The "Viva la Revolucion" Conference Drives Home the Importance of Dialog
Attracting investment inflow into Ukraine will depend on direct communication between all parties in the investment process. This conclusion was emphasized at the "Viva la Revolucion" international investment forum, which was held in Kyiv on the eve of Viktor Yushchenkos inauguration.
Kiev, Ukraine (PRWEB) February 2, 2005 -- Attracting investment inflow into Ukraine will depend on direct communication between all parties in the investment process. This conclusion was emphasized at the "Viva la Revolucion" international investment forum, which was held in Kyiv on the eve of Viktor Yushchenkos inauguration.
"Viva la Revolucion," organized by the Parliament of Ukraine and Concorde Capital Investment Company, brought together representatives of 70 leading investment firms, state offices and Ukrainian industrial heavyweights. This forum created the first attempt to forge the previously missing communication links among the major players in the Ukrainian stock market. Over 120 participants were involved, including the investment managers from ING Capital Markets, Credit Anstalt IB, East Capital Management, Lombard Odier Darier Hentsch and Hansberger Group.
The importance of dialog was stressed by state authorities, and the Ukrainian Parliament established this position by being a conference co-organizer. By raising questions on market operations issues, government officials availed themselves of this unique opportunity to discuss investors and entrepreneurs expectations regarding profit repatriation, banking system regulation, stock fund activisation, privatization, tax reform and the transparency of governmental decisions. The conference was attended by officials such as Valeriy Asadchev, Deputy Chairman of the Parliamentary Budget Committee, Viktor Kapustin, Deputy Chairman of the Committee on Banking and Finance, Volodymyr Ignashchenko, Deputy Minister of Economy and European Integration, and Anatoliy Balyuk, Head of the State Stock Market and Securities Commission. Their presence is a promising indicator that the topics discussed would be taken into account when forming new investment policies.
The conference provided a platform for news making statements from several Ukrainian companies. Presentations made by NAK Naftogaz Ukrainy, Ukrnafta, Halnaftogaz, Ukrtelekom, Southern Industrial-Investment Group, Stirol, Zaporozhstal, Centrenergo and Zakhidenergo, incorporated both activities reports and investment options announcements. Alexandr Salov, the CFO of the leading nitrogen fertilizer producer Stirol, announced the debut issue of Eurobonds for at least $ 100 mln. Aleksandr Rabtsun, the CFO of Zaporizhstal, spoke about a possible $300 mln Eurobond issue.
Commenting on the importance of "Viva la Revolucion," Michael Maltsoff, a representative of Energy Standard Group, which has worked in Ukraine since 1995, mentioned that, "Ukraine is an equity market and an investment destination which is not very well understood in the West." To fill this informational gap, a road show during the conferences second day was aimed at demonstrating the investment potential of Ukraine by bringing investors to meet top managers at the production facilities of the truck manufacturer AvtoKRAZ and the nitrogen fertilizer producer Dniproazot.
Summarizing the forum results, co-organizer John Suggitt, the Managing Director of Concorde Capital, mentioned, "The people that speak at the conference are very interesting. You can learn a lot from them. But the most important thing about the conference is a chance to meet people face to face, to encounter them during dinner, reception, coffee breaks, to shake their hands and actually talk to them. This can do a lot more for attracting investments than any sort of speech you can give."
Stimulated by the positive reaction to the forum, Concorde Capital announced the holding of two more large-scale road shows within the next 6 months.
For additional information contact
John Suggitt
Concorde Capital
tel. +380 (44) 206-83-67
fax +380 (44) 206-83-66
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