ICBAC NEWS


05/10/2021

ICBAC financial assistance for Association of Neonatologists of Ukraine

  • ICBAC financial assistance for Association of Neonatologists of Ukraine, 05.10.2021
  • ICBAC financial assistance for Association of Neonatologists of Ukraine, 05.10.2021
  • ICBAC financial assistance for Association of Neonatologists of Ukraine, 05.10.2021
  • ICBAC financial assistance for Association of Neonatologists of Ukraine, 05.10.2021
  • ICBAC financial assistance for Association of Neonatologists of Ukraine, 05.10.2021
  • ICBAC financial assistance for Association of Neonatologists of Ukraine, 05.10.2021
  • ICBAC financial assistance for Association of Neonatologists of Ukraine, 05.10.2021
  • ICBAC financial assistance for Association of Neonatologists of Ukraine, 05.10.2021

October 5, 2021, the International Council of Business Associations and Chambers in Ukraine (ICBAC) represented by the Executive Director of the Chinese Commerce Association (CСA) Ruslan Osypenko transferred financial assistance (UAH 250,000) to the Association of Neonatologists of Ukraine for the development of the catamnestic Center of the State Institution “Institute of Pediatrics, Obstetrics and Gynecology named academician A.N. Lukyanova National Academy of Medical Sciences of Ukraine".

President of the Association of Neonatologists of Ukraine, Professor Tatyana Znamenskaya noted: “The catamnestic center is focused on providing free medical care to newborns with perinatal pathology and premature babies from 0 to 3 years old from all regions of Ukraine. The center will have a multidisciplinary team of doctors: pediatricians, neonatologists, neurologists, psychologists, orthopedists, speech therapists, pulmonologists and rehabilitation therapists, etc., at the early stages to diagnose and, if necessary, treat children with identified disorders, which will reduce the rates of childhood morbidity and disability in Ukraine. The Center will conduct training and training seminars for doctors working in this area from all regions of the country.

A separate line of work of the catamnestic Center will be monitoring children with congenital and acquired metabolic disorders, who will receive counseling and treatment in the clinics of the Institute. One of the main goals of the Center is to create a National Register of Children with Hereditary Metabolic Diseases and to determine national reference indicators for the Ukrainian population. To date, 31 clinical protocols for the diagnosis and treatment of metabolic disorders have already been approved, which will allow doctors of maternity hospitals in Ukraine to timely identify rare diseases. We hope that scientific developments in this direction will allow Ukrainian specialists to enter a single medical space with the European Union".

At the end of the meeting, the Charitable Foundation, created under the patronage of the Association of Neonatologists of Ukraine "For the Child" under the leadership of Vitaliy Kushnir, proposed to consolidate efforts for cooperation and attract charitable funds for the implementation of joint projects to improve medical care for children in Ukraine.


15/09/2021

ICBAC members took part in the celebration of the "CRAYFISH FEAST MEETING" festival

  • The celebration of the
  • The celebration of the
  • The celebration of the
  • The celebration of the
  • The celebration of the

On September 1, 2021, the Swedish Business Association in Ukraine "SBA" in cooperation with "Stockholm Studios" held a "CRAYFISH FEAST MEETING" festival. The purpose of the event was to acquaint guests with Swedish traditions and start a new business season.

Mr. Per Magnusson, Chairman of Supervisory Board of the Swedish Business Association in Ukraine, opened the celebration: “I am very pleased to welcome colleagues and friends to the traditional Swedish event "CRAYFISH FEAST MEETING", which marks the beginning of a new business season. "SBA" mission is to strengthen business relations between Sweden and Ukraine, so this event is a great opportunity to meet new partners, exchange plans, opinions and ideas for the upcoming business season".

Welcoming remarks were also made by: Ruslan Osypenko, Executive Director of the Chinese Commerce Association, Olena Rantsevych, Ambassador of Stockholm Studios and Tetyana Korotka, Deputy Business Ombudsman of Ukraine.

After the official part, guests had the opportunity to get acquainted with the traditions of celebrating the festival, taste a variety of seafood dishes and delicious seafood delicacies, enjoy Swedish traditional songs and dances in the company of the Swedish business community.

The event was also attended by representatives of Swedish and Ukrainian «SBA» member companies, the business community and ICBAC members.

Traditionally, the crayfish festival in Sweden is held around mid-August - early September, just at which time the ban on crayfish fishing ends. The festival is timed to the traditional opening of the autumn business season.


09/09/2021

Presentation of the development strategy of Donetsk and Luhansk regions until 2030 by Vice Prime Minister of Ukraine Oleksiy Reznikov for potential investors

  • Development strategies of Donetsk and Luhansk regions, 09.09.2021
  • Development strategies of Donetsk and Luhansk regions, 09.09.2021
  • Development strategies of Donetsk and Luhansk regions, 09.09.2021
  • Development strategies of Donetsk and Luhansk regions, 09.09.2021
  • Development strategies of Donetsk and Luhansk regions, 09.09.2021
  • Development strategies of Donetsk and Luhansk regions, 09.09.2021
  • Development strategies of Donetsk and Luhansk regions, 09.09.2021
  • Development strategies of Donetsk and Luhansk regions, 09.09.2021

On September 9, 2021, the Chamber of Commerce and Industry of Ukraine (UCCI) hosted a presentation of the development strategy of Donetsk and Luhansk regions until 2030 for potential investors and members of the International Council of Business Associations and Chambers in Ukraine (ICBAC). The strategy was personally presented by the Vice Prime Minister of Ukraine, Minister for Reintegration of the Temporarily Occupied Territories of Ukraine Oleksiy Reznikov. The meeting was organized jointly by the UCCI and ICBAC.

In his introductory speech, Deputy Prime Minister of Ukraine, Minister for Reintegration of the Temporarily Occupied Territories of Ukraine Oleksiy Reznikov noted that the goal of the strategy is to form a state vision of long-term development of the regions of Ukraine affected by the occupation. As a result of the joint work of state experts, representatives of civil society, business circles and local communities, a document has emerged that gives an idea of the direction in which the state will move and how it will develop deoccupied territories. At the same time, according to him, all available risks, both political, economic and security, were taken into account when preparing this strategy.

Ukraine's losses due to the occupation of Donbass, according to some foreign and domestic experts, amount to 125 billion US dollars, he said. Among the sources of funding for projects under this strategy are the following funds: the state budget, credit resources, donor assistance and foreign direct investment. At the same time, the most important resource after public funds, of course, will be foreign investment. Therefore, the strategy provides for the creation of a special business regime in these areas. It was decided to rely on the existing legal framework, in particular on the territories of priority development and use this model for accelerated development in Donetsk and Luhansk regions.

Among the priority projects are the restoration of the region's infrastructure: construction of new roads, railways, an airport, implementation of a project to supply clean drinking water and reclamation of wasteheaps. Maximum labour source swill be used from the number of displaced persons, which number in the liberated territories of Donetsk and Luhansk regions up to 400 thousand people.

Due to the existing distrust in the local justice system, in order to protect foreign investors and their investments, it was decided to promote the opening of branches of international courts in Ukraine, which are trusted by international business. To insure and guarantee foreign investment against political and security risks, it is planned to create a Consortium Fund of 3 billion euros, which will be managed by foreigners. Ukraine is ready to contribute 5 percent of its equity to this fund.

In addition, incentives for investors included additional preferences to existing preferences for industrial parks operating in these areas; a number of tax preferences; launching a business and investment support regime.

However, when asked by ICBAC representatives about specific plans and parameters for launching tax benefits for investors, or what exactly will be a privileged business regime in these areas, first Deputy Minister Rostyslav Zamlynskyy said that specific figures will appear later after additional consultations, including with business.

The meeting was attended by members of the International Council of Business Associations and Chambers in Ukraine (ICBAC), Executive Director of the Chinese Commerce Association Ruslan Osypenko, President of the Ukrainian-Austrian Association Alfred Praus, President of the Swedish Business Association in Ukraine Bohdan Senchuk, Executive Director of the Canadian-Ukrainian Chamber of Commerce Emma Turos, Information Director of the American-Ukrainian Business Community Mykhailo Datsenko, and ICBAC member companies.


28/05/2021

Privatization of Infrastructure Projects and State Enterprises in Kherson Region

  • Privatization of Infrastructure Projects, 28.05.2021
  • Privatization of Infrastructure Projects, 28.05.2021
  • Privatization of Infrastructure Projects, 28.05.2021
  • Privatization of Infrastructure Projects, 28.05.2021
  • Privatization of Infrastructure Projects, 28.05.2021
  • Privatization of Infrastructure Projects, 28.05.2021
  • Privatization of Infrastructure Projects, 28.05.2021

May 28, 2021: Membersof the International Council of Business Association sand Chambers (ICBAC) carried out an online meeting with management of the Kherson Region and representatives of the State Property Fund of Ukraine. The meeting was dedicated toprivatization of the infrastructure projects and state enterprises in the region to the foreign companies interested to invest in these projects. This event was moderated by Emma Turos, General Secretary of ICBAC, Managing Director of Canada-Ukraine Chamber of Commerce, and Artur Madatian, Advisor to the Head of Kherson Region State Administration.

Representatives of the Kherson Regional State Administration, State Property Fund and the Regional Development Agency "European Integration Office" presented the following projects, answered questions and provided a detailed projects. The interested companies have already started cooperation with the Ukrainian partners.

Privatization projects wich were presented during the meeting: «Privatization of Skadovsk Sea Commercial Port» «Privatization of SE "Heroisk Research and Industrial Enterprise» “Privatization of the 100% state – owned stake in PJSC «Kherson plant «Sudmash» . Also, during the meeting, was presented the Regional Development Agency "European Integration Office" of Kherson region one of the main goals of which is information and management support of investment projects in Kherson region.

This presentation continued meeting of the ICBAC members with the Head of Kherson State Administration Serhiy Kozyr , when heads of bilateral chambers of commerce had an opportunity to learn more about the region and vision of its development.

We are grateful to the Administration of the region and SPFU cooperation and proactive approach it involvement of the foreign companies in privatization and development of infrastructure and are looking forward to continuation of the dialogue at the upcoming I International Investment Forum “Southern Development Strategy” . Forum will be held June 10-11, 2021in Strilkove, Arabat Sprit, Ukraine andwill be attended by representatives of the Ukrainian Government, leading economists, business and experts. During the event, participants will have the opportunity to participate in discussions on digitalization, decentralization reforms and the conditions for rapid change under the influence of the coronavirus. The main content of the forum consists of investment projects. They will be the basis for the development of the south and the border. Projects are grouped into regional sections of the forum.

Please see the attached presentation of Kherson region.

The International Council of Business Associations and Chambers in Ukraine (ICBAC) represents nine bilateral chambers of commerce and business associations and the Chamber of Commerce of Ukraine which unite over 9,000 companies, representing the majority of employers in Ukraine as well as the companies that have made most foreign investments in Ukraine.

Follow us in social media to stay up-to-date on the latest news!


17/05/2021

  • Meeting with the Chairman of the SFSU, 17.05.2021
  • Meeting with the Chairman of the SFSU, 17.05.2021
  • Meeting with the Chairman of the SFSU, 17.05.2021
  • Meeting with the Chairman of the SFSU, 17.05.2021

May 17, 2021 Members of the International Council of Business Associations and Chambers (ICBAC) met with Head of the State Fiscal Service of Ukraine (SFSU) Vadym Melnyk and Head of the Office of Effective Interaction with Business Kostryantyn Turchak and Manager of the Office Maryana Mazur.

In the course of discussion Mr. Melnyk talked about reform of SFSU and its key achievements within the last four months. Telling about work of the office he emphasized on different approach to legal and illegal businesses: «One of the important factors of economic security is clear division between legal and illegal businesses, outlining the boundaries and ways for interacting: with legal businesses - dialogue and partnership; with illegal businesses – taking a hardline, within the legislative framework only, no attempts to "reach an agreement“.

Head of the Office of the Effective Interaction with Business has outlined the core goals of the Office: “We aim towards the common analytical base and extensive dialogue between the Business and Government for the better Economic Security of the country and better conditions for the legal business”

We thank the State Fiscal Service of Ukraine for its openness to dialogue and willingness to actively cooperate with business.

Please see the attached presentation

Follow us in social media to stay up-to-date on the latest news!


16/04/2021

Members of the International Council of Business Associations and Chambers (ICBAC) met with the Head of Kherson State Administration Serhiy Kozyr

  • Meeting with the Kherson mayor, 16.04.2021
  • Meeting with the Kherson mayor, 16.04.2021
  • Meeting with the Kherson mayor, 16.04.2021
  • Meeting with the Kherson mayor, 16.04.2021

During the meeting, the Governor stressed that creation of a favorable climate for business development and investment in the Kherson region was and remains a priority issue for the team of the Kherson State Administration. Mr. Kozyr presented the region: industrial potential, logistics network, transport network, functioning infrastructure, privatization projects, agricultural potential, and many other prospective directions for the international cooperation.

"Cooperation with ICBAC is an important step for us in the development of the region's economy." - Mr. Governor said - "After all, this is an association of the largest bilateral chambers operating in our country, which actually serve as a driver and an important link in establishing relations between Ukrainian and foreign business organizations, state and non-governmental organizations. And I am convinced that by consolidating our efforts we will be able to establish good relations with foreign investors and significantly increase the level of the economy in the region. "

Speaking on behalf of ICBAC, President of the Austrian-Ukrainian Association Alfred Praus told about activities of ICBAC during last three years and its plans for 2021as well as prospects for attracting international expertise.

The Governor has expressed gratitude to all ICBAC members and General Secretary of ICBAC Emma Turos (CUCC) for the interesting discussion and proposals. The parties agreed on further steps and future visit of the ICBAC delegation to the Kherson region when the quarantine restrictions will be lifted.

The International Council of Business Associations and Chambers in Ukraine (ICBAC) represents nine bilateral chambers of commerce and business associations and the Chamber of Commerce of Ukraine which unite over 9,000 companies, representing the majority of employers in Ukraine as well as the companies that have made most foreign investments in Ukraine.

Follow us in social media to stay up-to-date on the latest news!


01/03/2021

Founded in 2017 the International Council of Business Associations and Chambers (ICBAC) has become a reputable voice for advocacy of the Ukrainian and international business in Ukraine. To date ICBAC joins nine bilateral chambers of commerce and associations and Ukrainian Chamber of Commerce and Industry which together represent about nine thousands of companies both in Ukraine and abroad.

During last two years, headed by Alfred Praus, President of the Ukrainian-Austrian Association, ICBAC carried out a number of activities aimed at achievement of its goals. In 2018 - 2019 the organization focused its attention at promotion of investments and the political risk insurance. Attention of the business community to the issue was attracted after several broadcasts and interviews with Alfred Praus, President of the Ukrainian–Austrian Association, Bate Toms of the British – Ukrainian Chamber of Commerce and Head of German –Ukrainian Chamber of Industry and Commerce Alexander Markus. A large article in Kyiv Post about ICBAC and importance of the political risk insurance for foreign investors and joint presentation with the Head of UkraineInvest Daniel Bilak in May 2019 returned this issue to the agenda of the Ukrainian business community.

Cultural diplomacy has always been an integral part of the international cooperation. For the first time Ukrainian public enjoyed modern Canadian, Chinese and Turkish music performed by the orchestra Kyiv Symphony Orchestra conducted by Alla Kulbaba at Concert at Philharmonic Hall in September 2019. Prominent Ukrainian soprano Susanna CHAKHOIAN was as usually excellent singing Classic European and American areas and songs.

Apart from business and cultural events ICBAC is supporting initiatives aimed at modernization of the Ukrainian education to meet challenges of the developing economy and technologies. Preparation of the qualified specialists in all fields and shortage of labor force as an impeding factor for growth of the international cooperation in business and investments were discussed at the Educational Forum arranged by the ICBAC members in October 2020.

Last few month ICBAC dedicated to advocacy of the business in Ukraine. Since the beginning of the COVID -19 pandemic chambers support businesses and industries severe damaged by lock-down including hospitality and investments in renewable energy. Heads of chambers and associations met with the key state officials including Prime – Minister of Ukraine Denys Shmyhal, Minister of Economy, Head of UkraineInvest, acting minister of Energy, Head of the State Property Fund and other policymakers.

All ICBAC members appreciate tremendous contribution of Mr. Praus and his team in development of this important platform of international communication and his dedication to our common mission. Continuing this course in 2021, ICBAC will be run by Emma Turos, Managing Director of the Canada-Ukraine Chamber of Commerce and then by Ruslan Osypenko, Head of Chinese Commerce Association.
Our agenda for this year is including:
• Preparation for reenergizing of big privatization in Ukraine and strengthening of cooperation with UkraineInvest, State Property Fund of Ukraine, State Geological Service and other key organization involved in the process
• Advocacy of the Ukrainian and International Business
• Participation in anti-corruption initiatives
• Cultural diplomacy and promotion of the up-to-date business educational programs
• Development of the ICBAC’s presence in the social media
• Regional Cooperation and visits to different regions of Ukraine

In 2021 our colleagues from ICBAC and their members will have an opportunity to learn more about Canada during on-line conferences with the governments and businesses of the Canadian Provinces, and will be invited to take part in a number of Canadian events such as ICT on-line event , SIAL and Global Petroleum show.


Emma Turos, General Secretary of ICBAC


26/01/2021

New General Secretary of ICBAC - Emma Turos, CUCC

  • New General Secretary of ICBAC - Emma Turos, CUCC 26.01.2021
  • New General Secretary of ICBAC - Emma Turos, CUCC 26.01.2021
  • New General Secretary of ICBAC - Emma Turos, CUCC 26.01.2021
  • New General Secretary of ICBAC - Emma Turos, CUCC 26.01.2021



On January 25, 2021 Alfred F. Praus, President of Ukrainian-Austrian Association, after serving for two years as ICBAC General Secretary, handed over the General Secretariat of the International Council of Business Associations and Chambers in Ukraine, which is rotated yearly, to Emma Turos, Managing Director of the Canada-Ukraine Chamber of Commerce.
Alfred Praus will continue contributing to ICBAC as member of ICBAC's executive committee.


13/01/2021

Privatization in Ukraine to be started in 2021

  • ICBAC SPFU 13.01.2021
  • ICBAC SPFU 13.01.2021
  • ICBAC SPFU 13.01.2021
  • ICBAC SPFU 13.01.2021
  • ICBAC SPFU 13.01.2021
  • ICBAC SPFU 13.01.2021
  • ICBAC SPFU 13.01.2021
  • ICBAC SPFU 13.01.2021
  • ICBAC SPFU 13.01.2021
  • ICBAC SPFU 13.01.2021

On 13 January 2021 the International Council of Business Associations and Chambers in Ukraine (ICBAC) invited for a mostly online-meeting and discussion with the CEO of the State Property Fund of Ukraine (SPFU), Dmytro Sennychenko, at the Coliseum Hall of UCCI. ICBAC General Secretary Alfred F. Praus was moderating this event.

The full event can be watched at youtu.be/C9TMR4vTA2U

The photos can be watched here

Summary:
A professional, ambitious and, most of all, necessary approach by SPFU to break up the resistance of some stakeholders, to create conditions acceptable for potential investors in privatisation of state companies not being of strategic importance for Ukraine and finally to see to the straight-forward and transparent offer-, bidding - and hopefully selling process. Political decisions in Verkovna Rada concerning the list of companies are aimed at for spring 2021. Focal points in the factual discussion following, among others: involvement of international IFIs and auditing companies; due diligence processes, guarantees by SPFU (or the state); how to deal with wrongdoers in the previous management; how to handle overstaffing at many of those state companies. ICBAC expressed its continued interest in this initiative and will support SPFU in that.


06/01/2021

Privatization in Ukraine in 2021:
Discussion with Mr. Dmytro Sennychenko, CEO, State Property Fund of Ukraine
Online Meeting on January 13, 2021 at 11 AM (Kyiv time)
Invitation

  • ICBAC SPFU 13.01.2021

End of December a bill aimed at comprehensively modernizing privatization legislation in Ukraine was passed in the Parliament (full name of the bill – “On Amendments to Certain Legislative Acts of Ukraine in the cases of Improvement of the State Policy of Management and Privatization of State and Municipal Property, as well as the Institutional Principles of activity of the State Property Fund of Ukraine”). Its purpose is to simplify and expedite privatization procedures, protect and encourage investment and restore investors’ trust in Ukraine and its state institutions.

During the meeting ICBAC-members will discuss with Mr. Dmytro Sennychenko the implications of such bill and of the privatization programme.

The discussion will be held in English.

Please see the Programm enclosed and join us!

To join the streaming of the event: youtu.be/C9TMR4vTA2U


11/12/2020

UKRAINE: INVESTMENT HARBOR IN THE TIME OF CHANGE
Annual Conference

  • INVESTMENT HARBOR IN THE TIME OF CHANGE
  • INVESTMENT HARBOR IN THE TIME OF CHANGE
  • INVESTMENT HARBOR IN THE TIME OF CHANGE

On December 11, 2020 the First Annual International Online Conference UKRAINE: INVESTMENT HARBOR IN THE TIME OF CHANGE was held by the UkraineInvest Investment Promotion Office.

The leaders of three members of ICBAC have participated in the conference: Alfred F. Praus, ICBAC General Secretary and President of Ukrainian-Austrian Association, in the panel on relocation of manufacturing, moderated by Gennadiy Chyzhykov, President of the Ukrainian Chamber of Commerce and Industry, and Zenon Potoczny, President of Canada-Ukraine Chamber of Commerce about building investment bridges between regions of Ukraine and international business.

"President, government and agencies like UkraineInvest are spending substantial and dedicated efforts to improve the business climate for FDI. Such climate, however, is marred by actions of anti-reform minded, partly malicious powerbrokers. Media have been amply reporting on such activities.

In order for Ukraine to be in a position to exhaust its tremendous potential in terms of attracting FDI, TRUST has to be built up.

For that, among others, predictability, stability, rule of law, institutional reliabilty, compliance and fair competition conditions are needed." - said Alfred F. Praus.

The recording of the Conference can be found at youtube.com/watch?v=91eDwb_s8DM


04/12/2020

UKRAINE: INVESTMENT HARBOR IN THE TIME OF CHANGE

Online Annual Conference on December 11, 2020

Invitation

We would like to call your attention to the First Annual International Online Conference UKRAINE: INVESTMENT HARBOR IN THE TIME OF CHANGE held by the UkraineInvest Investment Promotion Office on December 11, 2020.

The event will serve as an interactive platform aimed at informing the international and Ukrainian investment community on Ukraine’s reform progress and investment climate development in 2020, and respective strategic plans of the state for the year 2021.

The Conference will feature 10 interactive panel discussions with over 30 speakers.

Kindly note that the leaders of three members of ICBAC will be speakers at this conference: Alfred F. Praus, ICBAC General Secretary and President of Ukrainian-Austrian Association, together with Gennadiy Chyzhykov, President of the Ukrainian Chamber of Commerce and Industry, on manufactoring relocation to Ukraine at 04:15 PM. From 05:45 Zenon Potoczny, President of Canada-Ukraine Chamber of Commerce will be speaking about building investment bridges between regions of Ukraine and international business.

Please follow the link for more details.

The Conference will be held online in two languages: Ukrainian and English. Simultaneous interpretation will be provided during broadcasting.

Please follow the link to register for the event.

UKRAINE: INVESTMENT HARBOR IN THE TIME OF CHANGE


20/11/2020

Precondition for Future Investment: Modern Education

"Only with a modernized system Ukraine can succeed in keeping the younger people in the country and potentially attracting additional talent from abroad."

On November 19, 2020 International Council of Business Associations and Chambers in Ukraine has hold the online Forum "Precondition for Future Investment: Modern Education" with an aim to exchange views regarding the priorities, on which Ukraine should focus in order to develop a modern education system that would meet the needs of the economy and promote domestic and foreign investment in it. Among the topics discussed were also vocational professional training and specifically the development of dual education in Ukraine, the employer branding capability, and labor law reforming.

It’s worth noting that the International Council of Business Associations and Chambers in Ukraine represents 9 foreign chambers and business associations as well as the Ukrainian Chamber of Commerce and Industry. In that, it unites over 9,000 businesses under its roof, representing the majority of employers in Ukraine as well as the companies, which have made most foreign investments in Ukraine.

ICBAC and its members would like to express their gratitude to sponsors of the Forum DTEK and Bosch , as well as to the brilliant speakers Mykola Kyzym, Andrii Dligach, Іnna Sovsun, Volodymyr Vlasyuk, Maria Kholoshniuk AIESEC Ukraine, Taras Derkach CSR Ukraine (Центр «Розвиток Корпоративної Соціальної Відповідальності»), Valeria Zabolotna Academy DTEK, Tim B. Peters Konrad-Adenauer-Stiftung, Iryna Shumik, Natalia Starodub AHK Ukraine, Vitalii Bulda and Oleksandr Tcherevko Bosch Ukraine, Monika Mott OeAD, Bogdan Volchok and Victoria Shatan SKF, Yulia Zhovtyak DCZ, Dmitriy Kisilevskiy, Margarita Karpenko DLA Piper, Natalya Halunko Ukrsibbank BNP Paribas Group, Olena Chepizhko Eurocar, Miyako Ikeda OECD, and to the audience.

The recording of the Forum in English: https://youtu.be/2wZAgzA4TCY

The recording of the Forum in Ukrainian: https://youtu.be/KQgWlSy60ts

The Programm for your convenience.

For more information, please check, our press release, and some photos here.

The presentations of the speakers

With support of:

sponsors ICBAC Edu Forum sponsors ICBAC Edu Forum sponsors ICBAC Edu Forum sponsors ICBAC Edu Forum sponsors ICBAC Edu Forum


11/11/2020

Precondition for Future Investment: Modern Education

ICBAC FORUM on November 19, 2020

You are cordially invited to ICBAC Online-FORUM on November 19, 2020 - Precondition for Future Investment: Modern Education

Professional education under international standards undoubtedly is one of the crucial prerequisites for attracting investment. Therefore ICBAC has developed a respective forum mainly in digital format with a two-language live streaming, ensuring a safe space for attendance.

To join the Forum in English: https://youtu.be/2wZAgzA4TCY

To join the Forum in Ukrainian: https://youtu.be/KQgWlSy60ts

The Programm is enclosed hereto for your attention.

We anticipate your interest in the Forum and encourage you to share this invitation with your business community.

Your registration will be highly appreciated at generalsecretary@icbac.org (please indicate your name, the company and your contact email).

The event is happening with the support of:

sponsors ICBAC Edu Forum sponsors ICBAC Edu Forum sponsors ICBAC Edu Forum sponsors ICBAC Edu Forum sponsors ICBAC Edu Forum


9/10/2020

Meeting with the Acting Minister of Energy of Ukraine Olga Buslavets

On October 9 International Council of Business Associations and Chambers in Ukraine met with the Acting Minister of Energy of Ukraine Olga Buslavets in UCCI to discuss the energy issues of importance for Ukrainian businesses and foreign investors, and to define the areas of potential cooperation with the Ministry.

It’s worth noting that the International Council of Business Associations and Chambers in Ukraine (ICBAC) represents 9 foreign chambers and business associations as well as the Ukrainian Chamber of Commerce and Industry. In that, it unites over 9,000 businesses under its roof, representing the majority of employers in Ukraine as well as the companies which have made most foreign investments in Ukraine.

During the meeting the representatives of ICBAC had an opportunity to raise and discuss with the Acting Minister of Energy of Ukraine a number of energy topics such as ESU 2035, access to grid, Smart Grid technologies and grid modernization, RAB-tariffs, hydropower, "green" bonds and energy efficiency, overdue "green" bills and their effect on FDI, issues with PSAs executing, clarity in pricing policies, hydrogen, nuclear, and green transition strategies.

Ms. Buslavets presented extensive coverage on approaches and measures, which are currently being taken by the ministry in reforming activities, in particular in the areas of hydropower, "green" energy, nuclear energy, and encouraged ICBAC representatives to share their valuable expertise and to express their vision on the ways to improve the situation on the national energy market for a better Doing Business.

“Ukraine's energy sector is a very attractive sector for investment. Introduction of stimulating (RAB) tariff opens vast possibilities for investment into grid modernisation. Therefore the Ministry is supporting the RAB tariffs reform and is also working on having it improved. The Ministry is continuing discussions with the National Regulator to improve the conditions for investors namely by not making them cover new production capacities. Should members of ICBAC be willing to share their vision and/or provide certain examples on stimulating tariff setting, it would be very helpful to join forces in communication with the Regulator to improve the current decision, by working out the rates which would be suitable for all parties involved, and to accumulate all needed resources for grid modernization, and respectively for investment.” – stated Acting Minister of Energy of Ukraine Olga Buslavets.

ICBAC General Secretary Alfred F. Praus assured that the members of the International Council of Business Associations and Chambers in Ukraine are open to deepening the dialog with the Ministry, as well as ready and willing to cooperate with the authorities to contribute to the improvement of business climate in Ukraine and to its further economic growth.

For photos, please check here


24/07/2020

Meeting with Levan Varshalomidze (National Investment Council) and Sergiy Tsivkach (UkraineInvest)

On July 24 the International Council of Business Associations and Chambers in Ukraine met with the Secretary of the National Investment Council of Ukraine Levan Varshalomidze and the Chair of the Executive Board of UkraineInvest Sergiy Tsivkach to discuss the state of the investment climate of Ukraine, processes of both positive and negative nature influencing it, and steps by the Ukrainian authorities necessary for making Ukraine attractive for investors.

The matters in public procurement, renewable energy, tax, and market of deep processing were among the topics discussed. The participants also touched upon the high importance of the rule of law, and defined the issue of building trust as one of the key tasks for Ukraine to be perceived by the world as a reliable partner to make business with.

Mr. Varshalomidze stressed the intention of the government to establish a direct contact with businesses, while ICBAC expressed its willingness and possibility to provide experts from among its members to work on essential matters for improving Ukrainian business climate.

The participants agreed to have a hands-on business-oriented approach in further cooperation.


13/07/2020

We are happy to share with you an invitation to a Two-Day Online Conference, organized by the International Trade Club (ITC) and members of the Dnipropetrovsk Chamber of Commerce and Industry on August 4-5, 2020.

The program provides a session of short presentations of opportunities and prospects for cooperation from members of the ITC, as well as B2B negotiations. For more detailed information, please check enclosures ( Invitation, Program ), and/or contact Mr. Oleksandr Vanidovsky, the General Secretary of ITC (a.vanidovsky@gmail.com, +380969400060).
Participation in the conference is free.

Please confirm your participation to Mr. Vanidovsky until July 21, 2020.


09/07/2020

Meeting with Prime Minister of Ukraine

Today International Council of Business Associations and Chambers in Ukraine has had a meeting with the Prime Minister of Ukraine Denys Shmyhal. The meeting was organised with an aim to strengthen and deepen the level of business dialogue with the Government of Ukraine in order to foster the development of better conditions for doing business in Ukraine.

Among the discussed topics were:
- activation of trade and investment cooperation involving representatives of the ICBAC to the organization of joint business events and meetings;
- free trade agreements, in particular between Ukraine and Canada, Ukraine and Turkey;
- problematic issues of the companies that are ICBAC members.

For more information, please check out here and some photos here


02/07/2020

ICBAC Statement on Resignation by Governor of National Bank of Ukraine, Yakiv Smoliy

ICBAC is deeply concerned about the current development in light of the yesterday’s all of a sudden wish of governor Yakiv Smoliy to resign, citing continuous political pressure as the reason for that, and appeals to the President, the government, and the parliament to stick to the former trajectory and not to let Ukraine slip into a financial crisis again.

To read the full text, please see enclosure.


23/05/2020

ICBAC in support of USUBC statement on "green tariff"

ICBAC fully supports the statement of our member U.S.-Ukrainе Business Council to the Office of the President, Prime Minister’s office, Minister of Energy and Environmental Protection, Ministry of Foreign Affairs, Embassy of Ukraine to the U.S.A. and Embassy of the U.S.A. to Ukraine, the Office of the National Investment Council, UkraineInvest, Business Ombudsman Council, and several other addressees on the recent “green tariff” negotiations in Ukraine’s energy sector.

See this statement enclosed.


19/05/2020


21/04/2020

ICBAC Statement in support of Ukraine’s Economy and Businesses during the Corona-Crisis

HE Volodymyr Zelenskyy
President of Ukraine
HE Denys Shmyhal
Prime Minister of Ukraine
HE Dmytro Razumkov
Speaker of the Verkhovna Rada of Ukraine

Ref.: Response to the Coronavirus Crisis

Dear Messrs. President, Prime Minister and Speaker,

The International Council of Business Associations and Chambers in Ukraine (ICBAC) represents 10 Ukrainian and foreign chambers of commerce and business associations listed below, which unite over 9,000 businesses, representing the majority of employers in Ukraine as well as the companies which have made most foreign investments in Ukraine.

ICBAC believes that COVID-19 poses an immense threat to the global health, physical and economic alike. Our countries employed complexes of measures which include various intensities of testing, carrier tracking, and quarantine-like regimes with varying results, with one thing remaining true – early acknowledgement of the problem leads to lower morbidity. Politicians face tough choices: keep face-to-face interaction to a minimum to stop the spread of the infection and have the GDP plummet – or keep the businesses at least somewhat open to minimize the unemployment and risk a wider virus spread. Reopening economy too early, while desirable economically in short term, can also cause a resurgence in infection.

Ukraine is rather vulnerable to both the healthcare and the economic risks, short-term and long-term, posed by the pandemic. We understand that as a developing economy Ukraine can devote only limited funds to the healthcare measures as well as to the support of business to allow employers to keep the staff on the payroll, even if part-time in these trying times.

ICBAC welcomes the recent steps by the Verkhovna Rada of Ukraine and the Cabinet of Ministers to partially relieve the economic and regulatory pressure from the business under these strenuous conditions and to create the Council for Economic Development of Ukraine under the Prime Minister of Ukraine. ICBAC and its member associations stand ready to assist Ukraine’s authorities in developing a comprehensive anti-crisis measures package, including through sharing the experience of the member associations’ countries.

ICBAC member associations believe that, in order to minimize the effect of the COVID-19 crisis, the most urgent tasks which Ukraine’s authorities should take as fast as possible, yet having carefully thought them through:

(1) Securing financing for the substantial budget deficit, including continued cooperation with the IMF, which would unlock other funding sources, and with other international financial institutions (IFIs), obtain bilateral assistance from other states and international organizations like WHO targeted specifically at countering the COVID-19 healthcare effects;

(2) Keeping the banking system stable and countering the imminent risk of an increase in under- or non-performing loans;

(3) Developing and promptly implementing a systemic anti-crisis package of measures to support the businesses, including SMEs and those larger businesses which do not have the financial safety cushion, through injection of liquidity into sound business, including through state and local procurement orders for medical consumables and equipment from businesses that switch from their regular activities to producing such items, and various other measures which we discuss in the attachment;

(4) Supporting the neediest in the population by strictly targeted programs;

(5) Clearly and regularly communicating the reasons for these packages of measures as well as rules and mechanisms for their use, and for any other anti-crisis measures in the media and through business, volunteer, and other associations.

The following attachment provides more details on the development of crisis scenarios in various countries and measures taken in the developed and other economies as a guidance for urgently needed action by Ukraine’s authorities.

Yours sincerely,

Alfred F. Praus m.p., General Secretary
International Council of Business Associations and Chambers of Commerce in Ukraine

To download Open Letter

To download Attachment on the development of crisis scenarios in various countries and measures taken as a guidance for urgently needed action by Ukraine’s authorities


30/03/2020


26/03/2020


13/03/2020

The International Council of Business Associations and Chambers in Ukraine (ICBAC) was established in 2017 in Ukraine. With our 9 leading bilateral chambers and business associations as well as the Ukrainian Chamber of Commerce and Industry we are representing more than 9,000 Ukrainian and foreign companies in Ukraine and abroad. Our prime aim is to improve the business conditions in Ukraine and promote foreign direct investments.

In our today’s meeting we were discussing how to cope with the impact of coronavirus on business. Whereas we are principally understanding and backing the severe measures taken to prevent further spreading of the virus, we however doubt the appropriateness of banning the entry of foreigners to Ukraine: without doubt foreign investment is constituting one of the main drivers for growth and prosperity.

We will contribute the experience and expertise of our members to such end.

Alfred F. Praus, General Secretary


26/09/2019

On September 23, 2019 ICBAC has hosted a Concert and Reception at National Philharmonic Hall in Kyiv.

For more information, please check our press release and some photos here.


16/09/2019

CULTURE BINDS NATIONS, BUSINESS, AND PEOPLE

On 23 September 2019, ICBAC is organizing a concert and gala reception at Philharmonic Hall in Kyiv. Up to 350 top executives of ICBAC-member companies and 100 personalities from economy, politics and culture are expected to attend and enjoy classical music, followed by high-class networking.

The event will happen with the support of the following partners and sponsors:

Концерт та гала-прийом ICBAC 23 вересня 2019 Концерт та гала-прийом ICBAC 23 вересня 2019 Концерт та гала-прийом ICBAC 23 вересня 2019 Концерт та гала-прийом ICBAC 23 вересня 2019 Концерт та гала-прийом ICBAC 23 вересня 2019


09/07/2019


27/06/2019

ICBAC is proposing the establishment of a political risk and conflict insurance in Ukraine in order to foster investment, mainly foreign direct investment which had been extremely poor in the past years keeping growth of Ukrainian economy at an inadequate level indeed.

Based on an earlier initiative by Bate C Toms, Chairman of the British-Ukrainian Chamber of Commerce, ICBAC is both lobbying political stakeholders in the international community being potential donors of guarantees as well as addressing President Zelenskyi and his team to include such proposal into the agenda of the Ukraine Reform Conference in Toronto on July 2 – 4.

For this purpose ICBAC has given interviews in UA-TV and has posted a pertinent resolution as well as a commentary thereon in Kyiv Post – see pages 2 and 3 of the issue dated June 27 enclosed. Kyiv Post_27.06.2019


31/05/2019

ICBAC-initiative on establishment of a political risk insurance fund

Ukraine urgently needs investment in order to grow and prosper. Foreign Direct Investment would be much higher in the absence of political risk.

Alfred F. Praus/President of UAA and General Secretary of ICBAC moderating the discussion with Daniel Bilak/President of UkraineInvest, Bate C. Toms/Chairman of BUCC who had taken the initiative on such topic, and people from the audience such as Viacheslav Andriyko/General Director of Willis Towers & Watson, Alexander McWorther/Managing Director of Citibank Ukraine, Ukrainian President team and Canadian Embassy. ICBAC-proposal is planned to be presented at the Ukraine Reform Conference on July 4 in Toronto. Still some lobbying ahead to hopefully make it a success.

For more information, please check our PRI press release and some photos here.


11/03/2019

Interview with General Secretary of ICBAC at UA-TV

General Secretary of ICBAC Alfred F. Praus presents ICBAC at UA-TV on March 11.

To check the interview, please follow the link: https://www.youtube.com/watch?v=WtSLhCdrXUQ


01/03/2019

2019 Second Regular Meeting of ICBAC

On February 28 it was decided to specifically deal with political risk insurance, strategies and measures for curbing labour outflow and brain drain, foster further development of Ukrainian IT-industry in a proper legal format.


12/02/2019

2019 First Meeting of ICBAC

On February, 11 a regular meeting of ICBAC members was held.

The President of Ukrainian-Austrian Association Alfred F. Praus, appointed as General Secretary in 2019 of ICBAC, has taken over the main tasks to make ICBAC more active and visible.

ICBAC will continue to deal with specific issues, which are basic prerequisites to increased foreign direct investments as the main driver for growth and hence enhanced prosperity. The practical experience and recommendations of its member companies will be brought forward to the competent ministers and other relevant institutions. Besides education and training in order to improve standards of Ukrainian business, strategies and measures to curb the labour outflow are among the priorities set.

For that purpose ICBAC-members will reconcile actions by way of monthly Jour Fixes and envisage to organize several events, among them a large conference in cooperation with UCCI in September 2019.