Kiev, Ukraine (PRWEB) April 18, 2005
As European investors take a closer look at post-revolutionary neighbor, Ukrainian businesses and government are taking the first steps towards Europe by organizing an investment conference in the continent's financial capital Â Frankfurt/Main. The event organized by PricewaterhouseCoopers and CFC Consulting with the ambitious title "Ukraine's Business Potential: Europe's Emerging Tiger" will be held on April 28th, 2005.
Jorge Intriago, vice-president of European Business Association and conference co-organizer, considers such ambitions to have a sound basis: "In the past years the Ukrainian economy has experienced a very rapid and sustained growth and the reforms introduced have really transformed the legal system. This coupled with EU enlargement, which brought the EU borders to Ukraine and the recent political changes that have accelerated the reform process have created fantastic opportunities for foreign investors wishing to exploit Ukraine's untapped business potential."
Conference organizers say they plan the event to be one of the first real steps aimed at bringing Ukraine closer to Europe as well as demonstrating a whole new dimension of investment opportunities in Ukraine for European businesses.
The Orange Revolution has greatly improved the political image of Ukraine in Europe and the world. Taking into account the country's reasonable and well-educated workforce as well as a favorable geographic location, there is no surprise that investors' attention towards Ukraine has also soared a great deal. The opinion of H.E. Dietmar Stuedemann, German Ambassador to Ukraine clearly reflects the change in Europeans' attitudes towards the country: "Ukraine is striving for predictability, transparency and democratization. These are elementary preconditions for investors. Ukraine deserves our trust in this situation of difficult changes. The international economic commitment is fostering a positive development."
The event will bring together the representatives of European and Ukrainian businesses as well as high-ranking German and Ukrainian officials. Among them senior representatives of the Cabinet of Ministers of Ukraine, diplomatic corps, top official of the State Commission on Securities and Stock Market of Ukraine and others. The conference, which is being held at such a high level, points to the need to initiate a high-profile dialogue between Europe and Ukraine in the field of investments.
According to Dr. Bohdan Hawrylyshyn, Chairman of the International Center for Policy Studies, selecting Frankfurt to host the conference was a wise decision, since "Germany is a biggest European Economy and it has a great experience of investing into post-Socialist countries like Poland, the Czech Republic and others."
Among the key topics to be addressed at the conference are political and macroeconomic situation in Ukraine, Ukraine's investment climate, the impact of EU enlargement on Ukraine, legal framework for FDI in Ukraine, privatization and Ukraine's financial sector.
For additional information visit http://cfc.com.ua/conference/
Lilli Jundt-Becker (Frankfurt)
Viktor Sytnyk (Kiev)
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