworks of Summit, Donetsk regional Council signed Agreement on cooperation with the Legislative Assembly of Rostov region of Russia Federation. “One of the priority directions of our cooperation is implementation of new approaches in formation of local budgets, issues of administrative-territorial structure”, - noted the Head of Donets region Council Andrey Fedoruk. 

One of the largest international delegations at the Summit was Estonian. “Between Ukraine and Estonia has formed successful business relationship, only at the first half of 2011 the export from Estonia to Ukraine grew on 10%, and import from Ukraine to Estonia on 50%. During last several years also grew investments and tourist flow between our states”, - proclaimed commercial attaché of the Embassy of Estonia in Ukraine, Director of Enterprise Estonia Denis Priimagi.

Initiators of the Summit: Donetsk Regional State Administration and Donetsk regional council, under support of Donetsk Chamber of Commerce. General partner - "System Capital Management" (SCM). Partners: Ernst & Young, KPMG, Altera Finance. Organizer - Conference House Company.

General media-partners: “Invest gazeta”, “Delo”. TV-Partner: UBR. General communicational Partner: ESG. National Partner – Segodnya. General news media-partner: IA “Interfax Ukraine”.

Organizers’ page on Facebook

More

Investments in Ukraine

Author: Vladimir Lizunov, Director, Transactions and Restructuring Services

Consulting firm KPMG in Ukraine

Source Countries of Investments in Ukraine

According to the State Statistics Committee of Ukraine, the direct foreign investments in Ukraine amounted to over U.S. $ 4.7 billion in 2010 and almost U.S. $ 2.5 billion during 7 months of 2011. The main sources are Cyprus (U.S. $ 1.3 billion in 2010 and U.S. $ 1.7 billion during 7 months of 2011), Germany (U.S. $ 475 million in 2010 and 288.6 million U.S. dollars during 7 months of 2011), as well as the Netherlands and Russia. Unfortunately, this statistics fails to take into account the fact that, while Cyprus and the Netherlands, due to their favorable tax systems, are often used as the investor’s nominal jurisdiction, the ultimate beneficiaries may be businesses and individuals from Russia, Ukraine and other countries. At the same time, there is no doubt that Russia, being Ukraine’s largest neighbor and the major trading partner, as well as Germany, the EC’s largest economy and, incidentally, one of the largest investors in Russia, will be the biggest investors in Ukraine.

Investments in the key sectors

In the 1^st quarter of 2011, the main flow of direct foreign investments fell on the financial sector (770 million U.S. dollars), and metallurgy. The influx of the investments in the financial sector is to a large extent related to the authorized capital stock increase of the foreign banks’ Ukrainian subsidiaries. Historically, the metals and mining industry along with the agriculture are among the most attractive sectors for foreign investment. The investors’ interest in these sectors arises from increased global demand for metallurgy and agriculture products, as well as Ukraine’s relatively strong competitive position in these industries, . At the same time, Russian investors have presence in a number of sectors, including mining and smelting, financial, agribusiness, telecommunications, infrastructure, etc.

Investment attraction tools

The tools for the attraction of foreign investment may vary significantly among the industries. For instance, Ukraine’s agricultural businesses prefer initial public offering (IPO/SPO) in foreign stock markets, while the mining companies, as a rule, offer their blocks of shares to strategic investors.

In addition to the equity financing, Ukrainian companies may seek for loans and trade financing from foreign banks and financial institutions, or issue debt securities (Eurobonds).

Due to the negative impact of the unstable economic situation in the EC and the U.S. on the capital markets and the second wave of financial crisis looming, many Ukrainian companies have put on hold their initial public offering plans until the better times. Thus, the main foreign investment schemes in the near future will be mergers and acquisitions.

Public-private partnerships (PPPs) represent a new investment mechanism in Ukraine.  Typically, this scheme is used for implementation of large infrastructure projects (airports, roads, public utilities, etc.). A PPP scheme involves a consortium of private entities that provides capital investment and ensures debt financing, and a public sector authority that may act as a co-investor and/or provide indirect financing in the form of state guarantees and preferences. The consortium gains an investment income and derives certain revenues from operation of the facility within a certain period of time, while the state retains the ownership right on the facility and eventually takes over its operation from the consortium. The construction of the Black Sea LNG terminal is the largest PPP project announced in Ukraine.

The SCM Company will be the General Partner of the Fourth International Investment Summit DID-2011

System Capital Management (SCM) - leading Ukrainian Financial Industry Group announced about its support of the largest business forum in the country – International Investment Summit DID, which will take place on 19 October, 2011 in Donetsk. The fourth annual Summit is devoted to the issues of interregional and cross-board cooperation.

SCM Company is one of the leaders of Ukrainian economy, focusing on high professional standards facilitate to formation of Ukraine as European state, which is, certainly, contributed by the International Summit DID.

“The subject of this year investment Summit - interregional and cross-board cooperation is highly relevant to the development of the Donetsk region, and SCM Company. Donetsk region demonstrates economic growth, also thanks to cross-board trade, in particular with EU and Russia, and SCM is widely presented on international markets. Besides, the income structure of SCM on 49% consists on export, - said Mr. Jock Mendoza-Wilson, SCM Director on International Relations and Investor Relations. – Next important step for social-economic development of the region is search of opportunities for sharing the experience and knowledge of inter-regional economic development, as well as attraction of possible business partners for joint business activity”.

Annually Summit gathers about 1000 participants, among them Ukrainian business elite, and leading international companies, embassies and representatives of various business associations, as well as potential investors.

Previously the support was announced by unchanged partners of the Summit - "Ernst & Young" and "Altera Finance". Also this year the pool of partners was joined by KPMG Company. Organizer of the Summit is Conference House Company, under support of the Donetsk Regional State Administration, the Donetsk regional council and the Donetsk Chamber of Commerce.

Details or by phone +38 044 5411838. Participation is free of charge according to the preliminary registration.

Information

The SCM Company is a professional investor, the managing company of a major Ukrainian financial and industrial group with a diversified business portfolio in Mining and Metals, Energy, Finance, telecom, media, real estate, clay production, oil products trade, retail, pharmacy, agriculture, transportation and heavy engineering sectors. SCM Group consists of SCM, the managing company, and all businesses invested by SCM. The Group integrates over 100 enterprises and organizations in Ukraine, Russia the European Union (Italy, Bulgaria, Great Britain), Switzerland and the USA.

”Ernst&Young” Ernst & Young is a global leader in assurance, tax, transaction and advisory services. Worldwide, our 141,000 people are united by our shared values and an unwavering commitment to quality. We make a difference by helping our people, our clients and our wider communities achieve their potential. Ernst & Young established its practice in Ukraine in 1991. Ernst & Young Ukraine now employs more than 500 professionals providing a full range of services to a number of multinational corporations and Ukrainian enterprises.

KPMG is a global network of professional services firms providing audit, tax and advisory services. We have over 140,000 professionals working together to deliver value in 146 countries across the world. KPMG in Ukraine provides audit, tax, accounting and advisory services to local and international businesses. KPMG has been working in Ukraine since 1992, and our goal has always been to use the firm's global intellectual potential, combined with the practical experience of our Ukrainian professionals, to help leading companies to achieve their goals. In Ukraine KPMG’s offices are in Kyiv, Donetsk and Lviv.

Altera Finance Investment group - Investment Group is a private investment company specialized in asset management and investment banking. The company provides asset management services, as well as local and foreign investments' attraction, M&A, business restructuring and consolidation, custodian and registrar services, at the same time investing its own funds in Ukraine

General media Partner: Invest gazeta and Delo.ua portal. Communicational Partner – ESG. General TV-partner: Ukrainian Business Resource (UBR). The main news media partner - News Agency "Interfax-Ukraine".

Summit DID-2011: Interregional and cross-board cooperation

International Investment Summit DID is the largest business forum in the country, conducting in Ukraine since 2008 and which is the most authoritative gathering of Ukrainian and international business, discussing issues of economical development and investments prospects of Ukraine.

In 2011 DID Summit will be devoted to the Interregional and Cross-Border Cooperation ICBC (Interregional and Cross-Border Cooperation). Modern development of the principles of regional and State management, expanding of trade-economic, industrial, scientific, technical and cultural connections between regions of different countries reinforces the importance of regional cooperation. Interregional and cross-board cooperation has a special meaning to Ukraine, Russia and other post-soviet countries, where after the Soviet Union breakup were severed or severely limited the economic, cultural and social relationships.
   
Development of interregional and cross-board cooperation is restrained by imperfection of legal base of this sphere in national legislations of the States, and also within the frameworks of multilateral cooperation. Mainly it is the framework agreements that define only contours of co-operation. The Fours International Investment Summit DID 2011 is called to open the potential of interregional cooperation and to develop mechanisms of cooperation, which would allowed to establish  direct trade and economic cooperation between economy entities of countries, to create new formats of cooperation, to develop inter-regional program to support small and medium-sized businesses.   

The Summit is scheduled for October 19-20, 2011 and should stimulate the development of of good neighborly relations, as well as simplifying the business relationship between states and business units of different countries.

The project is implemented by the Donetsk Regional State Administration, the Donetsk Regional Council in partnership with companies Ernst & Young, KPMG, Altera finance and Conference House.

Results of the Third International Investment Summit DID in Donetsk

On September 29-30, 2010 in Donetsk took place the Third International Investment Summit DID PUBLIC-PRIVATE PARTNERSHIP in the context of new economic policy of Ukraine.

About the relevance and importance of Summit for the Region and State development is evidenced by the fact that the event was attended by the President of Ukraine Viktor Yanukovich. “I want to listen to people's initiative. Learn how you plan to bring together business and government, raise the social responsibility. I am willing to be a part of this process with you”, said Viktor Yanukovich referring to the participants of the Summit. Also President underlined: “Summit, which take place today in Donetsk is sorely needed. Partnership of State and private business will be beneficial for society – people, while corruption is widely spread among officials, will suffer”.

The First Prime-Minister Andriy Kluyev, who also took part in the First meeting of the Summit, in his turn mentioned, that one of the tools for attracting investors to Ukraine is a new law about public-private partnership. “Any investor understands that if his partner is a State, than, of course, he has an additional confidence in success of common projects”, said Andriy Kluyev.  
 
In general discussion took part representatives of local government - Anatoliy Bliznyuk, Chairman of the Donetsk regional state administration, Andrey Shishatskiy, Head of Donetsk region Council, Alexander Lukyanchenko, the mayor of Donetsk. Besides that the following experts were invited: Chairman of the International Advisory Board of the “Effective Governance” Foundation, Queen's counsel, Former Canadian Prime Minister Kim Campbell, academician Valery Geyets, Director of “Effective Management Fund” Natalya Izosimova and other international experts.

Totally the Summit was attended by more than 1500 participants from 16 countries, among them Austria, Germany, Canada, Korea, Netherlands, Poland, Romania, Russia, Estonia.
Summit Organizers: Donetsk Regional State Administration, Donetsk City Council, “Effective management” Fund, Ernst & Young, «Altera Finance» IG, and “Conference House” Company.
Partners of the Conference: “New investment prospects of Ukraine”, Ukrainian Stock Exchange and the RTS Stock Exchange.

Agenda, Summit materials and photo report are on the Organizers’ web site – www.ch.kiev.ua

In the frames of the Summit “PUBLIC-PRIVATE PARTNERSHIP in the context of new economic policy of Ukraine” will take place the Conference “New investment perspectives of Ukraine”

As it was announced before, on September 29-30, 2010 in Donetsk will take place the Third International Investment Summit DID, “Public-Private Partnership (PPP) in the context of new economic policy of Ukraine”. Organizers: Donetsk Regional State Administration, Donetsk City Council, Ernst & Young, Altera Finance, Conference House Company under support of the Donetsk Chamber of Commerce.
On the 30th of September scheduled the Conference “New investment prospects of Ukraine” organized by the investment group ALTERA FINANCE. Partners of the Conference: Ukrainian stock exchange and RTS Stock exchange.
Participants of the discussion: Alexander Taran, Head of State Agency of Ukraine for Investment and Development, Oleg Tkachenko, Chairman of the Board "Ukrainian Stock Exchange", Vadim Pushkarev, Chairman of the Board of VTB Bank (Ukraine), Konstantin Seregin, CEO Deutsche Bank (Ukraine), Andrzej Różycki, President Cargill, Dr. Gerd E. Lenga, General Manager of Knauf CIS, and others.

Participation in the Summit is free of charge according to preliminary registration!
Information
IG ALTERA FINANCE - Investment Group Altera Finance is one of the leading companies in asset management and investment banking. Investment Group provides asset management services, as well as local and foreign investments' attraction, M&A, business restructuring and consolidation, brokerage, custodian and registrar services.
Ernst & Young is a leading international company providing professional services. The company, numbering about 135 000 employees working in over 140 countries of the world, pursue the highest standards of integrity, quality and professionalism to provide clients with solutions in frames of the main directions of Ernst & Young activities: audit and consulting services, tax consulting, law and transaction advisory services.
Ukrainian Stock Exchange – is the leading organized stock market and the liquidity center of Internet trading in Ukraine. The Exchange launched trading in March 2009 and by now has become a leader of trading technologies on the Ukrainian stock market. It was the first exchange to launch the quote-driven market, internet trading, online index calculation, repo market and a central counterparty technology.
RTS Stock Exchange It is one of the leading stock exchanges and the leading trading venue for futures and options in Eastern Europe. It provides wide range of opportunities to investors, professional institutions and their Russian and foreign clients for shares, bonds as well as derivatives trading.

The Third International Investment Summit of Donetsk Region

On September 29-30, 2010 in Donetsk will take place the Third International Investment Summit DID, which will be devoted to the issues of Public-Private Partnership (PPP) in the context of new economic policy of Ukraine.  
The Summit is organizing by Donetsk Regional State Administration, Donetsk City Council, Ernst & Young, «Altera Finance», “Conference House” Company under support of the Donetsk Chamber of Commerce.
Despite the fact that the PPP for Ukraine – is a relatively new mechanism of cooperation between the State and business, it has been successfully used for a long time in the world. Thanks to the constructive cooperation between the government and private sector increased chances of moving the deadlock of large capital and infrastructure projects which can’t be financed in a full value by the State. This is particularly urgent in the run-up of EURO 2012.
Public-Private partnership will allow to attract financing in the spheres, which has strategic value, such as Housing, exploration of mineral resources and mining, construction and operation of highways, railways, bridges, tunnels and subways, sea and river ports and their infrastructure, engineering, etc.
The main goals of Summit will be discussion on the highest level of “Public-Private Partnership” subject, expert estimation of investment attractiveness and competitiveness of Ukraine. The participants will be able to get acquainted with the expertise of the leading Ukrainian and European experts on the latest financial instruments for Ukrainian companies.  

The Summit will host a conference "New investment prospects of Ukraine, whose partners are the" Ukrainian Stock Exchange and Stock Exchange «RTS».

Among the speakers expected the State Authorities, representatives of the CMU, leading Ukrainian and international experts in the field of PPP and investment, heads of major industrial corporations in Ukraine and foreign countries.

International Investment Summit gathered in Donetsk more than 900 participants

On September 21, 2009, Donetsk - the International Investment Summit, "Energy Efficiency - 2009" completed its work for in Donetsk. The participants of Summit became more than 900 representatives of government, business, scientists and international organizations.

According to opinion of Anatoly Bliznyuk, Chairman of the Donetsk Regional sonnets, urgency of energy saving for Donbass and other regions increases every year: “Donbass as a developing largest industrial region every year spends more and more money on energy. In 2007, expenxes of enterprises for heat and electricity grew almost on 19% compared with 2006, and in 2008 - already more than 32%. The figures speak for themselves - to implement energy efficiency technologies in our economy is need right now. So this year we have devoted the Summit to energy efficiency".

At the exhibition that took place in the framework of the Summit were represented over 300 existing developments in the field of energy and resources saving for three economic sectors: industrial, agricultural and municipal. During the "Fair of projects", were represented 19 the most perspective and ready for implementation energy saving projects for more than 2,5 billion UAH.

During the Summit, the Framework Agreement between the Nordic Environment Finance Corporation (NEFCO) and the Government of Ukraine was signed, which confirmed the status of NEFCO in Ukraine as an international financial institution and with the help of which will be developed new opportunities for implementation of energy efficiency projects in Ukraine. Among the other financial services NEFCO in Ukraine offers loans for energy efficiency projects for public facilities under 3% per annum. The amount of funding can be about 10-15 million Euro annually.

***
International Investment Summit - the largest regional event in Ukraine, which is an annual in nature and is attracts continued interest from the foreign and domestic companies which are interested in the development of the Donetsk region, as well as from central and local authorities. First Annual International Investment Summit of Donetsk Region was held on October 29-31, 2008 in Donetsk and has collected nearly 1000 participants, including 430 foreign delegates from 21 countries worldwide.
National partner of the Summit - the leader of Ukrainian business - Industrial Union of Donbass. Partners of the Summit - Deloitte, Ernst & Young, Altera Finance, Innex. The partner of "Energy efficiency in the agricultural sector" Section - "Promelektro”. The Summit is supported by  Donetsk Regional Council,  Donetsk Regional State Administration and Donetsk City Council, the National Agency of Ukraine for Efficient Use of Energy Resources (NAER). Organizer - Conference House, PR-partner - PRP Ukraine.

International Investment Summit Energy Efficiency – 2009

On September 17-19, 2009  in Donetsk at Cheluskintsev 189-B, «ExpoDonbass» will take place International Summit «Energy Efficiency – 2009»

The program of the Summit scheduled plenary sessions:

• Energy efficiency: investment into future, moderator - Anatoliy Blyznyuk, Chairman of the Donetsk Regional Council.
• Financing of projects in sphere of energy efficiency
• International scientific-practical conference Production and use of gas-metal: attracting of investments, Organizer - National Agency for efficient use of energy.

Also as part of the event, participants will be able to visit the branch sections:

• Energy efficiency in industry
• Energy efficiency in agrarian sector
• Energy efficiency in housing

In addition, we invite everyone to visit the exhibition in the framework of the Summit.

A detailed program of event at the web-site organizers www.ch.kiev.ua.
Participation at the Summit is free of charge.  Preliminary registration is must!

For the second year in succession the National Partner of the Summit is corporation “Industrial Union of Donbass” – one of the leading steel companies of Ukraine. Constant Partners of Summit are Deloitte and Ernst&Young Companies, investment group Altera Finance and Innex stock exchange. Also this year its support for the Summit provides Promelectro – electrical company of full cycle, providing the full spectrum of services in production, design and installation of electrical saving objects of construction. 

Summit will take place under support of Donetsk Region Council, Donetsk Region State Administration, Donetsk City Council, Donetsk Chamber of Commerce. The organizers – Conference House Company, PR support is providing by PRP Ukraine.

On September 8, 2009 was held the press-conference of Chairman of Donetsk Region Council A. Bliznyuk devoted to the questions of preparation of Donetsk Investment Summit

The event was also attended by representatives of partner companies in the Donetsk region on organization of the Summit: Alexey Kredisov, managing partner of Ernst & Young, Andrey Stepanov, partner at Deloitte, Mikhail Zhernov,  Head of the Board of Directors at Investment Group, “Altera Finance”.
Speaking at the briefing, Anatoly Bliznyuk said about the main purpose of his visit to Kiev: "We would like to present here the Forum, which is holding in Donetsk for second year. We want to say that we know how to do it. But we can do it better when we are together, as one team. At this table you can see our team - heads of consulting companies who take part in work not earning much money on this. They understand that if we want to live in a normal, civilized country, we must work together to make our country like that. Here is one of the events in this series - the Investment Summit in Donetsk, on which we would like to invite you”.
Mr. Bliznyuk also commented the main subject of this year Summit – Energy Efficiency: “Nobody removed from the positions innovations, investments, but… Donbass is old industrial region with restored after war equipment, which is now worn more than on 60%. Energy expenses at the same time are in two and sometimes in three times bigger than in case of using the latest technologies. Therefore, our task is to reduce material costs and increase the share of wages. We want to do it and I'm sure that will do", - summarized Anatoly Bliznyuk.

“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.”

Continue reading
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

“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.

!Новый документ!

 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.

SEARCHFIRST · SEARCHPREV · SEARCHNEXT · SEARCHLAST
1..20 · 21..36