UKRAINE
Welcome to the “Odesskiy Dvorik” residence, the ideal place that offers the perfect setting for business or pleasure! The Odesskiy Dvorik is a gateway to Odessa’s downtown scene. Our hotel is located on Uspenskay street, a lively destination within walking distance of the best attractions in downtown Odessa. Located very close to the sea, “Lanzheron” beach, Privoz, and last but not least the historical centre of the city. The hotel features a conference hall, gym and restaurant. The “Juzzy Buzzy” restaurant is well known and defined as the best for its local Odessa cuisine, Caucasian cuisine on the grill and Japanese cuisine. Perfect for the individual business traveller, conventioneer, couple or group attendees, the hotel offers 48 rooms (Standard, Junior Suite, Suite and Presidential Suite) especially designed for a serene and inviting stay. Guests can indulge in the hotel’s bath amenities and enjoy all the comforts of home. Each guest room offers new furnishings, air conditioning, satellite and cable TV
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Odesskiy Dvorik Residence - 19, Uspenskaya street - Odessa city Tel: +380 48 777 72 71 - Fax: +380 48 728 75 73 - e-mail: dvorik@online.ua - website: odesskij-dvorik.ua
Contents
Ukraine INTRODUCTION
ENERGY & GAS
Bear Fruit 6 • EU Ambassador Teixeira’s View on Ukraine 7 • Ambassador Highlights Business Friendly Investment Climate 8
• Association Helping to Upgrade Gas Sector
• Economy Has Strong Long-Term Prospects 4 • Government’s Difficult Reform Process Beginning to
• Ministry Bringing Energy Sector in Line with EU Criteria
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Legislation
47
TRADE & INDUSTRY
• Chamber Promoting Ukraine Locally and
BUSINESS & INVESTMENT OPPORTUNITIES • Bringing Legislation in Line with EU Standards • Economy Poised to Take Off as FDI Continues to Flow In
• State Agency for Investment and National Projects • State Agency Serves as Window on Ukraine for International Investors • Influential Business Association Promoting Closer Ties to EU • Danish Association Assisting Foreign Investors
Internationally
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Investors
50 51
Principles
52
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• Belgian-Ukrainian Chamber Ideal Partner for
11 16
• Panasonic • Major Business Union Promoting Free Market
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• Dynamic Organisation Supporting Entrepreneurship 53 • Iceblick 54
19 20
INFRASTRUCTURE
• Ministry of Regional Development Building
FINANCE
• World Bank Confident about Ukraine’s Long Term Prospects
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up to EU Standards
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• EBRD Helping to Bring Business Environment • Financial Sector Reforms to Improve Business Environment • Beiten Burkhardt • B.C. Toms & Co
24 28 29
Foundations for Future Growth
56 57 58
Infrastructure
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Class Service
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• Over �11 Billion in Construction Projects Planned • Odessa: Thriving Trade Hub Drawing FDI • Major Upgrades for Transport and Logistics • Freight Forwarders Group Ensuring World
EDUCATION
• Education System Implementing EU Standards
AGRICULTURE & FOOD PRODUCTS • • • • •
Agriculture Sector Offers Vast Development Potential 31 Myronivsky Hliboproduct 32 The World’s Breadbasket in the 21st Century 34 Nestlé SA 36 Elit 37
• Rapidly Developing Healthcare Sector Welcomes • • • •
European Support Roche Ukraine Bringing Healthcare System up to Global Standards Farmasoft Teva Pharmaceuticals
IT & TELECOM
• New Regulations Make IT Investments Even More Attractive
39 40 41 43 44
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• Miratech 67 • Telecom and IT Liberalisation Creating New Opportunities 68
TOURISM
HEALTH
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• • • • • •
Euro 2012 Jump-Starting Tourism Industry Euro 2012 Much More than Sports Event Top 10 “Must See” Sites Riviera Boutique Hotel Hertz Grata Apartments
70 71 72 74 76 77
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Introduction
EU Ambassador Teixeira’s View on Ukraine Ukraine has made good progress towards building an increasingly close relationship with the EU. As José Manuel Pinto Teixeira, European Union Ambassador to Ukraine explains, “Ukraine was the first post Soviet country after 2004 to be offered an Association Agreement with the EU. Now it should work hard to embrace EU values, including ensuring democracy, human rights, protection of minorities, rule of law, and an open, market oriented economy. The EU is providing a very comprehensive programme of assistance for Ukraine. There is no question that Ukraine is already a European country, but it needs to go through a serious process to meet EU criteria, particularly at the political level.” And this road is still marred by serious shortcomings. In spite of the EU’s assistance Ukraine still has not adopted an electoral code which would be in line with OSCE/ODHR recommendation and its own commitments with the EU as provided for in the Association Agenda. The latest developments with regard to the electoral reform are of serious concern, especially taking into account the October 2010 local elections, which were considered as a step backwards in comparison with the last Presidential elections. Now, according to José Manuel Pinto Teixeira, “Ukraine needs political leaders who will put the interests of the country’s citizens ahead of their own economic interests. This is the main challenge for Ukraine’s leadership today: defining objectives and transforming them into reality in a smooth process.”
Business environment being upgraded Another priority is to upgrade Ukraine’s business environment by combating corruption, removing bureaucratic hurdles, and improving the performance of public institutions. Such improvements will serve to attract the foreign investment that Ukraine urgently needs in order to move forward. José Manuel Pinto Teixeira explains, “Ukraine offers vast investment prospects. It is a huge country that has the most fertile farmland in the world, an educated workforce,
José Manuel Pinto Teixeira, European Union Ambassador
an increased number of multilingual young people, a sizeable consumer base, and access to the EU, yet its infrastructure is still undeveloped. While investing here now is still a challenge, we are working on negotiating a unique Association Agreement including a Deep and Comprehensive Free Trade Agreement. If the Association Agreement would be signed and implemented, it would significantly improve Ukraine’s investment appeal. Ukraine’s future could be potentially very bright.” José Manuel Pinto Teixeira notes that Ukraine has the potential to offer strong prospects in agriculture, tourism and manufacturing. He concludes, “Ukraine needs to bring its agriculture sector up to international standards. A number of major foreign investors in agriculture have already come here, including from the UK, but the lack of land ownership and the absence of clear rules are an issue faced by investors across sectors. As for tourism, Ukraine is a beautiful country with very hospitable people. In addition, in certain areas the manufacturing sector is competitive.”
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• Bringing Legislation in Line with EU Standards • Economy Poised to Take Off as FDI Continues to Flow In • State Agency Serves as Window on Ukraine for International Investors • Danish Association Assisting Foreign Investors
Business & Investment Opportunities
“Ukraine has huge potential for investors, and for visitors this country has a tremendous cultural and natural heritage.” Anatoliy Mohylov, Former Minister of the Interior
• World Bank Confident about Ukraine’s Long Term Prospects • EBRD Helping to Bring Business Environment up to EU Standards • Financial Sector Reforms to Improve Business Environment
Finance
“Ukraine has a strategic location between Russia and the EU, a market of 44 million people whose income could double in the next decade, access to the Black Sea, and a skilled labour force.” Martin Raiser, Country Director World Bank
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UKRAINE • The World’s Breadbasket in the 21st Century
Agriculture & Food Products
“Ukraine’s agriculture sector is important not only to our country but also to the world, since Ukraine can play a major contribution to ensuring food security at a global level.” Mykola Prysyazhnyuk, Minister of Agrarian Policy and Food
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UKRAINE • Bringing Healthcare System up to Global Standards
Health
“The Ministry of Health has developed ambitious programmes and we are eager to make them a reality. Ukraine’s healthcare sector has huge development potential.” Oleksandr Anischenko, Minister of Health
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• Ministry Bringing Energy Sector in Line with EU Criteria • Association Helping to Upgrade Gas Sector Legislation
Energy & Gas
“Ukraine’s energy sector will provide reliable and steady returns on investments.” Deputy Minister of Energy and Coal Industry, Volodymyr Makuha
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UKRAINE • Belgian-Ukrainian Chamber Ideal Partner for Investors • Major Business Union Promoting Free Market Principles • Dynamic Organisation Supporting Entrepreneurship
Trade & Industry
“The Ukrainian Chamber of Commerce and Industry will offer even stronger support to Ukraine’s trade and industry sector and to individual entrepreneurs.” Serguiy Skrypchenko, President Chamber of Commerce and Industry
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• Ministry of Regional Development Building Foundations for Future Growth • Over €11 Billion in Construction Projects Planned • Odessa: Thriving Trade Hub Drawing FDI
Infrastructure
“ We can offer very low cost labour and hundreds of industrial facilities that are not currently in use.” Anatoliy Blyznyuk, Minister of Regional Development, Construction and Housing and Communal services
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UKRAINE
Education
“We aim to increase the quality of higher education in Ukraine and encourage greater integration with European and international educational systems.” Dmitry Tabachnik, Minister of Education, Youth and Sports
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• Euro 2012 Jump-Starting Tourism Industry • Top 10 “Must See” Sites
Tourism
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