GENERAL DIGEST #64
Tuesday, 1 July 2008

  New EBA President
  Upcoming Events
  Hits of this week
  Hits of the next week
  Social Events update
  General Events update
  Committee Meetings update
  Information support
  EBA Team in person
  News from: Embassies EC Members
       New EBA President

 

Examining the voting results, the EBA Board held a special meeting to appoint Trond Moe of Telenor the EBA new President on 23 June 2008. Andrea Raffaseder of Siemens Ukraine was Moe’s predecessor holding the post till 23 June 2008.
  Commenting on his new appointment Trond Moe said: ”I’m honoured and happy to take over the President position in such an impressive organisation as the EBA. I’ve had the privilege to serve on the Board for almost 1.5 years and would like to thank my fellow Board members for their trust in me. I also look forward to working close with the EBA excellent staff and administration. The EBA has a vision which I truly believe in, and since it probably will not be achieved easily or very soon, it definitely leads and unites all our members. The vision is to enable and drive the establishment of European business practices and values in Ukraine. We can do this by reducing the barriers to investment that still exist in Ukraine, by closer European integration and last, but not least, by promoting Ukraine in our home countries as a fantastic place with wonderful people and tremendous opportunities.”

The EBA executive Director Anna Derevyanko noted: “The decision of the Board members first of all showed that the colleagues highly and justly appreciated the outstanding achievements Trond Moe had reached within 9 months as the EBA Vice-President. Prior to that, he proved to be a very enthusiastic and loyal Board member and a valuable asset to the whole team. As Vice-President he invariably exhibited his genuine concern over tasks challenging the EBA members and constantly demonstrated his thorough devotion and strong commitment to the EBA mission. We are pleased to congratulate Mr Moe on his new important Post. No doubt his wide experience, deep insight and highly professional skills will significantly contribute to the EBA development and expansion."
 

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       Upcoming Events

  Wednesday, 02/07, 10:00
Round Table on Draft Labour Code
EBA office in Kyiv
1st floor, 1A Andriyivsky Uzviz

Wednesday, 02/07, 17:30
EBA Legal Committee
EBA office in Kyiv
1st floor, 1A Andriyivsky Uzviz

Thursday, 03/07, 10:00
Greek Trade Mission - EBA Odesa Branch
Hotel Mozart
13 Lanzheronivska St, Odesa
 
Friday, 4/07, 15:00
International business conference Business and Financial Opportunities of Cyprus Hotel -
Friday, 4/07, 18:30
EuroDrink Party
EBA Odesa Branch
Museum of Literature
2 Lanzheronivska St, Odesa

Sunday, 6/07, 9:00
EBA Football League
1 Magnitogorska St
Metro Chernigivska, Kyiv
 

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       Hit of this week

  6 July, 10:00
EBA Summer Football League
 

  The European Business Association is happy to announce that the 4th EBA Summer Football League will take place on Sunday, 6 July, 10:00 – 17:30 at 1 Magnitogorskaya St, Chrenigovskaya Metro.

We will be pleased to see our fellow-members meet on a green field like outstanding football teams rivalling for the Champion title.

Have fun and charge in a friendly battle!

Those wishing to win the Golden Cup are expected to register at events@eba.com.ua till 30 June, 18:00

Registration fee is $400 per each team.

Official Beer Supplier - Baltic Beverages Holding
Official Mineral Water Supplier - Industrial and Distribution Systems
Music Partner - GALA RADIO
Sponsor Awarding Prize-Winners - Buymerovka Pine & Spa Resort 1936, D&Y (Training Partner)
   

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       Hit of the next week

  19 July, 9:00
EBA Golf Tournament
 

  We are happy to invite you to the EBA Golf Tournament taking place on 19 July, 9.00-17.00 which will be held on Kyiv Golf Club ball park (Kyiv Region, Makariv region, Gavronschyna village, 1 Gryvnivske Highway).

Please be informed that golf players with their families are welcome to fill in the application form and send it to events@eba.com.ua.

Event Partner – ALD Automotive Ukraine
   

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       Social Events update

  Thursday, 24/06, 19:00
EBA EuroDrink Party Norwegian Night

 

  Maintaining and cherishing a good old tradition, the EBA combined the efforts with a number of its important partners to arrange another EuroDrink Party at the Royal Norwegian Embassy in Kyiv on Tuesday, 24 June 2008.

Though a vacation season has officially started, it did not put off people turning up at the EuroDrink Party to enjoy each other’s company in a relaxed atmosphere and socialise within the EBA community.

Two hostesses at the entrance enthusiastically welcomed the newly arrived guests to the territory of Norway by encouraging them to metaphorically “cross the Arctic Circle”.

Finely chiselled and very impressive ice-bars served to convey a deeper impression of the country of legendary Vikings.

The EBA Executive Director Anna Derevyanko opened the ceremony and gave the floor to Ambassador of Norway Olav Berstad who warmly greeted the guests and invited them to taste the flavour of the mysterious northern land.
  Then he officially informed all the guests that Trond Moe of Telenor had been elected the EBA new President. The whole party warmly congratulated Trond Moe upon his new appointment.

Traditionally, the EuroDrink highlighted the EBA business lottery awarding winners with a range of special prizes - one certificate for accommodation at Buymerovka Pine & SPA Resort and one UIA flight ticket to any place of destination.

Furthermore, the EBA arranged an instant lottery offering 3 certificates for a beer-trying excursion to the BBH plant and 10 books of Frishberg & Partners.

The Norwegian musical band donning traditional costumes and performing traditional songs added to a special atmosphere of the party.

To top it off, the EBA members, the Norwegian Embassy staff and the guests savoured beer of Baltic Beverages Holding Ukraine and delicious ice cream of Dolce Italia.

Main Event Partner - Telenor Ukraine
Event Partner - Kyivstar GSM
Co-Partners – Infopulse, Miratech
 

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       General Events update

  Thursday, 26/06, 17:30
EBA EuroDebates Tax System Ukraine Needs to Adopt

 

  26 June 2008 the European Business Association organised the EuroDebates focusing on the following issue: Tax System Ukraine Needs to Adopt.

This time all EuroDebates guests had an opportunity to consider various approaches to answering a vital question “When and Which Tax Code should be implemented in Ukraine?”. The central guests shared their opinions on this crucial issue.

- Serhiy LEKAR – Deputy Head of the State Tax Admitistration;
- Denis FUDASHKIN - Deputy Minister of Finances of Ukraine;
- Iryna AKIMOVA - Deputy Head of the Parliamentary Committee of Ukraine on economic issues, Ministry of Economy of Opposition;
- Yuriy POLUNEEV - Member of Parliament of Ukraine, «Yulia Tymoshenko Bloc»;
- Valeriy PYSARENKO - Member of Parliament of Ukraine, «Yulia Tymoshenko Bloc»;
- Volodymyr KOTENKO - Partner of Ernst & Young Ukraine LLC in tax and legal practices, Chairman of the EBA Tax Committee.
  Nearly 70 people attended the EBA EuroDebates incluing the members of the European Business Association, members of the diplomatic corps, representatives of the Ukrainian government, as well as media representatives.

The EBA EuroDebates took place in the premises of the Hyatt Regency Kiev Hotel (London conference-hall).




Main Event Partner - BUSINESS life - customized mobile solutions
 

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       EBA Committee Meetings Update

  26 June 2008
EBA PR Committee

On June 26 2008 the PR Committee met at the EBA Kyiv-based office. The Committee members chiefly discussed the CSR issues (Corporate Social Responsibility).

The guest speaker Dr Yuriy Sak, Creative Director of CFC Consulting, made a professional presentation on social responsibility in global show business. He mainly talked about celebrities taking an active part in charity and advocacy programmes. Madonna, Bob Geldof, Angelina Jolly and other famous celebrities serve as a good example of promoting charity policy or philanthropy worldwide, he said. The Committee members held a heated debate on the CSR issue.

Moreover, the agenda extended to some other things, as Senior Account Manager of Whites Communication Serhiy Ilutsa informed the participants that UAPR will provide PR Committee members with a 10% discount for attending the PR Academy. Moreover, those
  interested in attending the PR Congress will have UAPR’s 5% discount, Serhiy Ilutsa noted.

25 June 2008
EBA HR Committee

The meeting was held on 25 June in the premises of JT International Company Ukraine, chiefly focusing on the issue of Employer Brand Strategies presented by Lidiya Nadych-Petrenko, employer branding manager of JTI.

Mrs Nadych-Petrenko defined the concept of employer brand and specified main stages of its formation. Lidiya told the participants about the main target audience of employer brand creation. Also the guests were informed about the results of the employee satisfaction survey.

The speaker pointed out the importance of staff assessment and innovation programmes for employees to estimate the opportunity for growth. The presentation was followed by the lively discussion.
 

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       Information Support - Odesa

  International business conference
BUSINESS AND FINANCIAL OPPORTUNITIES OF CYPRUS
4 July 2008
 
 
On 4 July 2008 the Honorary Consulate of Cyprus Republic in Ukraine jointly with the Marine Transport Bank will host the conference on business and financial opportunities of Cyprus. The conference will take place at the Golden Ballroom of the Literature museum (2 Lanzheronovskaya St, the city of Odesa) from 3:00 pm till 7:00 pm.

The main issues to be discussed: Bank services Real estate investment projects.

Consulting, tax planning and legal support of business Education opportunities. EBA members are welcome to attend the conference. For additional information please contact Olena Balan, Regional Coordinator of the EBA Southern Branch: Tel: +38 048 7386837, +38 066 285 30 48     Fax: +38 048 7386837     E-mail: odesa@eba.com.ua
 

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       EBA Team in person

  OLGA SYDORENKO
Committee Coordinator
HER MOTTO: Don’t be content with what you have already achieved – move on!
 

  1 September can symbolically signify the very beginning of a new year - a vacation season is officially over, schoolchildren have to flock to their schools again and students resume their studies at Universities. Business life starts afresh and gets things moving on.
Exactly at that time 2 years ago Olga Sydorenko, a young and prospective graduate of the Ukrainian Academy of Foreign Trade, appeared to be standing in the EBA doorway ready to set out on a journey to breath-taking career prospects.

To get even more experience Olga started working as an intern and obtained a position of Event Manager. Yet nothing was enough for her. Being a hard-worker, Olga was tirelessly eager to learn and make constant progress. No sooner had she received her diploma in International Law that she chose to earn a postgraduate degree in International Maritime Law.

Therefore it did not take long before Olga got promoted to Committee Coordinator running 2 working groups and 4-5 different Committees, which numbered up to 100 people. Her chief responsibilities covered arranging various events and round tables and attending Public Councils. Olga could easily serve as an indispensable and strong link in the communication chain embracing all the EBA Committee members.

Recalling her childhood dreams, Olga says she wanted to be everything – an actress, a singer, a writer. Yes, a writer, above all. This dream is to be fulfilled, Olga confesses – she still cherishes the idea of writing a book comprising philosophical essays on the eternal problem of the humankind - “What Makes People
  Happy”. Well, we cannot wait to read this indisputable masterpiece. And she really knows how to be happy and wants to share her knowledge with all of us.

Besides high school, Olga finished a musical school where she was taught to play piano professionally. Now and then she will take individual lessons with a tutor to play an electronic piano at home. Beethoven is Olga’s favourite composer.

She prefers reading psychological novels and recently Carlos Castaneda has taken her fancy.

Following the best traditions of her generation going in for winter sports, Olga is immensely enthusiastic about snowboarding. Basically she travels to Poland or the Carpathian mountains to enjoy snow-capped peaks and fantastic slopes in a lovely company of her friends. Yet she dreams about trying the highest peaks in Switzerland.

Though born in Donetsk, Olga settled down in Kyiv a long time ago and made the city her home. Anyway she has very much in common with Kyiv. According to the latest discoveries of astrologists, Ukraine’s capital is considered the city of lions whereas Leo is Olga’s Zodiac sign.

Furthermore, due to her good-humoured nature, she feels at home everywhere. She is no stranger in any city she visits, be it Paris, Prague or London. The USA and India are the next on her travel agenda.

She prefers wearing GREEN COLOURS, she enjoys drinking GREEN TEA and she loves eating SWEETS.
“Mobilus in mobile” – this Latin set phrase describes Olga best.

Read in the next issue about Kateryna Glushanytsya, Committee Assistant.
 

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       News from Embassies

  9 July, 8:30
Malta Reception
 

  Dear EBA members,

The Chairman of Malta Enterprise cordially invites you to attend a network reception with the Maltese business delegation to be held at the Radisson SAS Hotel on Wednesday, 9 July at 8:30 pm.

Please be informed that around 30 persons will be part of the Malta delegation and around 20 'other' Ukrainian persons will be representing the Chamber, Ministry etc.

Those wishing to accept the invitation please register at events@eba.com.ua. Don't forget the old rule: first come, first served.
 

 

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       News from the EC

   

  Visit of EU journalists to Ukraine: EU projects present their activities

A briefing for a group of journalists from the EU Member States was held on 20 June in the premises of the International NGO “Internews-Ukraine” in Kyiv.

The briefing was aimed to raise awareness of EU journalists of concrete EU projects implemented in Ukraine in the frameworks of the European Neighbourhood Policy, with special emphasis on the fields of environment and public health. The event was held in the framework of a three-day visit of journalist delegation to Kyiv, co-organized by the European Commission, the European Journalism Centre and Internews-Ukraine.

The briefing was opened by project manager of the Delegation of the European Commission to Ukraine Matthew Green who made an overview of EU co-operation with Ukraine in the framework of the TACIS programme and the European Neighbourhood and Partnership Instrument (ENPI). Ukraine benefited from EU assistance worth EUR 2.4 billion pledged in the framework of the TACIS programme between 1991 and
  2006. The European Neighbourhood and Partnership Instrument which replaced TACIS on 1 January 2007, increases the amount of EU aid earmarked for Ukraine and makes it more flexible and efficient.

In contrast to the TACIS programme focused on project-oriented assistance (overall, about 300 EU projects have been implemented or are currently under implementation in Ukraine), the ENPI concentrates more upon direct budget support to Ukraine with the aim to achieve priority objectives of EU-Ukraine cooperation.

Finally, the Team Leader of EU project Support to Secondary Health Care Reform Dr Greta Ross touched upon activities and key priorities of this initiative implemented in Ukraine’s three pilot oblasts: Zhytomyr, Poltava and Kharkiv. As she says, the overall objective of the initiative is to support Ministry of Health and the Government of Ukraine in establishing an effective, cost-efficient and equitable health care system in Ukraine.

After the presentation by the EU projects journalists had an opportunity to ask questions on implementation of these EU initiatives.
 

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       News from the Members

  23 June 2008
Magisters Advises Depfa Bank on the issuance of USD 25 million unsecured loan to Ukreximbank

CIS-based Magisters acted as a legal adviser to Depfa Bank, Germany, on the issuance of unsecured loan to Open Joint Stock Company "The State Export-Import Bank of Ukraine" ("Ukreximbank") for the amount of USD 25 million. The agreement was signed on May 28 for a period of one year.

According to the National Bank of Ukraine, as of May 1, 2008, Ukreximbank is ranked fifth among Ukrainian banks in terms of assets. Depfa Bank is a German bank that specializes in providing loans to state institutions. Read more >>

24 June 2008
Ernst & Young is named Ukrainian Tax Firm of the Year

Ernst & Young was named Ukrainian Tax Firm of the Year by the authoritative international magazine International Tax Review (UK). In 2008, for the first time Ukraine was on the list of European countries in which the tax firms contested. This makes the award to Ernst & Young especially significant, as it was the first tax and legal firm to win the award for operations in Ukraine.

National firm awards were given to the firm with the best track record between February 2007 and February 2008 for giving local advice on the most innovative international tax transactions, important litigation and transfer pricing advice from the country in question. This included the tax work done on corporate and financing deals. Read more >>

26 June 2008
Vasil Kisil & Partners' senior partner and counselor are the only 2 lawyers from Ukraine rated top by International Who's Who of Business Lawyers 2008 in Corporate Management and Arbitration

"The International Who's Who of Business Lawyers 2008," published by Who's Who Legal, named VKP's founder Prof. Kisil (Corporate Management) and VKP's counselor Dr. Slipachuk (Arbitration) as leading practitioners in their fields. Leading lawyers were selected based on multiple, independent nominations from their clients and professional peers. This global directory has been independently assessing
  experienced practitioners since 1997 and is considered one of the most objective and independent in its research methodology.

This year "The International Who's Who of Business Lawyers" in cooperation with the International Bar Association and the ABA Section of International Law named over 8 000 most prominent lawyers from 121 countries in 29 different areas of the international legal industry.

26 June 2008
«Arzinger&Partners» advised businessmen on WTO issues

Markian Malskyy, Associate at «Arzinger&Partners» Law Firm gave a report on the subject «The Practice of Business Associations’ Operation in Europe: practical aspect» during the second International Conference «Ukraine’s accession to the WTO: prospects for small- and medium-scale business» held on 23 June 2008 in Kyiv.

Conferees came to the conclusion that the new international trade’s regime will in general have positive effect on small- and medium-scale business, enterprises working in certain branches of the economy, e.g. agriculture, excepted. Read more >>

27 June 2008
Arzinger & Partners strengthens its offices in Kyiv and Lviv

During May - June 2008 Arzinger & Partners Ukraine has boosted its Kyiv office by hiring four new lawyers and a partner, marking a second partner hire this year. New lawyers will add significantly to the Real Estate, Corporate and Oil and Gas practice groups.

Partner Maksym Cherkasenko is appointed the Co-Head of the Real Estate practice at Arzinger & Partners.

Being almost six years the Head of the Corporate law and Property Department at TNK-BP Group in Ukraine, Mr. Cherkasenko provided legal support on corporate governance and corporate restructuring processes, M&A deals, bankruptcy procedures. He is also a highly-qualified specialist on Real Estate and Competition law. Read more >>
 

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