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GENERAL DIGEST #57 Monday, 12th of May, 2008 |
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Upcoming Events
| Tuesday, 13/05, 11:00 EBA Life Insurance Committee EBA office in Kyiv 1st floor, 1A Andriyivsky Uzviz Tuesday, 13/05, 16:00 EBA Health Care Committee Registration Subcommittee EBA office in Kyiv 1st floor, 1A Andriyivsky Uzviz Tuesday, 13/05, 16:00 Branch Board meeting with Mr Rzhepishevsky, Head of the Southern Office of the Ministry for Foreign Affairs - EBA Odesa Branch Ministry of Foreign Affairs 3 Otradna St, Odesa Tuesday, 13/05, 17:00 Branch Board meeting- EBA Western Ukrainian Branch EBA Office in Lviv 6 S.Bandery St, office 3 Wednesday, 14/05, 9:00 Europe Day with informational support of EBA: Conference Development of Economic Relations with EU After WTO Accession - EBA Odesa Branch Odesa State Economic University Time to be confirmed |
Wednesday, 14/05, 10:00 Turkish Trade mission - EBA Odesa Branch Hotel Black Sea 25 Potemkinska St, Odesa Wednesday, 14/05, 17:30 Working Group on Production Management - EBA Western Ukrainian Branch EBA Office in Lviv 6 S.Bandery St, office 3 Thursday, 15/05, 9:00 Customs Forum - EBA Odesa Branch Hotel Odesa 6 Primorska St, 4th floor Thursday, 15/05, 16:00 HR Managers` meeting: applicants evaluation express methods at an interview - EBA Zhytomyr Branch Hotel Zhytomyr 6 Peremohy Sq, Zhytomyr Thursday, 15/05, 17:00 EBA Real Estate Committee EBA office in Kyiv 1st floor, 1A Andriyivsky Uzviz |
Friday, 16/05, 9:30 EBA Customs Committee EBA office in Kyiv 1st floor, 1A Andriyivsky Uzviz Friday, 16/05, 18:00 Round table: Odesa Region in Europe, Europe in the Odesa Region - EBA Odesa Branch Oblast State Administration 4 Shevcheka Ave, Odesa Saturday, 17/05, 12:00 Europe Day in Donetsk with informational support of the EBA: round tables on European integration of Ukraine, Euro-2012 - EBA Donetsk Branch Shcherbakova Park, Donetsk Monday, 19/05, 9:00 EBA Agrochemical Committee EBA office in Kyiv 1st floor, 1A Andriyivsky Uzviz Wednesday, 21/05, 9:00 EBA Working Group Meeting on the elaboration of the EBA Investment Climate Index EBA office in Kyiv 1st floor, 1A Andriyivsky Uzviz |
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Hit of the next week
| Tuesday, 27/05, 9:00 Business Morning The European Business Association invites EBA Members to take part in the Business Morning with the Minister of Economic Affairs of Ukraine Mr Bohdan Danylyshyn to be held on May 27, 9:00 at the Radisson SAS Hotel, 22 Yaroslaviv Val. |
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| May 11th, 2008 VI EUROPE DAY IN KYIV  |
| Nowadays Europe Day is not only the anniversary of the
European Union and the day when all Europeans celebrate their common
values, but also a unique occasion for the European Union and Ukraine
to come together and celebrate common heritage and future. Since 2003
the EBA has celebrated it together with the EU countries' representatives
annually in Kyiv. On 11 May, 2008, the European Business Association
as an organization willing to promote European values and experience
and to support the enhancing of EU-Ukraine economic cooperation, took
the challenge to provide proactive support for the EC Delegation in
organizing Europe Day in Ukraine. This year the EBA once again had the pleasure to organize Public Discussions on economic issues which were included in sessions on: 13:00 - 13:45 - Visa Policy in conditions of the Schengen zone; 14:00 - 14:45 - The UEFA 2012 European Football Championship - who gets in it's road?; 15:00 - 15:45 - Kyiv - the European capital town: pro & contra; 16:00 - 16:45 - WTO and FTA: the myths and the reality. |
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| The EBA expresses its gratitude to guest speakers who
took part in discussions, namely to: Mr Grygory NEMYRYA, Deputy
Prime Minister of Ukraine, Mr Ian Boag, Head of the Delegation
of the European Commission to Ukraine and Belarus, Representative
of the European Commission to Ukraine and Belarus Mr Bernard BOHENSPERGER,
Dr Josef-Markus WUKETICH, Ambassador Extraordinary and Plenipotentiary
of Austria to Ukraine, Mr Jacek KLUCZKOWSKI, Ambassador Extraordinary
and Plenipotentiary of Poland to Ukraine, Mr Krister MIKKELSSON,
Ambassador Extraordinary and Plenipotentiary of Finland to Ukraine,
Mr Oleksandr BRYGYNETZ, Councilor of Prime Minister of Ukraine
EC Delegation to Ukraine and Belarus, Mr Luis-Manuel PORTERO-SANCHEZ,
Head of Trade and Economic Section of the Delegation of the European
Commission to Ukraine and Belarus, Mr Gregor ZAGRAISHEK-GOLIE,
Vice Councillor of the Embassy of Republic of Slovenia to Ukraine,
Mr Pavlo KLINKIN, Head of EU Department of the Ministry for
Foreign Affairs of Ukraine, Mr Sergiy BORODYNKOV, Deputy Head
of the Department of the Councillar Service of the Ministry for Foreign
Affairs of Ukraine, Mr Phillippe PEGORIE, Councillor for Economy
and Trade of the Trade Mission of the Embassy of French Republic to
Ukraine, Ms Maryna RYMARENKO, Head of the Marketing Department
of Deol Partners, Director of Arktur Travel Company. The main aim of the Public Debates was to demonstrate the advantages of EU-Ukraine economic cooperation and share the European values with the wide public through public discussion, informal friendly conversation and interactive entertainment.  The
EBA would like to express special thanks to the Main Partner of
the Public Discussions - Unilever
Ukraine.Also we appreciate the partnership of the Europa Plus FM Radio for creating relaxing atmosphere between discussion sessions. |
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Information Support
| May 17th, 2008 'Ukraine: Investments. Infrastructure. Euro-2012' Dear EBA Members, herewith we would like to inform you on the Investment Forum 'Ukraine: Investments. Infrastructure. Euro-2012' to be held in Kyiv, 17 May 2008. The organizer of the Forum is the Ministry of Economy of Ukraine. The Forum will bring together the government officials, diplomatic and trade missions, international and national businesses in order to learn and discuss the investment projects and potential of |
Ukrainian regions, in particular in frames of
Euro-2012 preparation. The Forum's program will cover the following topics: - Ways to increase competitiveness of Ukraine; - Euro-2012: opportunities for private capital; - Dialogue with foreign investors; - Ukraine and world food market. Should you feel interested in participating in the Forum, you are welcome to register yourself at the Forum's web-site. |
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| June 5th, 2008 The UN announces photography contest in Ukraine “Caring for our planet – Addressing climate change” The United Nations in Ukraine in partnership with the Ministry of Environment of Ukraine and with the support of Olympus company invites to participate in the national photography contest “Caring for our planet – addressing climate change”. This contest is aimed at raising awareness on importance of addressing climate change challenges and promoting responsible attitude towards environment among decision-makers and general public. The photography contest is organized for the first time this year. Photos taken in Ukraine and other countries can be submitted. Colour and black-and-white photographs are accepted. Entries must meet the following requirements: TIFF or JPEG format, 300 dpi resolution, 20 cm x 30 cm. |
 The deadline for submitting entries – 20 May 2008. The winners will be awarded during the ceremony and exhibition opening on World Environment Day – 5 June 2008. The exhibition will be opened till 15 June 2008 at the Institute of Contemporary Art (30 Vorovskogo Str., Kyiv). Prizes are provided by Olympus company. Click here for more information on prizes and how to submit entries. E-mail: konkurs@un.org.ua or call +380 44 254 00 35, focal point: Iryna Mazur. |
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| September 1st, 2008 German School opens in Kyiv on 1 September 2008 At long last a German School will open its doors in Kyiv on 1 September! Located in the centre of Kyiv, the school's programme will follow the concept of "encounter" or "Begegnung" - giving German students the opportunity to familiarize themselves with the Ukrainian language and culture by studying with Ukrainian and students from other nations, who are interested in the German language and culture. The school will start at elementary level with two classes for Years 1 to 4 (from age 6 to 10). Years 1 and 2 and Years 3 and 4 will be taught together initially. Subjects |
will mostly be taught by native German teachers, with
teachers from Ukraine for the Ukrainian part of the curriculum. In
years to come the school will gradually expand into secondary level. The opening of the German School in Kyiv is based on an initiative of committed parents, who founded a school association in the autumn of 2007. The German and Austrian Embassies support this project. Parents who wish to enrol their children at the German-Ukrainian "Begegnungsschule" are invited to send in their applications a.s.a.p. Further information and application forms can be found on www.deutscheschule.kiev.ua |
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News from the EC
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| Slovakia can join the euro area
in 2009 The European Commission concluded that Slovakia meets the criteria for adopting the euro and made a proposal to the Council to this effect. The regular Convergence Report on euro readiness, adopted by the Commission, shows that the other nine countries with a so-called 'derogation' have made progress on the road to the single currency, but do not yet meet all the conditions for euro adoption. The Council of EU finance ministers (ECOFIN) will take the final decision on the adoption of the euro in Slovakia in July, after Parliament has given its opinion and EU heads of state and government have discussed the subject at their summit meeting in June. |
“Slovakia has achieved a high degree of sustainable
economic convergence and is ready to adopt the euro on 1 January 2009.
However, to ensure that the adoption of the euro is a success, Slovakia
must pursue its efforts to maintain a low-inflation environment, be
more ambitious with regard to budgetary consolidation and strengthen
its competitiveness position," said Joaquin Almunia, EU Commissioner
for Economic and Monetary Affairs. The so-called “convergence criteria” which an EU member state needs to fulfill in order to join the euro area consist of four stability-oriented economic conditions regarding the government budgetary position, price stability, exchange rate stability and convergence of long-term interest rates. The national legislation on monetary affairs must also be in line with the EU Treaty >>> read more |
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News from the Members
| May 12th, 2008 2nd International Conference “Insurance of Investment into Real Estate: Reality and Prospect” On the 21st of May 2008, the 2nd International Conference “Insurance of Investment into Real Estate: Reality and Prospect” will be held at the “Hyatt Regency Kiev” hotel, initiated by the Ukrainian Building Association and group of companies “Slav-Invest”. The insurance company “INGO Ukraine” is a general partner. The representatives of the Verkhovna Rada of Ukraine, the Ministry for Building and Regional Development, the League of Insurance Organizations of Ukraine, representatives of leading insurance, building companies, banks and leader companies in the rendering of audit and legal services in the real estate sphere are invited on the Conference. Read more >> April 30th, 2008 First quarter 2008: Continued growth and stable margin In the first quarter of 2008, Telenor’s pro forma revenues (including Kyivstar) increased by four per cent compared to the first quarter of 2007, reaching NOK 26.3 billion. Underlying revenues increased by seven per cent in the same period. The EBITDA margin before other income and expenses was 35.1 per cent in the first quarter of 2008, up from 34.8 per cent in the first quarter of 2007. Telenor’s operations added more than four million subscriptions during the first quarter. "In the first quarter of 2008 we saw continued underlying revenue growth combined with a stable EBITDA margin. The appreciation of the Norwegian Krone puts pressure on our reported revenue growth. The number of subscriptions in our mobile operations reached 147 million, mainly contributed by continued high net additions in Pakistan, Bangladesh and Thailand," said President and CEO of Telenor, Jon Fredrik Baksaas. Read more >> April 22nd, 2008 Every 30-years-old person has to care about own pension in advance Every 30-years-old person has to care about own pension in advance, as no country is able to provide full support for its own citizens in their aging, said Vitaliy Melnychuk, KINTO Vice-president for the live-talk program "Balance" on "Radio Era FM" on April 22. The program was devoted to the problems in the sphere of Ukraine citizens' social security and pension reform. Mr. Melnychuk talked about opportunities offered by non-government pension funds and advised on how to improve one's own financial well-being in existing realities. The open non-government pension fund "Social Standard" managed by asset management company KINTO gives everyone opportunity to take advantage of non-government pension provision. The funds of future pensioners are effectively invested in Ukraine's economy. The audience was very interested in how to join non-government pension funds and how their savings are protected; lot of them suffered from losing their money with the former USSR Saving Bank. Read more >> April, 2008 Myron Rabij first ranking among the lawyers in the Ukrainian corporate real estate market Myron Rabij, a Partner in Salans Kyiv office and the Head of Salans Real Estate Group in Ukraine, is first |
ranking as “Highly Recommended”
among real estate lawyers in Ukraine by PLC Which Lawyer? in its annual
ranking of the top lawyers and law firms for 2007. Only 3 lawyers in total were ranked in this category in Ukraine. This is the first year PLC Which Lawyer? names “Highly Recommended Law Firms” in the corporate real estate sector of Ukraine, and it is important to note, that this is the highest ranking for legal advisors in this sector. Read more >> April, 2008 Agshin Mirzazade, senior analyst at Foyil Securities in Kyiv, Ukraine, has been appointed Deputy Head of Research Since joining Foyil Securities in 2006, Mr. Mirzazade has demonstrated exceptional commitment towards building professional expertise in the banking and financial sector, his main coverage area, and as a result he is now one of the most respected analysts in his field in Ukraine. Mr. Mirzazade will continue to focus on analyzing the banking and financial sector and will share his considerable knowledge and innovative ideas with his team. In addition, Mr. Mirzazade will advise senior management on issues of strategic importance, in particular equity research development. Read more >> April, 2008 New appointments at DTZ, Ukraine Global real estate adviser DTZ has strengthened its operations in Ukraine by appointing new associate directors and heads of business lines across its Kyiv team. With effect from 1st April 2008 the following eight people, responsible for their respective fields, have been promoted to associate director: - Tetyana Kazakova (head of professional services) - David Hunt (valuation) - Nataliya Stelmakh (head of investment) - Marta Kostiuk (head of research) - Victoria Goroulko (head of occupier services and global corporate services) - Dariya Rukina (head of landlord representation – office agency) - Tatiana Kudelova (head of retail) - Irene Zalizenko (head of industrial and logistics) In addition, Natalia Stelmakh and Dariya Rukina have been appointed as head of investment consultancy and head of landlord representation (îffice agency) respectively. Read more >> April, 2008 DTZ has advised Meyer Bergman on the acquisition of the "Aladdin" shopping centre Global real estate adviser DTZ has advised Meyer Bergman European Retail Partners, London-based investment fund, on the acquisition of the "Aladdin" shopping centre in Kyiv May 2008. DTZ Ukraine is pleased to announce that it has advised Meyer Bergman European Retail Partners, a real estate investment fund, on the acquisition of the "Aladdin" shopping center in Kyiv. The purchase price reflected a yield in excess of 10%. Situated in the densely populated area on the left bank of the Ukrainian capital, "Aladdin" shopping centre opened in 2005 and comprises 16,000 sqm of gross area. Read more >> |
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EBA Partners 2008
Argus | Dialog | Kyivstar | Romyr | Terrasoft | Ukraine International Airlines | Vasil Kisil & Partners |
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European Business Association, 1st floor,
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